IndusInd Bank Q2 results: Posts net loss due to higher provisions, NII drops 17.5% YoY

IndusInd Bank reported a net loss of 436.8 crores in the second quarter of the financial year 2025-26. Last year, the bank posted a net profit of Rs 1,331 crore in Q2 FY25. Rajiv Anand, the MD and CEO of IndusInd Bank, said in a statement that the loss in the quarter is a result of accelerated write-offs as well as increased provisions on microfinance as a prudent measure. 

IndusInd Bank reported a 17.5 per cent YoY Net Interest Income decline in the quarter. The bank’s NII in Q2 FY26 came down to Rs 4,409 crore from Rs 5,347 crore in Q2 FY25.

Furthermore, IndusInd Bank’s margins also squeezed in the quarter. The private sector bank’s margin in Q2 FY26 stood at 3.32 per cent, compared to 4.08 per cent in the same quarter of last fiscal year. 

The bank found itself in the midst of a crisis earlier this year as governance and accounting lapses surfaced, leading to the exit of its former CEO, Sumant Kathpalia and deputy Arun Khurana.

The bank’s asset quality remained largely stable despite the challenging environment. Gross non-performing assets (GNPA) ratio stood at 3.60 percent as of September 30, 2025, compared with 3.64 percent at the end of June 2025, while net NPA (NNPA) improved to 1.04 percent from 1.12 percent. Provision coverage ratio (PCR) rose to 71.81 percent from 70.13 percent in the previous quarter.

Total loan-related provisions stood at Rs 10,443 crore, representing 3.2 percent of the loan book.

Total deposits fell to Rs 3.90 lakh crore from Rs 4.12 lakh crore a year earlier, while advances declined to Rs 3.26 lakh crore from Rs 3.57 lakh crore. The share of low-cost current and savings account (CASA) deposits stood at 31 percent, with current account deposits at Rs 31,916 crore and savings deposits at Rs 87,854 crore.

The balance sheet size contracted to Rs 5.27 lakh crore from Rs 5.43 lakh crore a year ago.

Fee and other income fell 24.4 percent to Rs 1,651 crore from Rs 2,185 crore in the year-ago quarter. The pre-provision operating profit (PPOP) dropped 43 percent to Rs 2,047 crore from Rs 3,600 crore.

As of September 30, 2025, IndusInd Bank had 3,116 branches and banking outlets, along with 3,054 ATMs across India, serving approximately 42 million customers.

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IndusInd Bank Q1 profit drops 72%

Private sector lender Indusind Bank on Monday reported a 72 per cent drop in its consolidated net profit for the June quarter at Rs 604 crore.

Indusind Bank, which is reeling under a slew of issues stemming from alleged irregularities of the management in recognising bad loans and trading reverses, had reported a net profit of Rs 2,171 crore in the year-ago period.

It had reported a loss of Rs 2,329 crore in the preceding March quarter.

Total income dropped to Rs 14,420.80 crore in the April-June quarter of FY26 compared to Rs 14,988.38 crore in the year-ago period.

The lender's core net interest income also declined to Rs 4,640 crore during the reporting quarter against Rs 5,408 crore.

Decline in fee and other income was relatively limited, with the overall number dropping to Rs 2,157 crore from Rs 2,442 crore in the year-ago period.

The gross non-performing assets ratio for the lender increased to 3.64 per cent in June against 3.13 per cent in March, but the provisions declined on-quarter to Rs 1,760 crore from Rs 2,522 crore.

The overall capital adequacy of the lender stood at 16.63 per cent as of June 30, and included a core buffer of 15.48 per cent.

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Private Banks posts Net loss of ₹2,328 crore in Q4

For the January–March period, Mumbai-based private lender IndusInd Bank Ltd. reported a net loss of ₹2,328 crore due to stress in the microfinance portfolio and previously documented accounting irregularities that negatively impacted the balance sheet. According to a CNBC-TV18 poll, the net loss was ₹514 crore. The findings were released on Wednesday, May 21, after market hours. 

