𝘐𝘯𝘥𝘪𝘢𝘯 𝘉𝘢𝘯𝘬 𝘘3𝘍𝘠25 𝘙𝘦𝘴𝘶𝘭𝘵𝘴: 𝘚𝘵𝘢𝘯𝘥𝘢𝘭𝘰𝘯𝘦 𝘱𝘳𝘰𝘧𝘪𝘵 𝘴𝘶𝘳𝘨𝘦𝘴 35% 𝘠𝘰𝘠 𝘵𝘰 ₹2,852 𝘤𝘳𝘰𝘳𝘦
Chennai, January 29, 2024: Indian Bank's MD & CEO Binod Kumar today declared Bank's Q3FY25 Financial results. During the press meet, he said that the bank's standalone bottom line during the quarter rose to Rs 2,852 crore, compared to Rs 2,119 crore in the year-ago period.
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| Indian Bank's MD & CEO Binod Kumar |
On a quarter-on-quarter (QoQ) basis, Indian Bank's profit increased by 5.39% from ₹2,706.44 crore posted in the September quarter of FY25. The net interest income (NII) during the quarter under review came in at ₹6,414.72 crore, up 10.32% from ₹5,814.19 crore posted in Q3 FY24 and 3.55% as against ₹6,194.22 crore posted in the preceding quarter of current fiscal.
The PSU bank witnessed an improvement in non-performing assets (NPA), with the amount of gross NPA declining to ₹18,208.35 crore from ₹22,786.5 crore on a YoY basis. Even sequentially, the gross NPA in Q3 FY25 was lower than ₹19,148 crore in Q2 FY25. The net NPA stood at ₹1,126.86 crore in Q3, down from ₹1,445.29 crore in Q2 and ₹2,578.72 crore in Q3 last fiscal.
Subsequently, the percentage of gross NPAs improved to 3.26% in the December 2024 quarter from 4.47% in the corresponding quarter last year. The figure was also slightly better than 3.48% in the September 2024 quarter. The percentage of net NPA came in at 0.21%, down from 0.53% on a YoY basis and 0.27% on a QoQ basis.
The margin performance of the PSU lender also remained strong, with the operating margin coming in at 26.52% in the quarter under review as against 25.45% in the same quarter last fiscal. Similarly, the net profit margin was at 15.92%, significantly higher than 13.16% in the year-ago period.
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