Interim report
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Solitaire Corporate Park Office: IndusInd Bank Limited, Building No.7, Ground floor, Solitaire Corporate Park, Andheri –Ghatkopar Link Road, Chakala Andheri (E), Mumbai – 400 093, India, Tel: (022) 66412442 Registered Office: 2401 Gen. Thimmayya Road, Pune 411001, India Contact us:(020) 2634 3201| Email us: reachus@indusind.com | Visit us:www.indusind.com CIN: L65191PN1994PLC076333 July 28, 2025 National Stock Exchange of India Limited (Symbol: INDUSINDBK) BSE Limited (Scrip Code: 532187) Luxembourg Stock Exchange Madam/ Dear Sir, Sub.: Outcome of the meeting of Board of Directors of IndusInd Bank Limited (“the Bank”) for approval of the Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2025 Ref.: Regulations 30, 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) In accordance with the Regulations 30, 33 and 52 of SEBI Listing Regulations, we notify that the Board of Directors of the Bank (“ the Board” ), at its me eting held today i.e. July 28, 2025 at Mumbai, has approved the Un audited Consolidated and Standalone Financial Results for the quarter ended June 30, 2025. The Board also took note of the 'Limited Review Report' issued by the Bank's Joint Statutory Auditors, M/s. M S K A & Associates, Chartered Accountants and M/s. Chokshi & Chokshi LLP, Chartered Accountants. We enclose herewith copy of the Unaudited Consolidated and Standalone Financial Results of the Bank for the quarter ended June 30, 2025 and the said Limited Review Report. The Board Meeting commenced at 2.10 p.m. (IST) and concluded at 4.22 p.m. (IST). This intimation is also being uploaded on the Bank’s website at www.indusind.com. We request you to take the information on record. Thanking you, Yours faithfully, For Induslnd Bank Limited Anand Kumar Das Company Secretary Encl: a/a
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MSKA&Associates Chartered Accountants 602, Floor 6, Raheja Titanium Western Express Highway Geetanjati Railway Cotony Ram Nagar, Goregaon (E) Mumbai - 400 063 Chokshi & Chokshi LLP Chartered Accountants 15/17, Raghavji'B' Btdg., RaghaYji Road, Gowatia Tank, Off Kemps Corner, Mumbai - 400 036 LLP Registration No. AAC-8909 2 lndependent Auditors' Limited Review Report on Unaudited Consolidated Financial Results of lnduslnd Bank Limited for the quarter ended June 30, 2025 pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of lndia (ListinS Obligations and Disclosure Requirements) Regulations, 2015, as amended To, The Board of Directors lnduslnd Bank Limited We have reviewed the accompanying statement of unaudited consotidated financiaI results of lnduslnd Bank Limited (the 'Bank') and its subsidiary (the Bank and its subsidiary together referred to as 'the Group'), and its share of the net profit after tax of its associate for the quarter ended June 30, 2025 (the'Statement'), being submjtted by the Bank pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of lndia (Listing Obtigations and Disctosure Requirements) Regutations, 2015, as amended (the 'Listing Regutations') except for the disctosures retating to consotidated Pittar 3 as at June 30, 2025, jnctuding teverage ratio, tiquidity coverage ratio and net stable funding ratjo under Basel lll Capital Regutations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Note 7 to the Statement and have not been reviewed by us. we have initiatted the Statement for identification purposes only, This Statement, which is the responsibitity of the Bank's Management and has been approved by the Bank's Board of Directors, is prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 'lnterim FinanciaI Reporting' ('As 25'), prescribed under Section 133 of the Companies Act, 2013 read wjth retevant rutes issued thereunder, in so far as they appty to the Banks, the retevant proYisions of the Banking Regutation Act, 1949, the circutars, guidelines and directions issued by the Reserve Bank of lndja (the 'RBl') from time to time (the 'RBl Guidetines') and other accounting principles generatty accepted in lndia and in comptiance with the Listing Regutations. Our responsibitity is to express a conctusion on the Statement based on our review. we conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of lnterim Financia[ lnformation Performed by the lndependent Auditor of the Entity', issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we ptan and perform the review to obtain moderate assurance as to whether the Statement is free of materiat misstatement. A review of interim financial information consists of making inquiries, primarity of persons responsible for financial and accountjng matters, and apptying anatyticat and other review procedures. A review is substantialty tess in scope than an audit conducted in accordance with Standards on Auditing and consequentty, does not enabte us to obtain assurance that we woutd become aware of att sjgnificant matters that might be identified in an audit. Accordingty, we do not express an audit opinion. l &4 w \{100015 l o<. b b C |,) o Page 1of3 1
