IndusInd Bank's margins expand in Q1FY17

IndusInd Bank has declared its Q1FY17 results on Monday. The bank’s total interest earned has increased by 5.11 per cent to Rs 3292 crore in Q1FY17 as compared to previous quarter. Its net interest margin (NIM) stands at 3.97 per cent in Q1FY17 against 3.94 per cent in Q4FY16. IndusInd Bank’s operating profit before provisions and contingencies has risen by 9.41 per cent to Rs 261 crore in Q1FY17 on a quarterly basis. The bank’s other income has boosted by 6.59 per cent to Rs 973 crore in Q1FY17 on a quarter on quarter basis. Its net profit has increased by 6.61 per cent to Rs 661 crore in Q1FY17 as compared to previous quarter.

On yearly comparison, IndusInd Bank’s top line has increased by 20.86 per cent to Rs 3292 crore in Q1FY17. The bank’s operating profit before provisions and contingencies has been boosted by 31.47 per cent to Rs 261 crore in Q1FY17 as compared to same period in previous fiscal year. Its net profit also has risen by 25.97 per cent to Rs 661 crore in Q1FY17 on a yearly basis.

On asset quality front, IndusInd bank’s bad loans have slightly increased in Q1FY17. Its gross NPA stands at 0.91 per cent amounting to Rs 861 crore as of Q1FY17 while 0.87 per cent to Rs 777 crore as of Q4FY16. The bank’s net NPA stands at 0.38 per cent to Rs 356 crore in Q1FY17 against 0.36 per cent to Rs 322 crore as of Q4FY16.

The share price of IndusInd Bank has reduced by 0.16 per cent on bourses after declaration of quarterly results; and closed at Rs 1125 on an intraday basis.

IndusInd Bank offers various banking and para banking services. The bank is also engaged in granting of loans to various segments, including industries/business and retail loans to individuals, among others. Its segments include Treasury; Corporate/Wholesale Banking; Retail Banking and other banking operations. It has over 800 branches in India.