Indian Bank has informed the Exchange regarding Outcome of Board Meeting-Approval of Audited Financial Results (Standalone & Consolidated) of the Bank for the Fourth Quarter and Financial Year ended on March 31, 2025, recommendation of Dividend for FY 2024-25 and Capital Raising Plan
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Indian Bank's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone net profit jumped 35.4% YoY to Rs 10,918 crore (vs Rs 8,063 crore in FY24), while total income grew 12.2% to Rs 71,226 crore. Gross NPAs improved sharply to 3.09% (from 3.95%) and net NPAs fell to 0.19% (from 0.43%), with provision coverage ratio at a strong 98.10%. The board recommended a dividend of Rs 16.25 per share (162.5% of paid-up capital) and approved a capital raising plan of up to Rs 5,000 crore via equity (QIP/FPO/Rights) and Rs 2,000 crore via Basel III-compliant AT-1/Tier-2 bonds. Capital Adequacy Ratio (Basel III) stood at 16.44%, and the bank raised Rs 10,000 crore through long-term infrastructure bonds during the year.
Strong earnings growth, sharp NPA improvement, and a healthy dividend are positive for shareholders, though the equity dilution plan of up to Rs 5,000 crore may create some near-term overhang. The bank also reported negative operating cash flow on a standalone basis for FY25.