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MSKA&Associates Chartered Accountant Chokshi & Chokshi LLP Chartered Accountants We also performed procedures in accordance with the circutar issued by the Securities and Exchange Board of lndia under Regutation 33(8) of the Listing Regutations, as amended, to the extent appticab(e. 4. The Statement includes the results of the foltowjng entities Sr. No Name of the Entity Relationship I lnduslnd Bank Limited Hotding Company 2 Bharat FinanciaI lnclusion Limited Subsidjary 3 lnduslnd Marketing and Financial Services Private Limjted Associate Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consjderation of the review reports of the other auditors referred to in paragraph 6 betow, nothjng has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance wjth the recognition and measurement principtes laid down AS 25 prescribed under Section 133 of the Companjes Act, 2013 read with relevant rutes issued thereunder, RBI Guidetines and other accounting principtes generatLy accepted in lndia, has not disctosed the jnformation required to be disctosed in terms of the Ljsting Regutations, jnctuding the manner jn which it is to be disctosed or that it contains any materiat misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, proMsioning and other retated matters, except for the disctosures relating to consolidated Pittar 3 disctosure as at June 30, 2025, inctuding teverage ratio, tiquidity coverage ratio and net stable funding ratio under Basel lll Capital Regutations as have been disctosed on the Bank's websjte and in respect of which a tink has been provided in the Statement and have not been reviewed by us. We did not review the interim financjat results of one subsidiary included in the Statement, whose interim financiat resutts reftect totat revenues of Rs. 60,770 takhs (before consotidation adjustments) and totat net loss after tax of Rs. 8,020 takhs (before consotidation adjustments) for the quarter ended June 30, 2025 as considered in the Statement. The Statement atso inctudes the Group's share of net profit after tax of Rs. 2 takhs for the quarter ended June 30, 2025 as considered in the Statement, in respect of one associate, whose interim financial resutts have not been reviewed by us. These interim financiat results have been revjewed by other audjtors whose reports have been furnished to us by the Management of the Bank and our conctusion on the Statement, in so far as it retates to the amounts and disctosures inctuded in respect of this subsidiary and associate, js based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conctusion on the Statement is not modified in respect of this matter. We draw attention to Note 9 to the Statement which states that the Bank has initiated the process of disciptinary action against the persons invotved in the discrepancies and irregutarities mentioned in aforesaid note and its retated impucations, that may arise therefrom. Our conctusion on the Statement is not modified in respect of this matter' 6 7 &4s.t Page 2 of3 5. 4t-
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MSKA&Associates Chartered Accountant Chokshi & Chokshi LLP Chartered Accountants 8 FoTMSKA&Associates Chartered Accountants lCAl Firm's Registration No.: 105047w For Chokshi ft Chokshi LLP Chartered Accountants lCAl Firm's Registration No: 101872W / w100045 {* Tu5har Kurani Partner lJ; Vineet Saxbna Partner Membership No.:'100770 UDIN: 251007708MIQUw6243 Membership No.:'118580 UDIN: 251 1858oBMOHzF4'148 Ptace: Mumbai Date; Juty 28, 2025 Place: Mumbai Date: Juty 28, 2025 FRN 101872W vJ100045 * o b: s C H vo Page 3 of 3 The unaudited consotidated financjat resutts of the Bank for the quarter ended June 30, 2024 were revjewed by one of the current joint statutory auditors and predecessor joint statutory auditors and they expressed an unmodified conctusion on these consotidated financiat resutts vide thejr report dated July 26,2024, Our conctusion on the Statement is not modified jn respect of this matter.
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lnduslnd Bank t z 2,401, Ge* Thimmayya Road, Cantonment, Pune 411 001 CIN : L65l9lPNl994PLC076333 Unaudited Consolidated Financial Results for the quarter eniled Jure30,2025 (Rs. in lakhs) Regd. Quarter ended 30.06.2025 (unaudited) Quarter ended 31.03.2025 (audited) (Refer note 6) Quarter ended 30.06.2024 (unaudited) Year endeil 31.03.2025 (audited)ParticularsSr. No. 1063384 1254677 48667661226388I Interest Earned (i)+(ii)+(iii)+(iv) 833982 1035197 39s9lt5965056(i) Interest / Discount on Advances / Bills 766303189437 199796 18023 I(iD Income on Investments 34429 t2066t57230 24225 (iir) Interest on balances with Reserve Bank oflndia and other inter-bank funds 538 I 4820 2068714665(iv) Others 769044215692 70883 244t6t2 Other Income 1134267 r498838 56358r014420803 Total Income (l+2) 2963635762406 7 58551 t 139144. Interest Expended 424804 389744 1606035Operating Expenses (i)+(ii) 4229425 ts8323 663340180527 t7 5169(i) Employees Cost 9426952424t5 249635 231421(ii) Other Operating Expenses 4569670I 185348 I 183355 I r03658 6. Total Expenditure Excluding Provisions and Contingencies (4+5) -49088 395 r 80 t066t4/)256732 7 Operating Profit before Provisions and Contingencies (3-6) 7 13s65t7 5999 252208 1049848 Provisions (other than tax) and Contingencies Exceptional items 35257580733 -301296 290196 r0. Profit (+) / Loss (-) from Orrlinary Activities before Tax (7-8-9) 20328 -68404 73124 95034ll Tax Expense 60405 -232892 217072 257541 Net Profit (+) / Loss (-) from Orilinary Activities after Tax (10-ll) 12. 