Share the post "Indian Bank Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Indian Bank has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 99.45 | 99.45 | 73.84 | 73.84 | 0 |
| Public | 5.98 | 5.28 | 4.44 | 3.92 | -0.52 % |
| DII | 21.34 | 22.84 | 15.84 | 16.95 | +1.11 % |
| FII | 7.93 | 7.12 | 5.89 | 5.29 | -0.6 % |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 73.84% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. DIIs (Domestic Institutional Investors) shareholding increased from 15.84% in December 2023 to 16.95% in March 2024 , indicating that domestic institutions increased their stake in the company by 1.11% . FIIs (Foreign Institutional Investors) shareholding decreased from 5.89% in December 2023 to 5.29% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
|---|---|---|---|---|---|
| PRESIDENT OF INDIA | 0 | 99.455 | 0 | 73.84 | +73.84% |
| President of India | 99.455 | 0 | 73.84 | 0 | -73.84% |
Promoters shareholding remained stable, at 73.84% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. DIIs (Domestic Institutional Investors) shareholding increased from 15.84% in December 2023 to 16.95% in March 2024 , indicating that domestic institutions increased their stake in the company by 1.11% . FIIs (Foreign Institutional Investors) shareholding decreased from 5.89% in December 2023 to 5.29% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.PRESIDENT OF INDIA had no shares in the previous quarter but now holds 73.84% of shares in the current quarter.President of India had 73.84% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 3.594 | 3.471 | 2.67 | 2.58 | -0.09 % |
| Bodies Corporate | 0.629 | 0.347 | 0.47 | 0.26 | -0.21 % |
| Any Other (specify) | 1.000 | 0.708 | 0.74 | 0.53 | -0.21 % |
| Trusts | 0.010 | 0.025 | 0.01 | 0.02 | + 0.01 % |
| HUF | 0.118 | 0.103 | 0.09 | 0.08 | -0.01 % |
| ESOP or ESOS or ESPS | 0.587 | 0.526 | 0.44 | 0.39 | -0.05 % |
| Clearing Members | 0.229 | 0.001 | 0.17 | 0 | -0.17 % |
Observations indicate a sizeable -0.09 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.21 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.21 % variance in Any Other (specify)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Trusts lifts the bar with a remarkable 0.01 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.01 % variance in HUF’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.05 % variance in ESOP or ESOS or ESPS’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.17 % variance in Clearing Members’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 14.183 | 15.774 | 10.53 | 11.71 | + 1.18 % |
| MIRAE ASSET LARGE & MIDCAP FUND UNDER ITS VARIOUS SCHEMES |
0 | 1.657 | 0 | 1.23 | +1.23% |
| HSBC VALUE FUND UNDER ITS VARIOUS SCHEMES | 0 | 1.819 | 0 | 1.35 | +1.35% |
| HDFC MUTUAL FUND UNDER ITS VARIOUS SCHEMES | 0 | 4.680 | 0 | 3.47 | +3.47% |
| Alternate Investment Funds | 0.674 | 0.718 | 0.5 | 0.53 | + 0.03 % |
| Banks | 0.044 | 0.000 | 0.03 | 0 | -0.03 % |
| Insurance Companies | 6.436 | 6.344 | 4.78 | 4.71 | -0.07 % |
| LIFE INSURANCE CORPORATION OF INDIA AND ITS VARIOUS SCHEMES |
0 | 3.923 | 0 | 2.91 | +2.91% |
| HSBC VALUE FUND | 1.469 | 0 | 1.09 | 0 | -1.09% |
| HDFC MUTUAL FUND – HDFC MID-CAP OPPORTUNITIES FUND |
4.505 | 0 | 3.34 | 0 | -3.34% |
| LIFE INSURANCE CORPORATION OF INDIA | 3.923 | 0 | 2.91 | 0 | -2.91% |
The latest quarter saw a considerable enhancement in profitability for Mutual Funds/, reflecting an uptick of 1.18 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for Alternate Investment Funds, reflecting an uptick of 0.03 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.Banks decreased their stake from 0% in the previous quarter to 0.03% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.03 %.Insurance Companies decreased their stake from 4.71% in the previous quarter to 4.78% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.07 %.MIRAE ASSET LARGE & MIDCAP
FUND UNDER ITS VARIOUS SCHEMES had no shares in the previous quarter but now holds 1.23% of shares in the current quarter.HSBC VALUE FUND UNDER ITS VARIOUS SCHEMES had no shares in the previous quarter but now holds 1.35% of shares in the current quarter.HDFC MUTUAL FUND UNDER ITS VARIOUS SCHEMES had no shares in the previous quarter but now holds 3.47% of shares in the current quarter.LIFE INSURANCE CORPORATION OF
INDIA AND ITS VARIOUS SCHEMES had no shares in the previous quarter but now holds 2.91% of shares in the current quarter.HSBC VALUE FUND had 1.09% of shares in the previous quarter but exited in the current quarter.HDFC MUTUAL FUND – HDFC
MID-CAP OPPORTUNITIES FUND had 3.34% of shares in the previous quarter but exited in the current quarter.LIFE INSURANCE CORPORATION OF INDIA had 2.91% of shares in the previous quarter but exited in the current quarter.
FUND UNDER ITS VARIOUS SCHEMES had no shares in the previous quarter but now holds 1.23% of shares in the current quarter.HSBC VALUE FUND UNDER ITS VARIOUS SCHEMES had no shares in the previous quarter but now holds 1.35% of shares in the current quarter.HDFC MUTUAL FUND UNDER ITS VARIOUS SCHEMES had no shares in the previous quarter but now holds 3.47% of shares in the current quarter.LIFE INSURANCE CORPORATION OF
INDIA AND ITS VARIOUS SCHEMES had no shares in the previous quarter but now holds 2.91% of shares in the current quarter.HSBC VALUE FUND had 1.09% of shares in the previous quarter but exited in the current quarter.HDFC MUTUAL FUND – HDFC
MID-CAP OPPORTUNITIES FUND had 3.34% of shares in the previous quarter but exited in the current quarter.LIFE INSURANCE CORPORATION OF INDIA had 2.91% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 7.700 | 6.828 | 5.72 | 5.07 | -0.65 % |
| Foreign Portfolio Investors Category II | 0.223 | 0.290 | 0.17 | 0.22 | + 0.05 % |
Profitability dwindled by -0.65 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.05 % in net profit.
