Getty ImagesIndusInd Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 11533.89 Crore, up 7.60 % from last quarter Total Income of Rs 10719.20 Crore and up 19.97 % from last year same quarter Total Income of Rs 9614.34 Crore. The bank has reported net profit after tax of Rs 1963.64 Crore in latest quarter.
Investment RationalePrice to book multiple based TP. Macro risks from the inflation-interest rate-growth dynamicremain key downside risks. Niche segments like MFI, CV/CE financing remain vulnerable to a rate hike-driven economic slowdown and are walking into the crisis already under some cyclical duress.The key upside risk to the brokerage's call is a full cyclical reversal and high growth sentiment in its core CV,MFI businesses that may accelerate earnings momentum.
Promoters held 16.5 per cent stake in the company as of 31-Mar-2023, while FIIs owned 42.16 per cent, DIIs 26.38 per cent.
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