13 Extraordinary items (net oftax expense) 604lDs -232892 217072 25754114. Nct Profitbefore share ofAssociate (12-13) 5 7 13215 Share in profit/(loss) ofAssociate 6041.J7 -232887 217079 257554t6 Net Profit (+) / Loss (-) for the period (14+15) 77905 77873 7790577906 t7 Paid up Equity Share Capital (Face Value: Rs.10/- each) 637669218 Reserves excluding revaluation reserves 19. Analytical Ratios (i) Percentage ofshares held by Government oflndia r6.24t6.63 16.24 I 7.55(ii) Capital Adequary Ratio (%) - Basel III 15.48 15.10 16.1 5 15.10(a) CET l Ratio (iii) Earnings per share (EPS) - (Basic and Diluted) (B;.) 27.89 33.077.75 -29.90 (a) Basic EPS for the period/year before Extraordinary items (not annualized) -29.897.75 7.75 -29.90 27.89 27.85 33.07 33.05 (b) Diluted EPS for the period/year before Extraordinary items (not annualized) Basic EPS for the period/yer after Extraordinary items (not annualized) -29.89 27.85 33.057.75 (iv) Diluted EPS for the period/year after Extraordinary items (not annualized) NPA Ratios 11046391248056 1104639 712680(a) Gross NPA 372152 328714 209547 3287 14NetNPA 3.133.64 3. l3 2.02(b) Gross NPA (%) t.t2 0.95 0.60 0.9sNetNPA (%) 1.70 0.490.45 (1.74)(v) Return on Assets (%) (annualized) 6296077 6253t97 638 I 539 6253197(vi) Net Worth (Refer Note l1 a) (vii) Outstanding Redqepablp Preference Shares \(viii) Capital Rede-#ffiln ffi 0.48 0.73 0.58 0.73p"rteql]iffi@€t$fiJt ut(ix) 0.100 10 0.10 0.08rotalDebJ&,fdral assetlh$Dl Note 11 c)(") 101 .w1 TECORPORA OFF,CE ao * tr\* 9.
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lnduslnd Bank Regd. Office : 24OL, Gen. Thimmayya Road, Cantonment, Pune 411 001 CIN : L65191PN1 994PLC076333 Consolidated Segment Reporting for the quarter eniled Ju,,,ie 30, 2O25 Rs. in LakhsBusiness Segoentst Quarter ended 3r.03.2025 (audited) Quarter ended 30.06.2024 (unaudited) Year ended 31.03.2025 (audited) Quarter ended 30.06.2025 (unaudited) Particulars (a) Seegment R€venue l 737030305342 5767 1 21 01 81reasury O 31 1s45 308132 7278879281035 94880s 836122 1_0639tJ9 3997615:rng 68784 28975174046 76352a 759770 995125 3707858t 87 4759 1707 5396Business 376 1 538 t535558 1206876 1583929 6018920Total Items ) to (iv) l 3831 1093478 77609 8509 1Revenue 1134267 r498838 56358r0Total Income t4ciL080 (b) Sregment Results ; 1t7716 -145723 1473 -8933 1 96156 31392040244 37884 73045 309066 893454118347 104588ianking 10805 1.8742 2s2s0a 54303 283816 788866b 107542 732455 223 532ng Business -3457r q7227 ttt9367Total Items ) to (iv) l 270362 Add: Unallocated Revenue 14517 r2047 5322713630 t066t4/J256732 ,49088 395r80 104984 71356517 5999 2s2208Prousions & -301296 290196 352575Net Profit before tax 80733 20328 -68404 73124 95034Taxes / Loss -232892 2r7072 257541Net Profit before share of associate 60405 2 5 1 13/ loss of Associate -232887 217079 25755460407Net Profit rer Information !(c) oth Sesment Assets i 1985408 1319415213343091 73794152 132339t5 73614752 732339t5ii) Corporate / Wholesale Banking 1.317 4415 258807s225044403 25880752 25427906Retail ng 80812s 94354092393s 9$s4Aa) Digital Banking 24120468 24937212 24619781. 24937212b) Other Retail Banktng Other ng Business 198844r 25018912393255 2501891Unallocated Assets 55410710 530r6s07 554107r05395924Total Assets Sesment Liabilities 441.3205 5434165s270899 5434165 1 3595568 13169168 1 3595568ii) CorDorate / Wholesale Banking 1225s33t 27819051 26983412 2781905127786633iii) Retail Banking 3441942 3556848 3799201 3556848a) Dieital Banking 23784211 2426220324344691 24262203b) Other Retail Banking iv) Other Banking Busrness 20783s82090848 2078358 1892899Unallocated Liabilihes 6557823 6483568655r5r3 6483s68Capital & Other Reserves 53955224 55410710 53016507 55410710Total Liabilities 1) Business Segrnents have been identified and reported taking rnto account the target customer profile, the nature oI products and services, the differing nsks and retums, the organisation structure, the intemal buslness reporting system and the guidelines prescribed by the RBI. 2) RBI's Master Direction on Frnancial Statements - Presentation and Disclosures, requires to sub-divide 'Retail bankrng' into (a) Digital Banking (as defined in RBI crcular on Establishment of Digttal Banking Units dated Apttl 7 , 2022) and (b) Other Retail Banking segment.Accordingly, the segmental results for retail banking segment for Ql-2026 is subdivided. ';:ll - rAl-e - ," ", : Notes to Segment Results :- t ,U) \< ,o l- itT t ) ) * erations erations Add:
