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IndusInd Bank to announce Q3 results on Thursday; what to expect

ETMarkets.com|
Jan 10, 2018, 03.44 PM IST
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Earnings---Thinks-stock
Loan book growth is expected to remain much above the industry level. However, slippages and credit cost are expected to increase marginally.
Private sector lender IndusInd Bank is likely to report double-digit rise in bottomline figures for the quarter ended December 31, 2017.

Brokerage firm Reliance Securities believes that IndusInd Bank may report net profit of Rs 936.20 crore for the quarter under review, up 24.70 per cent, against Rs 750.60 crore in the corresponding quarter last year. Operating profit and net interest income may rise of 20.90 per cent and 25.30 per cent, respectively, on a year-on-year basis.

Loan book growth is expected to remain much above the industry level. However, slippages and credit cost are expected to increase marginally.

"Net interest margin is expected to remain at current levels owing to moderation in yield on fund," Reliance Securities said.

Edelweiss Securities sees 22.80 per cent and 23 per cent year-on-year rise in PAT and pre-provision operating profit figures.

"Loan growth to be higher than industry, with continued tilt towards consumer finance division. Fee income trends to continue superior performance. Asset quality trend will likely be stable," Edelweiss said in a report.

Earlier, the lender posted 29 per cent year-on-year rise in net profit figures at Rs 750.64 crore in Q3FY17 over Rs 581.02 crore in Q3FY16.

Shares of the company managed to outpace benchmark equity indices last calendar year. The scrip jumped 52 per cent to Rs 1650.25 on December 29, 2017 from Rs 1,087 on January 2. The BSE Sensex advanced 28 per cent during the same period.
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