IndusInd Bank result: How FY19 looks like for this lender

There was no stopping IndusInd Bank today as investors continued to maintain a heavy buying sentiment in the counter. The shares rocketed by over 6% and even touched an intraday high of Rs 1,535.75 per piece. At around 1412 hours, the share was performing at Rs 1,527.70 per piece up by Rs 80.05 or 5.53%. Such positive sentiment in IndusInd comes on the back of its Q4FY19 announcement. The positive behavior of investors is despite the bank posting decline in net profit on yearly basis. The bank has set aside provisions for an infrastructure group, which indicates IndusInd’s stringent method for tackling NPAs.

The bank bagged a net profit of Rs 360 crore in Q4FY19, declining by a massive 62% from Rs 953 crore in the corresponding period of previous year.Net Interest Income (NII) which is the difference between interest earned and expended, came in at Rs 2,232 crore in Q4FY19, rising by 11% compared to Rs 2,008 crore in the same period a year ago. 

Here's how IndusInd Bank's FY19 fiscal looks like:

1. NII for the year ended March 31, 2019 is Rs. 8,846 crores as against Rs. 7,497 crores the previous year, registering a robust Y-o-Y growth of 18 %. Adjusted for one-off reversal, NII shows growth of 20%.

2. Non-Interest income is at Rs. 5,647 crores for the year ended March 31, 2019 as against Rs 4,750 crores the previous year, a growth of 19%.

3. Core fee income is Rs. 5,068 crores for the year ended March 31,2019 as against Rs. 4,177 crores the previous year, marking a growth of 21 %.

4. Operating Profit for the year ended March 31, 2019 is Rs. 8,088 crores as against Rs. 6,656 crores the previous year, a growth of 22%. Adjusted for one-off reversal, operating profit works out to Rs. 8,241 crores showing growth of 24% Y-o-Y.

5. Net Profit for the year ended March 31, 2019 is Rs. 3,301 crores as against Rs. 3,606 crores the previous year. Adjusted for one-off impact, net profit works out to Rs. 4,475 crores showing growth of 24% Y-o-Y. 

6. NIM for FY19 is at 3.80% as against 3.99% in previous period. Adjusted for one-off reversal, NIM for the year ended March 31, 2019 would be 3.86%.

7. CASA (Current Accounts- Savings Accounts) Ratio stands at 43.14% against 44.01% a year ago.

8. Total Advances as on March 31, 2019 is at Rs. 1,86,394 crores as compared to Rs. 1,44,954 crores on March 31, 2018, recording a growth of 29 %.

9. Total Deposits as on March 31, 2019 is at Rs. 1,94,868 crores as compared to Rs. 1,51,639 crores on March 31,2018, up by 29%. Total Business at Rs. 3,81,261 crores.

10. Net NPA as on March 31, 2019 is at 1.21% as against 0.51% on March 31, 2018. Adjusted for one-off impact, net NPA as on March 31, 2019 is at 0.48%.

11. Increase in network to 1665 Branches / banking outlet and 2545 ATMs as on March 31, 2019 as against 1400 Branches / banking outlet and 2203 ATMs as on March 31, 2018.