Indian Bank Q3 Results: PSU stock jumps 5% on strong profit, NII growth

Indian Bank Reported its Q3 earnings on Tuesday, posting a 35% year-on-year rise in net profit to ₹2,852 crore, compared to ₹2,119 crore in the same quarter last year.

The growth was supported by a 10.3% increase in net interest income (NII), which stood at ₹6,415 crore against ₹5,814 crore in Q3 FY24.

The bank’s asset quality strengthened, with gross non-performing assets (NPAs) reducing to 3.26% from 3.48% in the previous quarter, while net NPAs declined to 0.21% from 0.27%.

The PSU lender maintained strong margins, with its operating margin rising to 26.52% in Q3 from 25.45% a year ago. Meanwhile, the net profit margin improved to 15.92% from 13.16% YoY.

Investor sentiment remained positive following the results, driving the bank’s stock 5.56% higher to ₹543.25 on the BSE as of 1:37 PM, outperforming its sector. The bank has shown consecutive gains over two days, with a total return of 5.14%.

CSB Bank Q3 Results: Net profit flat, NII dips 2%; asset quality improves marginally

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