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lnduslnd Bank 4 Notes: i The consolidated hnancial results represents the financial results of Induslnd Bank Limited ('the Bank'), Bharat Financial Inclusion Limited ('BFIL'), a wholly owned subsidiary, and Induslnd Marketing and Financial Services Private Limited (IMFS'), an Associate of the Bank. 2 The Bank has applied its significant accounting policies in the preparation of the Frnancial results for the quarter ended June 30, 2025 ('the financial results'), which are consistent with those followed in the annual financial statements for the year ended March 31,2025. 3 The financial results have been arrived at after considering provision for standard asses, inciuding provision for exposures to entities with Unhedged Foreign Currency Exposure, non-performing assets (NPAs), depreciation on investments, income-tax and other usual and necessary provisions. The financial results have been reviewed by the Audit Commiftee and subsequently taken on record and approved by the Board of Directors at their respective meetings held on July 28, 2025. The financial results were subjected to limited review by the current Joint Statutory Auditors of the Bank (M S K A & Associates, Chartered Accountants and Chokhi & Chokhi LLP, Chatered Accountants) and they have issued an unmodified conclusion in their review report thereon. The financial results for the quarter ended June 30, 2024 were subjected to limited review by the Joint Statutory Auditors ofthe Bank (1r4.P.Chitale & Co., Chartered Accountants and M S K A & Associates, Chartered Accountants) on which they had issued an unmodifi.ed conclusion in theh review report. 5 The financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 ofthe Act read with relevant rules issued thereunder, the relevant provisions ofthe Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ('the RBI') fiom time to time ('RBI Guidelines') and other accounting principles generally accepted in India, and is in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52 read with Regulation 63 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended including relevant circulars issued by the SEBI from time to time. 6 The figures for the quarter ended March 31 , 2025 are the balancing figures between the audited figures in respect of the financial year 2024-25 ar,d the published year to date figures up to December 31, 2024 , which were subjected to limited review. 7 RBI Guidelines on Basel Itr Capital Regulations require bank to make Pillar 3 disclosure including leverage ratro, Liquidity Coverage Ratto and Net Stable Funding Ratio disclosure along with the publication offinancial results. Accordingly, these disclosures have been placed on the website ofthe Bank which can be accessed at the following link: https: / /www. indusind. com/inlen / personal / regriatory-disclosure.htrnl These disclosures are not subject to audit or review by the Joint Statutory Auditors. 8 The Capital Adequacy Ratio is computed on the basis of extant RBI guidelines applicable on the relevant reporting dates and the ratio for the conesponding and previous periods is not adjusted to consider the impact ofsubsequent changes ifany, in the guidelines. 9 The Bank had accounted for the discrepancies identified during the financial year ended on 31 March, 2025 in relation to the accounting ofderivative tradesamountingtoRs.l,gsg.gscrores,accountingofinterestandfeeincometotallingtoP.s.846.40crorespertainingtoMFlpofifolioand manual entries posted in the 'Other Assets' and 'Other Liabilities' amountlng to Rs.595.00 crores. a)The Board of Directors of the Bank have since set up an executive level Project Management Group (Group) to provide oversight and to ensure that necessary steps including strengthening ofsystems, processes, intemal financial and other conffols, minimization of manual accounting entries and conuol over reconciliation and other measures are taken and implemented effectively. The Group reports to the Board of Directors of the Bank on an ongoing basis. b)The Bank has also taken necessary steps to assess roles and responsibilifies and fx accountability ofpersons involved in the above matters and have initiated the process of disciplinary action against the concemed offrcials as per the Code of Conduct of the Bank. The Bank is fully committed to take these matters to their logical conclusions, as per the due process and as per the applicable laws and regulations. 10 DuringthequarterendedJune30,2025,theBankhasallottedl,400shares,pursuanttotheexerciseofstockoptionsbycertainemployees. i I a) Networth is calculated as per the Master Circular - Exposure Norms issued by the RBI. b) Debt represents borrowing with Residual maturity of more than one year. Equity represents capital and reserve & surplus excluding revaluation reserve, foreign currency translation reserve and deferred tax assets. c) Total Debt represents total borrowings ofthe Bank. 12 Other income includes commission income flom non-fund based banking activities, fees, eamings llom foreign exchange and derivative ffansactions, proht and loss (including revaluation) from investments and recoveries fiom accounts previously wriften off. 1 3 Previous pedods / year figures have been regrouped / reclassified, wherever necessary to to current period classification. (;Y-14 &-u-gfu Mumbai Jnly 28,2025 Non-Executive, Independent Part-time Chaimm DIN: 00065343 BhamDoshi Non-Executive, Irulcperdmt Dir€ctor DIN:00a!00508 Sen Head Consumer Banking and Mem,ber of Comittee of Exe cutives Officer md Member of Committee of Execntives SiltoshKlmil Deputy ChidFimial OfEcu aad Special Officer- Fimce & Acmmts t:a=+ hNK ma) 2 * I t
