Q4 Results highlights: All issues duly identified and addressed, says IndusInd Bank; names for CEO role by June 30

Oil India on Wednesday reported a 35.83 percent decline in consolidated net profit at Rs 1,496.97 crore for quarter ended on March 31, 2025, compared to Rs 2,332.94 crore in the year ago period, the company said in a stock filing.

It had reported a net profit of Rs 1,457.20 crore in the previous quarter.

Revenue from operations in Q4FY25 was Rs 9,587.82 crore, 5.6 percent lower than what it registered in the corresponding period a year ago. It stood at Rs 9,089.14 crore in the previous quarter.

Additionally, the board of directors recommended a final dividend of Rs 1.5 per equity share.

IndiGo, the largest airline in India, on May 21 said that around 34 international routes that it currently operates are being impacted due to the Pakistan airspace closure while flights to two international destinations have been stopped completely.

"We have two international stations being cancelled at the moment. So out of the total of 41 (international destinations IndiGo serves with a direct connection), two have been cancelled. And there's a number of around 34 routes where the average flying time has increased in the range of 20 minutes," IndiGo's Chief Executive Officer Pieter Elbers said in a press conference after announcing Q4 FY25 results of InterGlobe Aviation. Read More

Private sector lender IndusInd Bank on May 21 reported a net loss of Rs 2328.92 crore in the fourth quarter of the financial year 2024-25, much higher than the analyst estimate of Rs 304 crore met loss polled by Moneycontrol, compared to a net profit of Rs 2,349 crore in Q4FY24.

This is first earnings report by the lender after it uncovered major accounting discrepancies and has been under scrutiny due to multiple audits and top-level resignations. Read more

Mankind Pharma on Wednesday reported a 10% year-on-year (YoY) decrease in net profit to Rs 429 crore in Q4 FY24, attributed to one-time costs related to the integration of BSV.

Revenue from operations for Q4FY25 surged by 27.1% YoY to Rs 3,079 crore. The adjusted EBITDA margin for Q4FY25 was 23.1%, down 120 basis points YoY.

The company has a net debt of Rs 5,784 crore, which translates into net debt to adjusted EBITDA ratio of 1.8x. Read more

IndusInd Bank: All issues have been duly identified and duly addressed and declared and shared with all stakeholders, the chairman.

IndusInd Bank of May 21 said it will continue to be cautious on microfinance. "The bank will scale secure retail and MSME assets, be selective in corporate space, ramp up in retail liabilities. As far as the entire process of accountability is concerned, we will follow without fear and favour the due process of law, said the lender's chairma.

IndusInd Bank Chairman: The incoming CEO will have an advantage of clean slate. The CEO should have the capabilities scale this foundation. The person should should have a strong ethical foundation with track record of execution and leveraging evolving technology and customer preferences.

IndusInd Bank: The balance sheet continues to be robust, with healthy capital adequacy, provision coverage and liquidity levels.

IndusInd Bank chairman in a statement on May 21 acknowledged that the lapses that have happened are not expected from a 'bank like us'.

IndusInd Bank's Soumitra Sen: LCR- 118%, average surplus liquidity of Rs 39,600, Gross NPA of MFI book hits an all time high of 13.18%

During Q4, bank has let go some corporate loans for balance sheet management and liquidity purposes, said IndusInd Bank's Soumitra Sen.

Moreover the audit report said, "ING we balance trade derivative accounting under the head other assets amount to Rs 1,959.98 cr being accumulated notional profit since FY15-q16 have been written off as prior period item in current FY."

IndusInd Bank audit report: “Basis of revaluation of the findings in the above reports in particular the likely involvement of senior bank officials including former KMP in overriding key internal control across the aforesaid functions/ areas and a concealment from the board and statutory auditors of the wrongful accounting practices adopted over such period of time as indicated in the respective investigation/ review reports."

Soumitra Sen, head - consumer banking & marketing, IndusInd Bank: We refrain from selling NPAs to ARCs in Q4 and focused on collection on our own

IndusInd Bank conference call: The board is in advance stage in selection process and will submit the recommendations of CEO names to RBI

IndusInd Bank of May 21 said it plans to start the new financial year (FY26) on a 'clean slate' without any past issue.