For the first time in two decades, IndusInd Bank has disclosed a quarterly financial loss. IndusInd Bank last declared a loss during the fourth quarter of the 2006 fiscal year, when Bhaskar Ghose was the bank's chief executive officer. The lender has only ever reported a loss once in its trading existence, and that was in March 2001.

IndusInd's Net Interest Income (NII) or core income declined by 43.4% from the same quarter last year to ₹3,048 crore, which is lower with the CNBC-TV18 poll of ₹4,762.4 crore.

Asset quality for the lender deteriorated on a sequential basis, with Gross NPA at 3.13% from 2.25% in the December quarter, while net NPA for the quarter stood at 0.95% from 0.68% in the previous quarter.

In a separate filing, IndusInd Bank stated that the Internal Audit Department submitted a report on May 20, where an amount of ₹172.58 crore was incorrectly recorded as fee income in the Microfinance business over three quarters ending December 31, 2024 and was reversed in the fourth quarter.

IndusInd Bank's advances grew by 1.3% during the January-March period on a year-on-year basis, which was the weakest growth in 17 quarters. On the sequential basis, loan growth declined by 5.2%, which was the biggest decline in 37 quarters or more.

Deposits grew by 6.8% during the March quarter, in comparison to the year-ago period to ₹4.11 lakh crore. This was the weakest deposit growth reported by the lender in the last 19 quarters.

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IndusInd Bank Q3 results: Net profit declines 39%

In the third quarter of fiscal year 2025, IndusInd Bank recorded a net profit of Rs 1,402 crore on January 31, 2025, which was 39% less than the Rs 2,301 crore reported in the same quarter the year before.

The net profit for IndusInd Bank's October–December quarter was predicted to drop 38.6% year over year to Rs 1,411 crore, while the net interest income was predicted to increase by 10% to Rs 5,833 crore.

At Rs 5228 crore, the net interest income (NII) was 1.2% less than the Rs 5,295 crore earned the previous year.

Also Read - Quarterly Financial Results of Public & Private sector banks for Q3FY25

In Q3 of FY25, the lender's gross non-performing assets (GNPA) were Rs 8375 crore, or 2.25 percent, as opposed to Rs 6,279 crore, or 1.92 percent, in the previous year.

Net Non-Performing Assets (NNPA) stood at Rs 2496 crore (0.68 percent) versus Rs 1,864 (0.57 percent) last year.

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IndusInd Bank Q4 Results: Net Profit up by 15%

Private sector lender IndusInd Bank recorded a net profit of Rs 2,349 crore for the January-March quarter of fiscal year (FY) 2023-24, up 15 per cent from Rs 2,043 crore in the previous year. The net profit, at Rs 2,349 crore, exceeds the market forecast of Rs 2,261 crore.

In its quarterly statement earlier this month, the bank reported that net loans increased by 18 per cent, exceeding a 14 per cent increase in deposits.

The bank’s gross non-performing asset (NPA) ratio fell to 1.92 per cent from 1.98 per cent in the same period last year. In contrast, net NPA for the quarter was 0.57 per cent, up from 0.59 per cent the previous year.

Also Read |  ICICI Bank Q4 Net Profit Rises 17.4%

Net interest income, or the difference between interest collected and paid, increased 15 per cent to Rs 5,376 crore. The lender’s net interest margin was 4.26 percent, compared to 4.28 percent the previous year.

Sumant Kathpalia, Managing Director & Chief Executive Officer, IndusInd Bank said: “We are looking at growing our branches from the existing 2,800 to 3,500 in the next two years. Our operating expenses jumped in FY24 and we hired around 11,000 employees in FY24. Our total expense in IT is around 8-10 per cent of our total cost to income.”

Operating expenses for the quarter ended March 31, 2024 grew by 24 per cent to Rs 3,803 crores, compared to Rs 3,066 crore for the same quarter the previous year.