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602, Ftoor 6, Raheja Tjtanjum Western Express H jghway Geetanjati Rai(way CoIony Ram Nagar, Goregaon (E) Mumbai - 400 063 15/17, Raghavji'B' Btdg., Raghavji Road, Gowatia Tank, off Kemps Corner, /vtumbai - 400 036 LLP Registration No. AAC-8909 2 lndependent Auditors' Limited Review Report on Unaudited Standalone Financial Results of lnduslnd Bank Limited for the quarter ended June 30, 2025 pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To, The Board of Directors lnduslnd Bank Limited This Statement, which is the responsibitity of the Bank's Management and has been approved by the Bank's Board of Directors, is prepared in accordance with the recognition and measurement principles Iaid down jn Accounting Standard 25 'lnterim Financiat Reporting' ('AS 25') prescribed under section 133 of the Companies Act, 2013 read with retevant rutes issued thereunder, in so far as they appty to the Banks, the retevant provisions of the Banking Regutation Acl, 1949, the circulars, guidetines and directions jssued by the Reserve Bank of lndia (the'RBl') from time to time (the'RBl Guidetines'), other recognised accountjng principtes generatty accepted in lndia and in comptiance with the Listjng Regutations. Our responsibitity is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (sRE) 2410 'Review of lnterim Financiat lnformation Performed by the lndependent Auditor of the Entity', issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of materiat misstatement. A review consists of making inquiries, primarity of persons responsibte for financiat and accounting matters, and apptying anatytical and other review procedures. A review is substantiatty less in scope than an audit conducted jn accordance with Standards on Auditing under section 143(10) and consequentty does not enabte us to obtain assurance that we woutd become aware of att significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. CH * & J 100045 icf$$Y(/ Page 1 of 2 b b MSKA&Associates Chartered Accountants Chokshi & Chokshi LLP Chartered Accountants 1 We have reviewed the accompanying statement of unaudited standalone financial resutts of lnduslnd Bank Limited (the 'Bank') for the quarter ended June 30, 2025 (the 'Statement') being submitted by the Bank pursuant to the requirements of Regutation 33 and Regutation 52 read with Regutation 63(2) of the Securities and Exchange Board of lndia (Listing Obtigatjon and Disctosure Requirements) Regutations, 2015 as amended (the'Listing Regutations') except for the disctosures retating to Pittar 3 as at June 30, 2025, incl.uding teverage ratio, tiquidity coverage ratio and net stabte funding ratio under Basel lll Capitat Regutations as have been disctosed on the Bank's website and in respect of which a link has been provided in Note 6 to the Statement and have not been reviewed by us. We have initiatted the Statement for identification purposes only. 3.
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4 MSKA&Associates Chartered Accountant Chokshi & Chokshi LLP Chartered Accountants Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to betieve that the accompanying Statement prepared in accordance with the recognitjon and measurement principtes taid down in AS 25, prescribed under Section 133 of the Companies Act,2013 read with retevant rutes issued thereunder, the RBI Guidetines and other accounting prjnciptes generatly accepted in lndia has not disctosed the information required to be djscLosed in terms of the Listing Regutations inctudjng the manner jn which it is to be disctosed or that it contains any materiat misstatement or that it has not been prepared jn accordance with the retevant prudentjat norms issued by the RBI in respect of income recognition, asset classificatjon, provjsioning and other retated matters, except for the disctosures retating to Pjttar 3 disclosures as at June 30, 2025, jnctuding leverage ratio, tiqujdity coverage ratio and net stable funding ratio under Baset lll Capitat Regutations as haye been disclosed on the Bank's website and in respect of which a tink has been provided in the Statement and have not been reviewed by us. We draw attention to Note 9 to the Statement which states that the Bank has initiated the process of disciptinary action against the persons jnvotved in the discrepancies and irregularities mentioned in aforesaid note and its retated imptications, that may arise therefrom. Our conctusion on the Statement is not modified in respect of this matter. The unaudited standatone financial resutts of the Bank for the quarter ended June 30, 2024 were reviewed by one of the current joint statutory auditors and predecessor joint statutory auditors and they expressed an unmodified conctusr'on on these financial resutts vide their report dated July 26,7024, Our conclusion on the statement is not modified in respect of this matter. 