IndusInd Bank on May 21 reported a net loss of Rs 2,329 crore in the March quarter of FY25, reversing from a profit of Rs 2,349.15 crore in the same period of the previous financial year, the lender said in a statement.

The bank had reported a net profit of Rs 1,402.33 crore in the December quarter.

IndusInd Bank's internal audit department on May 20 said that Rs 172.58 crore was incorrectly recorded as fee income in MFI business over three quarters and reversed in Q4FY25.

"We have received reports of investigations carried out by external professional firm and the lender's Internal Audit Department (IAD). Reports relate to accounting of derivative trades, unsubstantiated balances in 'other assets' and 'other liabilities' accounts."

IndusInd Bank: We have appropriately accounted for and reflected the impact of all discrepancies while finalizing financial results.

IndusInd Bank: Board has directed necessary steps under applicable law, including reporting to regulatory authorities and investigative agencies

Board suspects occurrence of fraud and involvement therein of certain employees having a significant role in accounting and financial reporting, IndusInd Bank said in a statement on May 21.

Mankind Pharma reported a net profit of Rs 425 crore for the for the fourth quarter of the financial year 2025. This marks a drop of nearly 10% from the Rs 472 crore net profit reported in the corresponding quarter of the previous financial year. Its revenue from operations meanwhile rose to Rs 3,079 crore.

Rail Vikas Nigam Limited (RVNL) reported a net profit of Rs 459 crore for the for the fourth quarter of the financial year 2025. This marks a drop of nearly 4% from the Rs 478 crore net profit reported in the corresponding quarter of the previous financial year. Its revenue from operations meanwhile dropped 4% YoY to Rs 6,427 crore.

Along with the Q4 results, the firm announced a final dividend of Rs 1.72 per equity share for the FY25.

Colgate Palmolive reported a net profit of Rs 355 crore for the for the fourth quarter of the financial year 2025. This marks a drop of nearly 6.5% from the Rs 379.82 crore net profit reported in the corresponding quarter of the previous financial year.

Along with the Q4 results, the firm announced a dividend of Rs 27 per equity share for the FY25. It set May 28 as the record date to determine the eligibility of the shareholders set to receive the payment.

Along with the Q4 FY25 results, IRCON International announced a final dividend of Rs 1 per equity share.

IRCON International reported a net profit of Rs 210.85 crore for the for the fourth quarter of the financial year 2025. This marks a drop of nearly 14.5% from the Rs 246.84 crore net profit reported in the corresponding quarter of the previous financial year. Revenue from operations meanwhile fell nearly 9% YoY to Rs 3,412 crore.

IndiGo CEO Pieter Elbers said that 40 aircraft of the airline are still grounded due to the issues with Pratt & Whitney (P&W) engines. The parent company of Pratt & Whitney, RTX Corp, had in September 2023 announced that about 600-700 engines would be recalled for shop visits through 2026, after the turbine engine used on new Airbus A320neo models were founded to be manufactured with flawed components. This caused the grounding hundreds of aircraft and affect nearly the entire fleet of GTF-powered Airbus A320neos since September 2023.

IndiGo CEO Pieter Elbers said that 170 IndiGo flights were cancelled for a week in May 2025, due to the India-Pakistan conflict. "We are seeing domestic air passenger traffic slowly returning to the all the 32 domestic airports that were closed in the start of May 2025," he said after the release of Q4 results. "IndiGo has cancelled flights to two international destinations due to Pakistani airspace closure," he added.

Elbers noted that nearly 30 international routes operated by IndiGo are facing extended flight times due to the Pakistan's airspace closure.

Along with the Q4 FY25 results, IndiGo announced a dividend of Rs 10 per equity share. The dividend will be paid to the eligible shareholders within 30 days from the company’s AGM, which is scheduled on August 20. The airline said that August 13 has been set as the record date to determine the eligibility of the shareholders set to receive the payment.

IndiGo parent InterGlobe Aviation has reported a net profit of Rs 3,073 crore for the for the fourth quarter of the financial year 2025. This marks a surge of nearly 62% from the Rs 1,893.9 crore net profit reported in the corresponding quarter of the previous financial year. Revenue from operations meanwhile rose nearly 24% YoY to Rs 22,152 crore.

