IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 78926.51 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 9199.71 Crore, up 3.52 % from last quarter Total Income of Rs 8887.28 Crore and up .45 % from last year same quarter Total Income of Rs 9158.80 Crore. The bank reported net profit after tax of Rs 926.07 Crore in latest quarter.
Investment Rationale
Loan growth has been muted during the quarter, affected by regional lockdowns, resulting in subdued disbursements. Moreover, the second COVID wave has impacted collection efficiency, particularly in the MFI book, and would thus be a key monitorable in the near term. On the other hand, the deposit franchise is improving steadily, led by robust growth in retail deposits.
Promoter/FII Holdings
Promoters held 13.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 58.7 per cent, DIIs 14.8 per cent and public and others 13 per cent.
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