5 6 Forl S KA & Associates Chartered Accountants ICAI Firm's Registration No.: 105047W For Chokshi & Chokshi LLP Chartered Accountants lCAl Fjrm's Registration No: '101872W / w100045 b LH.s o 4 9 Tushar Kurani Partner Membership No.: 118580 UDIN: 251 1858oBMOH2E4970 Ptace: Mumbai Date: Juty 28, 2025 *Py""" Partner Membership No.: 100770 ,O) :< o T- b 10'1872w {100045 * UDIN: 251007708M1QUV4864 Ptace: Mumbai Date: Juty 28, 2025 Page? ol 2 L r FRN
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lnduslnd Bank Regd. Office : ?A01, Gen. Thimmayya Road, Canto.ment, Pune 411 001 CIN : L6519lPNl99,tPLC076333 Unaudited Standalone Financial Results for the quarter ended June 30' 2025 ln Sr. No. (iv) (ii) (iiD 2 3 4. 8 9 12. t5 10. 11 13. 14. t6 Quarter Quarter ended 3t.03.2025 (audited) (Refer note 5) Quarter ended 30.06.2024 (unaudited) Year ended 31.03.2025 (audited)Particulars 30.06.2025 (unaudited) Interest Earned 4866767 Interest / Discount on Advances / Bills 39591 15 Income on Investments 766303 Interest on balances with Reserve Bank of India and other inter-bank funds t20661 Others Other Income Toaal Income (l+2) 20688 215624 70880 244125 76841 11420L2 1134265 1498802 5635186 Interest Expended 75855 I 7139t4 2963635 5 G)1C,) 41 422965 392219 tt6t63 1607065 Cost 122872 48 1 083 (ii) Other Operating Expenses 6. Total Expenditure Excluding Provisions 2848t3 300093 276056 tt25982 1176796 265216 I t81516 I 106133 4570700 7. Opetating Profiit before Provisions and Contingencies (3-6) -47251 392669 106M86 Provisions (other than tax) and Contingencies 173778 104984 7030t4 items (+) ,z Loss (-) from Ordinary Activities before Tax (7-8-9) 91438 23013 -288908 287685L 361472 97182Tax -65309 72469 et Profit (+) ,/ Loss (-) from Ordinary Activities after Tax ro-l l) 68125 2&290 ryq1grdllr4ryIglSl (net of tax expenqe) Profit (+) / Loss () for the period (12-13) 264290 Paid up Equity Share Capital 77905Value: Rs.10/- each) 77905 reserves 6342381 17. Ratios of shares held by Govemment oTlndia (ii) Capital Adequacy Ratio (%) - Basel III 16.63 16.24 15.10 17.55 16.24 15.10CET 1 Ratio 15.48 16.15 (iii) Earnings per share (EPS) - @asic and Diluted) (Rs.) (u) Basic EPS for the peiod/year before Extraordinary items (not annualized) 8.78 -28.11 33.93 Diluted EPS for the period/year before Extraordinary items (not annualized) Basic EPS for the period/year after Extraordinary items (not annualized) Diluted EPS for ttre period/year after Extraordinary 8.Zq 8.78 8.78 -28.70 27.61 33.91 (b) items annualized) -28.71 -28.70 27.65 27.61 33.93 33.91 i(iv) NPA Ratios Gross NPA !2!Ws6 372152 t104632 328714 1t04639 Net NPA 328714 Gross NP'A(o/o) 3.64i 11ili- 3.13 0.95 2.02 3.13 NetNPA(%) 0.95 0.51 6279636 1.67 Net Worth (Refer Note 11 a) 6226049 Outstanding Redeemable Preference Shares Redemption Reserve 0.73 Assets (Egfer Note I o.4L 0.10 0.58 0. CORPORATE, otrlcE , 1- t229]\8) 965056 10!q4q 833982 12s@1 (Refer Note 1l b) 11 1 1035197 180231 (i) 2415!7 1!!80 zpes!l_ ',1 6Ur,l I i 779061 77873 i 27.651 -223599 215216 -223599 215216 I 0.60 aes' $wssl
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lnduslnd Bank Regd. Office :2l0lrGen. fhimmayyaRoad, Cantonment, Pune4ll fi)l CIN : L65191PN1994PLC076333 Standalone Segment Reporting for the quarter ended Jwe 30,2025 Rs. in LakhsBusiness Sesments: Quarter ended 30.06.2025 (unaudited) Quarter ended 31.03.2025 (audited) Quarter ended 30.M.202l (unaudited) Year ended 31.03.2025 (audited) Particulars 57671 210181 737030305342 3 1 1545 308132 1278879) Corporate / Wholesale Banking 281035 948737 8361 19 1063873 3996990ng 74046 76353 68184 289757 874691 759766 995089 3707233Other Retail 5396376 1538 1707iv) Other Banking Business r583893 60t829sTotal I Items (i) to (iv) I ls3s490 1206873 85091 3831 1093478 72609Less : Inter-segnent Revenue 563518514420t2 1134264 1498802Total Income (b) Segment Results : -89331111716 145723 t473i) Treasury Operations 3t392040244 37884 96156ii) Corporate / Wholesale Banking 88708212s570 13707 305439iii) Retail Banking 25250 104588a) Dieital Bankine 1080s 78742 54965 280189 782494Other 114765 55 223 532 1324ng Business 277585 -33909 ,t()3600 ttt2995Total ftems I t to (iv) I Add: Unallocated Revenue 12369 13344 10931 48511Less: Unallocated Expenses 265216 -47253 392669 t06/c.uProfit t73778 241657 104984 703014Less: Provisions & Contingencies 91438 -288910 287685 361470Net Profit before tax 23013 -65309 72469 97182Less: Taxes including Deferred Taxes Profit./ Loss 6842s -223fi1 215216 264288Net