IndusInd Bank Q4 Results: Lender reports Rs 2,329 crore loss, NII down 43% YoY

IndusInd Bank reported a consolidated net loss of Rs 2,329 crore in its Q4FY25 versus a net profit of Rs 2,349 crore in the year ago period period amid losses in its derivatives segment. The private lender reported net interest income of Rs 3,048 crore in Q4FY25 which was down 43% YoY versus Rs 5,376 crore reported in the year ago period.

The bank earned interest income of Rs 10,634 crore in the quarter under review, which was down 13% versus Rs 12,199 crore reported in the corresponding quarter of the last financial year.

The net interest margin in the Q4FY25 stood at 2.25% which was down by 201 bps YoY and 168 bps on a QoQ basis.

The Bank reported a standalone net loss of Rs 2,236 crore in its Q4FY25 versus a net profit of Rs 2,346 crore in the year ago period period.

"The Bank has appropriately accounted for and reflected the impact of all discrepancies identified in these reports while finalizing the financial results for the quarter/ twelve months ended March 31, 2025," the lender said in a separate filing to the exchanges.

"Whilst the Bank has reported a loss for Q4 due to these extraordinary developments, the bank has been profitable for the full year FY25 with Profit After Tax of Rs 2,575 crores," the filing said.

Its net worth stood at Rs 62,532 crore in Q4FY25 as compared to Rs 61,445 crores in Q4FY24.

The bank has claimed that its balance sheet remains healthy after absorbing all the impacts of discrepancies with a Capital Adequacy Ratio (CAR) of 16.24%, Provision Coverage Ratio (PCR) of 70% and average LCR of 118% with excess liquidity of Rs 39,600 crores. "The liquidity remains comfortable in current quarter as well with average LCR of 139% in the first half of the quarter," the filing said.

The interest expended by IndusInd Bank in the January-March quarter stood at Rs 7,586 crore, which was up from Rs 6,822 crore reported in the year ago period, recording an 11% jump.

Balance sheet

The balance sheet footage as on March 31, 2025, was at Rs 5,54,107 crores as against Rs 5,15,094 as on March 31, 2024, showing a growth of 8%.

The deposits stood at Rs 4,10,862 crore as on March 31, 2025 as against Rs 3,84,586 crores, an increase of 6.83% over March 31, 2024. The CASA deposits stood at Rs 1,34,789 crores with Current Account deposits at Rs 40,764 crores and Savings Account deposits at Rs 94,025 crores. CASA deposits comprised 32.8% of total deposits as at March 31, 2025.

Retail deposits as per LCR stand at Rs 1,85,180 crore as at March 31, 2025 against Rs 1,69,441 crore as on March 31, 2024, up by 9% YoY.

Advances as of March 31, 2025 were Rs 3,45,019 crore as against Rs 3,43,298 crores, an increase of 1% over March 31, 2024.

Asset Quality

The Gross NPA were at 3.13% of gross advances as on March 31, 2025 as against 2.25% as on December 31, 2024. Net Non-Performing Assets were 0.95% of net advances as on March 31, 2025 as compared to 0.68% as on December 31, 2024.