Earnings Alerts

IndusInd Bank (IIB) Earnings: 1Q Net Income Misses Estimates and NPA Rises

  • IndusInd Bank’s net income for the first quarter of 2024 was 21.5 billion rupees, which was below the estimated 23.32 billion rupees.
  • Gross non-performing assets increased to 2.02%, up from 1.92% in the previous quarter, against an estimate of 1.96%.
  • Provisions rose by 17% quarter-on-quarter to 10.5 billion rupees, higher than the estimated 10.38 billion rupees.
  • Analyst recommendations include 43 buys, 5 holds, and 1 sell.

Indusind Bank on Smartkarma

Analyst coverage of Indusind Bank on Smartkarma has been insightful, with Victor Galliano‘s report titled “Indian Banks Screener FYE24, Part 2: Bandhan and UBI added to the buy list” shedding light on the banking sector. In the report, Galliano highlights value plays like Bandhan and UBI being added to the buy list, along with established names like HDFC Bank and Baroda. The sentiment leans bullish as Galliano turns neutral from negative on SBI, emphasizing Bandhan as their top pick within the Indian banking segment.

Among the analysts on Smartkarma, Victor Galliano‘s research stands out for its comprehensive analysis and positive outlook on the sector, emphasizing specific opportunities within Indusind Bank‘s competitive landscape. With a focus on value and growth potential, Galliano’s report provides valuable insights for investors looking to navigate the Indian banking sector, especially in the context of emerging trends and market dynamics.


A look at Indusind Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.8

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

IndusInd Bank Limited, a Mumbai-based new generation bank, established in 1994, has received positive Smart Scores in several key areas. With a high score in Dividend and solid scores in Value and Growth, the bank is positioned well for long-term success. However, the slightly lower scores in Resilience and Momentum indicate areas that may need attention. The bank provides various banking and financial services, including wholesale banking, credit monitoring, risk management, and investment banking, across India and internationally in Dubai and London.

Looking ahead, IndusInd Bank’s strong performance in Dividend, Value, and Growth suggests a promising outlook for investors seeking income and potential growth. While the lower scores in Resilience and Momentum may pose some challenges, the bank’s diversified services and international presence could offer stability and growth opportunities in the long run. Investors may want to monitor how the bank addresses the areas of concern while capitalizing on its strengths to navigate potential market fluctuations and capitalize on emerging opportunities.


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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