IndusInd Bank Q4 Results: PAT up by 21%

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The recent IndusInd Bank Q4 results ratified the financial outcomes for one of India’s largest private sector banks. IndusInd witnessed a 15% YoY upswing in Net Interest Income for Q4, reaching ₹5,376 crores, alongside a 2% QoQ growth. The Net Profit also soared by 15% YoY to ₹2,349 crores, while the year's Net Profit hit ₹8,977 crores, up by 21% over the previous year. The depositsRead more... swelled by 14% YoY to ₹3,84,586 crores. The bank’s digital platforms continue to drive superior customer engagement, with a notable increase in the monthly active user base and significant growth in registered users across various digital channels. IndusInd Bank's dedication to digital thriving showcases its strategic position in the industry. Read less

Data Points:

  1. Net profit: ₹8,977 crores; Up by 21% YoY
  2. Net Interest Income (NII):  ₹5,376; Up by 15% YoY 
  3. Quarterly Net Profit: ₹2,349; Up by 15% YoY vs Q4 FY’23
  4. Deposits:  ₹3,84,586 crores; Up by 14% YoY to


The Board of Directors of IndusInd Bank Limited sanctioned the financial outcomes for the Quarter/Year concluding on March 31, 2024, during their gathering in Mumbai on Thursday, April 25, 2024. The IndusInd Bank Q4 results show a 15% YoY surge in the bank’s Net Interest Income for the fourth quarter that ended on 31 March 2024 at ₹5,376 crores. This is also a 2% QoQ jump. The Net Interest Margin for the final FY 2024 quarter stood at 4.26%, compared to 4.28% in Q4 of FY 2023 and 4.29% in Q3 of FY2024.

ExploreIndusind Bank Share Price

IndusInd Bank Q4 Results: 5 Key Financial Highlights

  1. NII, Net Interest Income, for Q4, January to March 2024, was reported at ₹5,376 crores. This marks a whopping 15% YoY increase and a 2% QoQ growth.
  2. The Q4 Net Profit surged at 15% YoY to ₹2,349 crores, up from ₹2,043 crores.
  3. IndusInd Bank Q4 results show a substantial 21% increase in the Net Profit for the year, as the figures reached ₹8,977 crores, compared to the previous year's ₹7,443 crores.
  4. IndusInd's Balance Sheet footage surpassed the 5 trillion mark, reaching ₹5,15,094 crores.
  5. Deposits expanded by 14% YoY to reach ₹3,84,586 crores, up from ₹3,36,120 crores.

Additional Read: 129 Indian Companies to Release Q4 Results

IndusInd Bank Q4 Results: Profitability Analysis

IndusInd Bank boasts one of the highest profitability levels in the industry. With a robust financial performance, it stands out as a leader in generating significant returns, reflecting its strong operational efficiency and strategic positioning within the Indian banking sector. The bank displays a 4.26% Net Interest Margin at 4.26%, RoA at 1.90% and RoE at 15.23%. Their consolidated balance sheet shows a 28% growth in investments.  It was recorded at ₹106,486 crores in Q4 FY24, from ₹83,076 crores in the same quarter last year. 

Additional Read: Quarterly Results

IndusInd Bank Q4 Results: Major Financial Metrics


Q4 FY 24

Q4 FY 23


Q3 FY24 


Net Interest Income 

₹5,376  Cr

₹4,669 Cr


₹5,296  Cr


Other Income 

₹2,508  Cr

₹2,154  Cr


₹2,396  Cr


Operating Profit

₹4,081  Cr

₹3,758  Cr


₹4,042  Cr


Profit Before Tax

₹3,131 Cr

₹2,727 Cr


₹3,073 Cr


Profit After Tax

₹2,349  Cr

₹ 2,043 Cr


₹2,301 Cr


Capital & Liabilities

₹ 5,15,094 Cr

₹ 4,57,837 Cr


₹4,88,865 Cr


Digital Strength 

Digital platforms by IndusInd Bank persist in propelling superior customer engagement and transforming existing businesses. Through innovative digital solutions, the bank enhances interaction with customers, fosters seamless transactions, and revitalises traditional operations. Here’s how:

  1. Indus Mobile: 
    A notable 19% YoY increase in the monthly active user base witnessed robust engagement and growth. With 8.4 million registered users, IndusInd Bank continues to expand its digital footprint.
  2. Indus Merchant Solution:
    With 60,000 registered users, a significant 38% year-on-year surge, reflects remarkable growth and the appeal of the bank’s services among consumers.
  3. IndusInd Bank:
    Over 1.2 lakh registered users.
  4. Whatsapp:
    Over 8.5 million registered users.

Additional ReadAnnual Results

What the Future holds for IndusInd Bank?

IndusInd Bank achieved notable milestones in its digital expansion efforts. It acquired 2 lakh new clients through digital channels highlighting the bank's commitment to leveraging digital platforms for customer acquisition. Additionally, the bank witnessed a twofold increase in brand search volume, indicating heightened visibility and interest among consumers. Moreover, IndusInd Bank disbursed over ₹1000 crore in personal loans to new-to-bank customers acquired digitally. 


Since its foundation in 1994, IndusInd Bank has catered to the needs of individuals and corporates alike. The 5th largest bank maintains a disproportionately large distribution network, surpassing industry standards. This extensive reach through 2,984 banking outlets and branches, enhances accessibility for its 39 million customers across diverse regions. It helps the bank reinforce its market presence and facilitate efficient service delivery.

IndusInd Bank also demonstrated its strength in effectively serving and meeting the financial needs of a digitally savvy customer base. The achievements highlight the bank's success in harnessing digital technology to drive growth, enhance brand presence, and cater to evolving consumer preferences in the digital age.

Results for the Fourth Quarter and Full Year Ended March 31, 2024

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Frequently Asked Questions

As per the IndusInd Bank Q4 results, what is the PPOP?

Answer Field

The Pre-Provision Operating Profit (PPOP) for the FY 2024 amounted to ₹15,864 crores. This marked a rise over the previous year's figure of ₹14,419 crores.

Was there an increase in the Bank’s Net Interest Income?

Answer Field

The Net Interest Income for FY2024, rose to ₹20,616 crores which reflects a 17% increase from the previous year's figure of ₹17,592 crores.

What is Profit after Tax (PAT) for IndusInd Bank as per IndusInd Bank Q4 results?

Answer Field

The bank’s PAT saw a 15% growth in Q4. it was recorded at ₹2,349 and ₹2,043 crores in FY24 and FY23 respectively.

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