IndusInd Bank Q3 FY24 Earnings Call | December 2023 Quarterly Results

Listen to the Earnings Call of IndusInd Bank Q3 FY24 results. The audio recording of the investors’ call held on January 18, 2024 on the Unaudited Standalone and Consolidated Financial Results of the Bank for the third quarter and nine months ended December 31, 2023.

Listen to the IndusInd Bank Q3 FY24 Earnings Call:

 

Listen to IndusInd Bank Q3 FY24 Earnings Call on YouTube:

 

This is the quarterly result for the period of September 2023 to December 2023 of the financial year 2023-24. This quarterly result is also known as 9 month result.

IndusInd Bank Q3 FY24 December 2023 Quarterly Results Highlights: 

  • The net profit surged by 17% to reach Rs 2,301 crore.
  • The gross non-performing asset (NPA) decreased to 1.92%, a drop from the 2.06% recorded in the corresponding quarter of the previous year.
  • The NPA for the quarter improved to 0.57%, showing progress from 0.662% on a year-on-year basis.
  • Net Interest Income for the quarter ending December 31, 2023, amounted to Rs 5,296 crores, witnessing an 18% YoY growth and a 4% QoQ increase.
  • The Net Interest Margin for Q3 of FY24 was 4.29%, compared to 4.27% in Q3 of FY23 and 4.29% in Q2 of FY24.
  • The loan book experienced a 20% YoY growth, primarily propelled by a robust retail segment that expanded by 24% YoY.

IndusInd Bank Q3 FY24 Results Presentation: Download Here