Indian Bank Q4FY25 Result Analysis

Indian Bank is an Indian Public Sector Bank. The Bank has 5901 domestic branches (including 3 DBUs), out of which 1992 are Rural, 1555 are Semi-Urban, 1182 are Urban & 1172 are in Metro category. The Bank has 3 overseas branches & 1 IBU (Gift City Branch). The Bank has 5268 ATMs & BNAs and 14667 Business Correspondents (BCs). The bank offers deposit products, including savings bank and current accounts, term deposits, and non-resident Indian (NRI) accounts. It also provides agriculture, MSME, corporate, online, home, mortgage, vehicle, personal, educational, and jewel loans.

Result Analysis:  Indian Bank  (CMP: Rs. 571)

Result Update: Q4FY25

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Financial Performance:

Shareholding Pattern:

Particulars (In %)	Q4FY25	Q4FY24
Promoters Group	73.84	73.84
FIIs	4.89	5.42
DIIs	17.78	16.95
Public and Other	3.5	3.79

Management Commentary:

• The banks has announced Rs 16.25 per share dividend.
• It has also approved fund-raising plans amounting to ₹12,000 crore, including: ₹5,000 crore of equity capital via QIP, FPO, rights issue, or a combination thereof; ₹2,000 crore through the issuance of Basel III-compliant AT-1 perpetual bonds or Tier-2 bonds in one or more tranches; and ₹5,000 crore via infrastructure bonds.

Outlook:

Indian Bank has shown robust financial performance in Q4FY25, with strong growth in profit, improved asset quality, and a healthy capital adequacy ratio of 17.94%. Advances and deposits posted steady YoY and QoQ growth, reflecting business momentum. The bank’s focus on strengthening its capital base through a ₹12,000 crore fund-raise and the announcement of a ₹16.25 dividend per share signal confidence in its growth trajectory. Continued improvement in NIMs and asset quality positions the bank well for future expansion. The Bank reported an EPS of ₹81.06 in FY25, and the stock is currently trading at a P/E of 7.04x and P/B of 1.27x.

Standalone Results:

Particulars (In Rs. Cr.)	Q4FY25	Q4FY24	Q3FY25	YoY%	QoQ%	FY25	FY24	YoY%
Interest Earned	15855.89	14624.49	15759.46	8.4	0.61	62002.16	55614.78	11.5
Other Income	2743.27	2262.53	2152.57	21.2	27.44	9223.48	7866.72	17.2
Total Income	18599.16	16887.02	17912.03	10.1	3.84	71225.64	63481.5	12.2
Operating Expenses	13580.49	12582.04	13162.61	7.9	3.17	52227.44	46641.95	12
Operating Profit Before Prov. & Cont.	5018.67	4304.98	4749.42	16.6	5.67	18998.2	16839.55	12.8
Provisions & Contingencies	794.6	1247.75	1059.13	-36.3	-24.98	4211.27	5888.41	-28.5
EBT	4224.07	3057.23	3690.29	38.2	14.46	14786.93	10951.14	35
Provision for Taxes	1268	810.23	837.93	56.5	51.33	3868.64	2888.2	33.9
Net Profit	2956.07	2247	2852.36	31.6	3.64	10918.29	8062.94	35.4

Segmental Revenue:

Particulars (In Rs. Cr.)	Q4FY25	Q4FY24	Q3FY25	YoY%	QoQ%	FY25	FY24	YoY%
Treasury Operations	4419.15	4307.54	3918.15	2.6	12.8	17176.79	15616.08	10.0
Corporate / Wholesale Banking	6010.91	5899.29	5896.29	1.9	1.9	23857.74	22165.82	7.6
Retail Banking	7743.12	7465.33	6840.17	3.7	13.2	29125.71	24927.68	16.8
a) Digital Banking Segment	0.19	0.38	0.11	-50.0	72.7	1.3	0.18	622.2
b) Other Retail Banking Segment	7742.64	7464.95	6840.06	3.7	13.2	29124.41	24927.5	16.8
Other Banking operations	425.98	239.87	232.41	77.6	83.3	1065.4	771.92	38.0

Source: Company website, EWL Research

 

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