- Indian Bank‘s net income for the fourth quarter is 29.56 billion rupees, surpassing estimates and marking a 31% increase year-on-year.
- Operating profit rises to 50.19 billion rupees, reflecting a 17% increase compared to the previous year, exceeding the consensus estimate.
- Gross non-performing assets stand at 3.09%.
- Provisions have decreased by 25% quarter-on-quarter to 7.95 billion rupees, lower than the expected 10.05 billion rupees.
- Interest income increased by 8.5% year-on-year to 158.56 billion rupees.
- Interest expenses increased by 10% year-on-year to 94.67 billion rupees, below the estimated 101.87 billion rupees.
- Other income sees a significant rise, totaling 27.43 billion rupees, up 21% year-on-year.
- The dividend per share is recorded at 16.25 rupees.
- Indian Bank has approved plans to raise up to 50 billion rupees through share sales.
- Additionally, the bank will raise up to 20 billion rupees through AT1/Tier 2 bonds.
- Market sentiment is strong with 11 buy ratings, 1 hold, and no sell recommendations.
A look at Indian Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
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
Indian Bank, a full-service bank under the ownership of the Government of India, is poised for a promising long-term future according to the Smartkarma Smart Scores. The bank received impressive scores across various key factors, showcasing a strong foundation for growth and stability. With high scores in Dividend and Momentum, Indian Bank indicates robust performance and investor confidence, positioning it favorably for sustained success.
Notable scores in Value, Growth, and Resilience further reinforce Indian Bank‘s standing in the financial landscape, reflecting a well-rounded approach to its operations. The bank’s strategic positioning in various services, including foreign currency banking and specialized overseas branches, highlights its commitment to catering to diverse customer needs while also ensuring resilience against market challenges. With a solid scoring profile, Indian Bank appears primed for continued growth and value creation in the evolving banking sector.
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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