Buy IndusInd Bank; target of Rs 1800: Prabhudas Lilladher

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Prabhudas Lilladher's research report on IndusInd Bank

IIB's earnings saw strong beat with PAT of Rs14.3bn (PLe: Rs10.6bn) mainly due to lower provisions than expectations and better NII growth. Core IIB was slightly looked weaker on NII translated by slightly slower loan growth. Most metrics like CI & asset quality improved with stressed assets at 1.7% of loans & SMA-2 at 17bps of loans. Some merger synergies are yet to play out on funding costs, liabilities accretion & RWA efficiency while MFI & biz banking reclassification has improved balance of book towards consumer. Bank is well positioned with return ratios of 17-18% ROE although any re-rating will need clear visibility on asset quality.

Outlook

We maintain BUY with TP of Rs1,800 (unchanged) based on 2.9x FY21 ABV.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More