The shares of NTPC Green Energy sharply jumped over 2% to trade at Rs 105.65 apiece after the company reported a 188% on-year surge in net profit to Rs Rs 233 crore for the fourth quarter of the financial year 2025.

NTPC Green Energy reported a net profit of Rs 233 crore for the fourth quarter of the financial year 2025. This marks a surge of nearly 188% from the Rs 80.95 crore net profit reported in the corresponding quarter of the previous financial year. Revenue from operations meanwhile rose nearly 22% YoY to Rs 622 crore.

The shares of Power Finance Corporation (PFC) jumped nearly 3 percent to trade at Rs 417.50 apiece. The sharp rise in the share price comes after the company reported a 11% YoY rise in net profit to Rs 8,358 crore for Q4 FY25. Its net interest income (NII) meanwhile rose 41% YoY to Rs 12,681 crore during the quarter under review.

The company recommended a final dividend of Rs 2.05 per equity share on the face value of the paid-up equity shares of Rs 10/- each for the FY 2024-25 subject to approval of shareholders in the ensuing Annual General Meeting.

"This is in addition to the interim dividends of Rs 13.75 per equity share for the FY 2024-25 already declared and paid during the year in four tranches. The final Dividend, if declared, will be paid within the statutory period of 30 days from the date of approval in ensuing AGM," the company said in an exchange filing.

The consolidated net interest income (NII) grew 41 percent to Rs 12,681 crore, against Rs 8,987.7 crore year-on-year (YoY).

Power Finance Corporation (PFC) net profit grows 11 percent to Rs 8,358 crore from Rs 7,556.4 crore in the same period, a year go.

The shares of Rail Vikas Nigam Limited (RVNL) dropped over 1% to trade at Rs 410.85 apiece. The company is scheduled to release its results for the January-March quarter today.

IndusInd Bank shares dropped 2.36% to trade at Rs 763.80 apiece. The lender is scheduled to release its results for the January-March quarter today.

The shares of IndiGo parent InterGlobe Aviation were trading in the red with marginal losses at Rs 5,431.50 apiece. The airline is scheduled to release its results for the January-March quarter today.

IndiGo parent InterGlobe Aviation Ltd reported a net profit of Rs 2,449 crore for Q3 FY25, falling as much as 18 percent from Rs 2,998 crore a year ago, despite continued demand for air travel. The robust profit in the base quarter was due to the major festival season travel falling during the October-December quarter in the previous year, unlike this year.

InterGlobe Aviation's revenue for the fiscal third quarter surged 14 percent to Rs 22,111 crore against Rs 19,452 crore in the same period previous year, driven by a 12 percent increase in available seat kilometers (ASK) and a 13.5 percent rise in revenue passenger kilometers (RPK). The load factor improved by 1.2 percentage points to 86.9 percent.

Analysts will be closely monitoring deposit mobilisation trends, changes in the marginal cost of funds, the aftermath of the derivative accounting issues, and developments in the MFI portfolio.

The bank recently disclosed that Rs 674 crore had been mistakenly booked as interest income across three quarters of FY25. This follows its earlier admission on March 10 about irregularities in its derivative portfolio, expected to impact 2.35 percent of its net worth as of December 31, 2024. (Read more)

Here's a preview of IndusInd Bank's March quarter earnings:

IndusInd Bank, already under scrutiny due to multiple audits and top-level resignations, is expected to post a weak financial performance for the March quarter (Q4FY25), weighed down by recently uncovered accounting discrepancies.

According to Moneycontrol's poll of 6 brokerage estimates, the bank’s net interest income (NII) is likely to dip 4.5 percent year-on-year to Rs 5,132 crore in Q4FY25, compared to Rs 5,376 crore in the same period last year. More alarmingly, the bank is expected to swing to a net loss of Rs 304 crore in Q4FY25 from a net profit of Rs 2,347 crore in Q4FY24.

IndusInd Bank shares dropped 1.12% to trade at Rs 773.25 apiece. The lender is scheduled to release its results for the January-March quarter today.