- Net Income: 24 billion rupees, which is a 40% increase year-over-year. The estimate was 22.87 billion rupees.
- Operating Profit: 45 billion rupees, up 8.8% year-over-year. The estimate was 43.6 billion rupees.
- Gross Non-Performing Assets: 3.77%, improved from 3.95% quarter-over-quarter. The estimate was 3.7%, based on two estimates.
- Provisions: 8.96 billion rupees, a 0.3% decrease quarter-over-quarter. The estimate was 13.35 billion rupees.
- Interest Income: 150.4 billion rupees, up 15% year-over-year. The estimate was 150.03 billion rupees.
- Interest Expense: 88.6 billion rupees, a 21% increase year-over-year. The estimate was 88.34 billion rupees.
- Other Income: 19.1 billion rupees, a 12% increase year-over-year.
- Analyst Ratings: 8 buys, 3 holds, and no sell recommendations.
A look at Indian Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using Smartkarma’s Smart Scores indicate a positive long-term outlook for Indian Bank, with high scores in Value and Dividend factors. This suggests that the company is considered to have strong fundamentals and is providing steady returns to its investors through dividends.
While the Growth score is favourable, the Resilience and Momentum scores are average. This implies that Indian Bank may face some challenges in terms of withstanding market fluctuations and maintaining a strong growth trajectory. Overall, the bank’s stability and value proposition are key strengths according to the Smart Scores analysis.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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