24 Jan 2022 , 09:04 AM
Result date: 29th January, 2022
Recommendation: Buy
Target price: Rs. 1,200
IndusInd Bank registered YoY loan growth of 10.1% in the quarter. Deposits grew at a robust 19.1% on a YoY basis and kept the CASA ratio stable on a sequential basis at 42.2%. While, NII is estimated to grow 11%, Non-interest income could increase 23% relative to the year ago quarter. The bank’s net interest margin is estimated at 4.1%, stable on a sequential basis.
Lower provisions will aid net profit of the bank during the quarter.
All eyes will be on the headline numbers as well as fine print around its asset quality. The bank’s credit costs are likely to remain elevated even as the bank maintains higher provision coverage ratio.
Important management insights to watch out for:
- Stress in MFI loan book
- Trends in and outlook for restructured assets
- Outlook on credit growth across segments
Rs. Billion | December 2021 estimates | YoY change | QoQ change |
NII | 37.7 | 11% | 3% |
Total Income | 58.0 | 15% | 6% |
PPOP | 33.8 | 14% | 5% |
PBT | 17.8 | 60% | 17% |
PAT | 13.4 | 62% | 17% |
Source: Company, IIFL Research
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.