IndusInd Bank Q4 Results Review - Inline Earnings; Asset Quality Remains Stable: Motilal Oswal

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.IndusInd Bank Ltd. reported an in-line Q4 FY24 performance. Profit after tax grew 15% YoY to Rs 23.5 billion (in line), aided by healthy revenue growth and lower provisions (aided by reversal of Rs 3 billion of contingent provisions).Loan growth was healthy at 18.4% YoY to Rs 3.4 trillion, with healthy traction in the consumer finance segment. Deposits grew 14.4% YoY to Rs 3.8 trillion, led by term deposits. The current account savings account ratio moderated 61 basis points QoQ to 37.9%.Fresh slippages moderated ~19% QoQ to Rs 14.3 billion, primarily driven by a decline in slippages in the corporate book to Rs 1.6 billion and consumer finance book to Rs 12.7 billion. Gross non-performing assets/net non-performing assets ratios remained stable at 1.92%/0.57%. Restructured book declined 8bp QoQ to 0.4%.We estimate IndusInd Bank to deliver a ~21% earnings compound annual growth rate over FY24-26, leading to return on assets/return on equity of 2.1%/16.8% by FY26. We reiterate our 'Buy' rating on the stock with a target price of Rs 1,850..Click on the attachment to read the full report:.Olectra Green Shares Tumble Most In Over A Month After Q4 Profit Decline.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

IndusInd Bank Q4 Results Review - Inline Earnings; Asset Quality Remains Stable: Motilal Oswal

Contingency buffer moderates; fresh slippages decline QoQ

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IndusInd Bank Q4 Results Review - Inline Earnings; Asset Quality Remains Stable: Motilal Oswal

Contingency buffer moderates; fresh slippages decline QoQ

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