Profit Information legment Assets 11989422 1379816113347097 t3798161i) Treasury Operations 13614752 1323391513t14475 t32339ts/ Wholesale 2s867876 25411970 25867876iii) Retail Bankins 2s026873 808125 943540923935 9$544a) Digital Banking 24603845 2492433624102938 24924336b) Other Retail Banting iv) Other Banking Business 2393255 2501891 1988Mt 2501891Unallocated Assets 53941700 551101843 s3004585 554/J1843Total Assets Segment Liabilities 5270899 5434165 Mr320s 5434165i) Treasury Operations 12255332 I 3595568 13169168 1 3595568ii) Corporate / Wholesale Banking 278M9527799401 278M49s 27014398iii) Retail Banking 3556848 3199201 3s56848a) Disital Bankine 3441942 24287647 2381519',7 24287647Other 24357459 Other 2078358 1892899 2078358Unallocated Liabilities 2090848 6M9257 6514915 649257Caoital & Other Reserves 6525220 55,()1M3 53oMs8s 55,()18,l3Total Liabilities 53941700 Notes to Segment Results :- l) Business Segments have been identified and reported taking into account the target customer profile, the nature ofproducS and services, the differing risks and returns, the organisation structure, the intemal business reporting system and the guidelines prescribed by the RBI. 2) RBI's Master Direction on Financial Statements - Presentation and Disclosures, requires to sub-divide 'Retail banking' into (a) Digital Banking (as defined in RBI circular on Establishment of Digital Banking Units dated April7, 2022) and (b) Other Retail Banking segnent.Accordingly, the segmental resuls for retail banking segment for Q1-2026 is subdivided. -r4+e .' , :'".r CORPORATE OFFICE w100M5 \< o * ? *l t eveflue : ons ns2 Bankins t
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Induslnd Bank Notes: I The Bank has applied its significant accounting policies in the preparation of the financial results for the quarter ended June 30, 2025 ('the financial results'), which are consistent with those followed in the annual financial statements for the year ended March 31,2025. 2 The financial results have been arrived at after considering provision for standard assets, including provision for exposures to entities with Unhedged Foreigtr Currency Exposure, non-performing assets (NPAs), depreciation on investments, income-tax and other usual and necessary provisions. 3 The hnancial results have been reviewed by the Audit Committee and subsequently taken on record and approved by the Board of Directors at their respective meetings held on July 28,2025. The financial results were subjected to limited review by the current Joint Statutory Auditors ofthe Bank (M S K A & Associates, Chartered Accountants and Chokshi & Chokshi LLP, Chartered Accountants) and they have issued an unmodified conciusion in their review report thereon. The financial results for the quarter ended June 30,2024 were subjected to limited review by the Joint Statutory Auditors of the Bank (M.P.Chitale & Co., Chartered Accountants and M S K A & Associates, Chartered Accountants) on which they had issued an unmodified conclusion in their review report. 4 The financial results have been prepared in accordance with the recogrrition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder, the relevant provisions of the Banking Regulation Aclq 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (the RBI') from time to time ('RBI Guidelines') and other accounting principles generally accepted in India, and is in compliance with the presentation and disclosure requirements ofthe Regulation 33 and Regulation 52 read with Regulation 63 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended including relevant circulars issued by the SEBI from time to time. 5 The figures for the quarter ended March 31,2025 are the balancing figures between the audited figures in respect of the financial year 2024-25 and the published year to date figures up to December 31 , 2024 , which were subjected to limited review. 6 RBI Guidelines on Basel III Capital Regulations require banks to make Pillar 3 disclosure includrng leverage ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio disclosure along with the publication offinancial results. Accordingly, these disclosures have been placed on the website ofthe Bank which can be accessed at the following link: https : / /www. indusind. com/inl en / persor,al / r egolatory-disclosure.html These disclosures are not subject to audit or review by the Joint Statutory Auditors. 7 The Capital Adequacy Ratro is computed on the basis of extant RBI guidelines applicable on the relevant reporting dates and the ratio for the corresponding and previous periods is not adjusted to consider the impact ofsubsequent changes ifany, in the guidelines. 8 Details of loan ffansferred / acquired during the quarter ended June 30, 2025 wder the RBI Master Direction on Transfer of Loan Exposures dated S eptemb er 24, 2021 ar e given below: Details ofloans not in default the ended June 2025 are below: Assignment Cum Novation Mode of Acquisition st2.t6Aggregate amount ofloans acquired (Rs. in crores) 5.19Weighted average residual maturity (in years) 0.41Weiehted average holding period by originator (in years) Retention ofbeneficial economic interest by the originator Taneible security coverage Rating wise distribution ofloans acquired by value External Rating l00o/oAAA lol$lrr/ w100045. b * r. uj o CH CORPORATE OFFICE B4rv,,t *{ )
