Indian Bank (NSE: INDIANB)

Indian Bank Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	568,948	556,497	449,852	388,884	391,081	214,013
Interest Paid on Deposits	338,556	323,408	247,173	221,293	234,388	137,975
Net Interest Income	237,848	233,090	202,679	167,592	156,693	76,038
Net Interest Income Growth (YoY)	11.01%	15.00%	20.94%	6.96%	106.07%	8.39%
Gain (Loss) on Sale of Assets	-19.1	-19.1	1.7	30.5	-4.2	7.3
Gain (Loss) on Sale of Investments	13,172	13,172	2,961	12,916	16,965	8,797
Other Non-Interest Income	74,723	72,667	75,082	60,851	44,154	24,450
Total Non-Interest Income	87,876	85,820	78,045	73,797	61,114	33,255
Non-Interest Income Growth (YoY)	10.61%	9.96%	5.76%	20.75%	83.77%	75.82%
Revenues Before Loan Losses	325,724	318,909	280,724	241,389	217,807	109,293
Provision for Loan Losses	54,383	59,208	93,844	95,321	80,748	51,191
Revenue	271,341	259,702	186,880	146,068	137,059	58,102
Revenue Growth (YoY)	32.61%	38.97%	27.94%	6.57%	135.90%	34.76%
Salaries and Employee Benefits	95,045	93,199	75,789	67,384	64,116	24,783
Occupancy Expenses	14,240	14,240	13,537	14,626	14,504	7,261
Selling, General & Administrative	3,047	3,047	3,696	2,964	2,801	1,351
Other Non-Interest Expense	40,351	39,043	34,227	28,561	26,471	10,931
Total Non-Interest Expense	149,467	146,594	124,817	112,032	106,544	43,288
EBT Excluding Unusual Items	121,874	113,107	62,062	34,036	30,515	14,814
Pretax Income	121,874	113,107	62,062	34,036	30,515	14,814
Income Tax Expense	30,437	28,882	6,327	-7,406	-991	6,194
Earnings From Continuing Operations	91,437	84,225	55,735	41,442	31,506	8,620
Minority Interest in Earnings	-35.6	-31.1	-12.1	-23.8	-14.3	-6.9
Net Income	91,401	84,194	55,723	41,418	31,492	8,613
Net Income to Common	91,401	84,194	55,723	41,418	31,492	8,613
Net Income Growth	49.57%	51.09%	34.54%	31.52%	265.61%	126.59%
Basic Shares Outstanding	1,301	1,275	1,245	1,218	1,129	526
Diluted Shares Outstanding	1,301	1,275	1,245	1,218	1,129	526
Shares Change (YoY)	4.41%	2.38%	2.22%	7.88%	114.77%	9.49%
EPS (Basic)	70.28	66.03	44.74	33.99	27.88	16.38
EPS (Diluted)	70.28	66.03	44.74	33.99	27.88	16.38
EPS Growth	43.25%	47.58%	31.63%	21.92%	70.21%	106.96%
Dividend Per Share	-	12.000	8.600	6.500	2.000	-
Dividend Growth	-	39.53%	32.31%	225.00%	-	-
Effective Tax Rate	24.97%	25.54%	10.19%	-	-	41.81%

Source: S&P Capital IQ. Banks template. Financial Sources.