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IndusInd Bank Q3 Results: Net profit rises 17% YoY

 

Private lender IndusInd Bank on Thursday reported standalone net profit growth of 17% YoY at Rs 2,298 crore for the quarter ended December. It was Rs 1,959 crore in the year-ago period.

The profit was slightly above analysts' expectations. An ET Now Poll predicted PAT figure to be around Rs 2,272 crore.

Other income during the third quarter increased 15% YoY to Rs 2,396 crore against Rs 2,076 crore in the corresponding quarter of the previous year.

Provisions (other than tax) and contingencies fell 9% YoY to Rs 969 crore in the reporting period. The same stood at Rs 1,065 crore a year ago.

Operating profit (before provisions and contingencies) jumped nearly 10% YoY to Rs 4,042 crore in the third quarter against Rs 3,686 crore in the last year quarter.

On the asset quality front, gross non-performing assets (NPAs) declined to 1.92% in the said third quarter against 2.06% in the December 2022 quarter and 1.93% in the preceding September quarter.

Net NPAs, on the other hand, also fell to 0.57% from 0.62% a year ago.

The lender had a capital adequacy ratio of 17.86% as per Base III norms, down from 18.21% in the preceding quarter and 18.01% in the year-ago quarter. The CET 1 ratio in the reporting period was at 16.07%.

The Provision Coverage Ratio was consistent at 71%, as of December 2023. Net Interest Margin for the third quarter stood at 4.29%, flat compared with the preceding September quarter.

The bank's balance rose 10% YoY to Rs 4.88 lakh crore in the December quarter. Deposits stood at Rs 3.68 lakh crore, showing an increase of 13%, while advances rose 20% to Rs 3.27 lakh crore.

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IndusInd Bank Q1 Results: Net profit jumps 33% YoY

Private sector lender IndusInd Bank on July 18 reported a net profit of Rs 2,124 crore for the April-June quarter, which marks a 33 percent jump as compared to Rs 1,631 crore clocked in the year-ago period.

The net profit, at Rs 2,124 crore, is almost in line with the CNBC TV-18 poll estimate of Rs 2,127 crore.

Total income for Q1FY24 rose by 28 percent on-year to Rs 12,939 crore. This includes a net interest income (NII) of Rs 5,863 crore, which increased by 18 percent as compared to Rs 4,125 crore reported in the corresponding quarter of the previous fiscal.

The NII, at Rs 5,863 crore, is 21 percent higher as against the CNBC TV-18 poll estimate of Rs 4,821.7 crore.

The bank's gross non-performing asset (NPA) stood at 1.94 percent, down from 2.35 percent recorded in the same quarter last year. On the other hand, net NPA of IndusInd Bank for the quarter stood at 0.58 percent, improving from 0.67 percent on a year-on-year basis.

In absolute terms, the gross NPA at the end of Q1FY24 stood at Rs 5,941 crore, which is 2 percent higher as against Rs 5,826 crore in Q4FY23. Similarly, the net NPA at Rs 1,747 crore is 1.9 percent higher than Rs 1,715 crore reported in the last quarter.

IndusInd Bank's operating profit, without taking into account provisions and contingencies, came in at Rs 3,830 crore, which is 13 percent higher on-year. Provisions for the quarter under review stood at Rs 992 crore, which is lower than Rs 1,251 crore in Q1FY23.

The lender's capital adequacy ratio, as per the Basel III norms, came in at 18.04 percent in the first quarter, as compared to 17.86 percent in the fourth quarter of the last fiscal.

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IndusInd Bank Q1 Results: Profit rises 64% YoY to Rs 1,603 crore, beats estimates

 

IndusInd Bank on Wednesday reported a 64.44 per cent year-on-year (YoY) rise in standalone net profit at Rs 1,603.29 crore compared with Rs 974.95 crore in the corresponding quarter last year.

The profit figure beat Rs 1,470 crore profit anticipated by anlaysts in an ET NOW poll.

