IndusInd Bank Share Price in Focus: Rose Over 12% in Past 8 Trading Session

On February 5, 2025, IndusInd Bank share price continued the gaining streak for the 8th continuous trading session. IndusInd Bank share price opened at ₹1,054.95 and touched the day high of ₹1,078.50, reflecting a gain of 2.58% at 11:50 AM. In the past few days, IndusInd Bank share price has surged over 12% cumulatively.

IndusInd Bank Q3FY25 Performance

For the quarter ending December 31, 2024, the bank reported a Net Interest Income (NII) of ₹5,228 crores, slightly lower than ₹5,296 crores for the same period in 2023. The Net Interest Margin (NIM) for Q3 of FY25 stood at 3.93%, down from 4.29% in Q3 of FY24 and 4.08% in Q2 of FY25. The yield on assets for the quarter was 9.63%, compared to 9.75% in the previous year, while the cost of funds increased to 5.70% from 5.46% in the same period last year. Other income was ₹2,355 crores, marginally lower than ₹2,396 crores in the corresponding quarter of the previous year, with core fee income decreasing to ₹2,123 crores from ₹2,165 crores. Operating expenses also saw a rise, totaling ₹3,982 crores, up by 9% from ₹3,649 crores in Q3 of FY24.

Regarding asset quality, Gross Non-Performing Assets (NPAs) stood at 2.25% of gross advances as of December 31, 2024, an increase from 2.11% in September 2024, while the Net NPA ratio was 0.68% compared to 0.64% in the prior quarter. The Provision Coverage Ratio remained stable at 70%, with provisions and contingencies (excluding tax) for the quarter at ₹1,744 crores, a significant rise from ₹969 crores in the previous year. Total loan-related provisions as of December 31, 2024, were ₹8,792 crores, representing 2.4% of the loan book.

Management Take

According to MD and CEO Sumant Kathpalia, IndusInd Bank’s vehicle finance segment is poised for its best quarter in January-March 2025. Following a tough first half of the year, the sector is now experiencing a strong recovery, with disbursements totalling ₹13,300 crore in the previous quarter. This sustained growth in vehicle finance is expected to play a key role in driving the bank’s retail expansion.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.