Indian Bank has informed the Exchange that Board of Directors at its meeting held on May 03, 2025, recommended Final Dividend of Rs. 16.25 per equity share.
INDIANB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indian Bank's Board approved audited FY25 results on May 3, 2025, with standalone net profit rising 35.4% year-on-year to Rs. 10,918 crore from Rs. 8,063 crore in FY24. Total income grew to Rs. 71,226 crore from Rs. 63,482 crore. Asset quality improved sharply, with gross NPAs falling to 3.09% (from 3.95%) and net NPAs to 0.19% (from 0.43%), while provision coverage rose to 98.10%. The Board recommended a final dividend of Rs. 16.25 per share (162.50% of paid-up capital) and approved a capital raising plan of up to Rs. 5,000 crore in equity (via QIP/FPO/Rights Issue) and Rs. 2,000 crore in AT-1/Tier-2 Basel III bonds. Statutory auditors issued an unmodified opinion. During the year, the bank raised Rs. 10,000 crore via long-term infrastructure bonds and repaid Rs. 2,000 crore of Tier-2 bonds.
Strong profit growth, improved asset quality, and a healthy dividend are positive for shareholders. The negative operating cash flow and the proposed Rs. 7,000 crore capital raise may cause short-term dilution concerns, but the robust capital adequacy of 16.44% provides cushion. Government holding remains at 73.84%.