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Induslnd Bank BAl.g. :) Mode of Acquisition Assigrrment Cum Novation Aesresate amount ofloans acquted (Rs. in crores) 772.t0 Weiehted averase residual maturitv (in years) 3.03 Weighted average holding period by originator (in years) 0.98 Retention ofbeneficial economic interest by the originator 10% Tangible security coverage Rating wise distribution ofloans acquired by value Extemal Rating Unrated 100o/o in default transferred ended June 2025 arc below: * Unsecured loan amounting Rs. 109.67 crores out oftotal loan transferred Rs. 522.31 crores (iii) Details ofNon-performing accounts transfered during the quarter ended June 30, 2025. rn crores number of * Including amount realised in written off tmsts Details for as on June 2025: * Includes Rs 29 crores of Security Receipts (SR) on which, pursuant to regulatory norms, the ARC shall obtain initial rating of SR from credit rating agency within a period of 6 months from the date of acquisition. Bank is holding a total SR Provision ofRs.1,21 1.83 crores. Assignment / Novation Mode of transfer s22.31Aqgregate amount ofloans transferred (Rs. in crores)* 8.44Weiehted averase residual maturity (in years) 1.44Weiqhted averase holdinq period (in years) Retention of beneficial economic interest 100%Tangible security coverage* Rating wise distribution ofloans Transferred by value Extemal Rating 290kCare A- 24%IVR BBB 22%IND BBB 21%CRISIL A. 4o/oCARE A2+ To Asset Reconstruction Companies (ARCs) To Permitted transferees To other transfereesParticulars Number ofaccounts Assresate principal outstanding of loans transferred Weiqhted average residual tenor ofthe loans transferred (in years) Net book value ofloans transferred (at the time oftransfer) Aggregate consideration 11.39Additional consideration realized in respect of accounts transfered in earlier years * Recovery Rafing Anticipated recovery as per recovery rattng Gross Book Value (Rs. in crores) RRl* l00o/o-1500/o 523.77 RR2 750h-100% 81 1.73 RR3 50%-7s% 607.00 RR4 25%-500k RR5 0o/o-25oh Unrated 0% Total 1,942.50 101 .w1 \< o H * -- |- b, CORPORATE OFFICE .? * * fn
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lnduslnd Bank 9 The Bank had accounted for the discrepancies identified during thc financial year ended on 3 March, 2025 in relation to the accounting of derivative uades amounting to Rs. q5g 98 crores, accounting of interest and fee income totalling to Rs.846 .40 crores pertaining to MFI portfolio and manual entries posted rn the 'Other Assets' and 'Other Liabilities' amounting to Rs.s95 .00 crores. a) The Board of Directors of the Bank have since set up an executive level Project Management Group (Group) to provide oversight and to ensure that steps including strengthening of systems, processes, intemal financial and other controls minimization of manual accountmg enffies andnecessary and implemented effectively The Group reports to the Board of Directors of the Bank on ancontrol over reconciliation and other measures are taken ongoing basis. b) Th; Bank has also taken necessary steps to assess roles and responsibilities and fix accountability ofpersons involved in the above matters and have initiated the process of disciplinary action-against the concemed officiats as per the Code of Conduct of the Bank. The Bank is fully committed to take these matterrto their logical conclusions, as per the due process and as per the applicable laws and regulations. 10 DuringthequarterendedJune30,2025,theBankhasallottedl,400shares,pursuanttotheexerciseofstockoptionsbycertainemployees. 11 a) Networth is calculated as per the Master Circular - Exposure Norms issued by the RBI. b) Debt represents borrowini with Residual maturity of more than one year. Equity represents capital and reserve & surplus excluding revaluation reserve, foreign currenry translation reserve and deferred tax assets. c) Total Debt represents total borrowings ofthe Bank. 12 Other income includes commission income fiom non-fund based banking activities, fees, eamings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments and recoveries from accounts previously written off. 13 previous periods / year figures have been regrouped / reclassified, wherever necessary to conform to current period classification' tdN/ ?uq hos0.l Sunil Mehta Non-Executive, IndePendent Part-time Chairman DIN:00065343 Bhavna Doshi ' Soumitra Sen Head - Consumer Anil Rao Chief Administrative Officer and Member of Committee of Executives Santosh Kumar Deputy Chief Fimncial Officer and Special Officer - Finarre & Accounts Mumbai July 28,2025 NorrExecutive, Ind€P€ndent Dircctor DIN: fi)4fi)508 Banking and Member of Committee of Ex€cutives u CH o /-FRN w u) Dtr\ ofrlcE \ t* t T