Interest earned for the quarter rose 8.01 per cent YoY to Rs 8,181.77 crore from Rs 7,574.70 crore.

The private lender made provisions and contingencies worth Rs 1,250.99 crore, which was lower than Rs 1,461.62 crore in March quarter and Rs 1,779.33 crore in the year-ago quarter.

Gross non-performing assets as percentage of total advances stood at 2.35 per cent, higher than March quarter's 2.27 per cent, but lower than year-ago's 2.88 per cent.

In its business update earlier this month, the bank said its total deposits jumped 13 per cent to Rs 3,03,094 crore in June quarter compared with Rs 2,67,630 crore in the year-ago quarter. The bank's net advances were up 18 per cent at Rs 2,49,541 crore against Rs 2,10,727 crore in the previous year.

Retail deposits and deposits from small business customers amounted to Rs 1,24,105 crore as of June 30 compared with Rs 1,20,507 crore as of March 31, 2022.

The CASA ratio increased to 43.2 per cent in June quarter from 42.8 per cent in the March quarter and 42.1 per cent in the year-ago quarter, the lender said.

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IndusInd Bank Q2 results: Profit jumps 72% YoY

Private sector lender IndusInd Bank on Wednesday reported a 73 per cent rise in its consolidated net profit to Rs.1,146.73 crore for the second quarter ended September 30. It had posted a net profit of Rs.663.08 crore in the year-ago period.

Total income during the July-September quarter rose to Rs.9,488.06 crore from Rs.8,731.52 crore a year ago, IndusInd Bank said in a regulatory filing.

Interest income moved up at Rs.7,650.36 crore from Rs.7,177.21 crore.

On a standalone basis, the net profit increased by 72% to Rs.1,113.53 crore from Rs.647.04 crore. And the total income rose to Rs.9,487.56 crore against Rs.8,731.05 crore.

Bank's provisions for bad loans and contingencies fell to Rs.1,703.36 crore for the quarter from Rs.1,964.44 crore reserved for the year-ago period.

However, there was an uptick in the bank's gross bad loan proportion at 2.77 per cent of gross advances as of September 30, 2021, against 2.21 per cent a year earlier.

Net NPAs too increased to 0.80 per cent from 0.52 per cent.

The annualised return on asset (RoA) stood at 1.26 per cent compared with 1.12 per cent in the preceding quarter of this fiscal and 0.83 per cent in the same quarter last fiscal.

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IndusInd Bank Q2 Net profit declines 53%

IndusInd Bank on Friday posted a 52.7 per cent decline in consolidated net profit for the quarter ended September at Rs 663.08 crore.

The private lender had reported a net profit of Rs 1,400. 96 crore a year ago. An ET Now poll had projected the figure at Rs 800 crore.

The bank’s total income came in at Rs 8,731.52 crore, down 1.65 per cent from Rs 8,877.53 crore.

IndusInd Bank’s provisions rose 166 per cent to Rs 1,964.44 crore, from Rs 737.71 crore a year ago.

Its capital adequacy ratio stood at 16.55 per cent, from 14.70 per cent a year ago.

The bank’s gross NPA in the quarter stood at Rs 4,532.15 crore, compared with Rs 4,370.20 crore a year ago. Its net NPA came in at Rs 1,055.81 crore, compared with Rs 2,202.57 crore a year ago.

Gross NPA ratio stood at 2.21 per cent, compared with 2.19 per cent a year ago, while net NPA was 0.52 per cent, compared with 1.12 per cent in the year ago period.

The bank’s Net Interest Income (NII) for the quarter increased to Rs 3,278 crore from Rs 2,909 crore a year ago, and the Net Interest Margin (NIM) for Q2FY21 came in at 4.16 per cent.

It generated a fee income of Rs 1,554 crore in the quarter, compared with Rs 1,727 crore for the corresponding quarter of previous year.

“The business was highly impacted in Q1FY21 due to lockdown since March 24, 2020, to mitigate the spread of Covid-19 pandemic. The calibrated unlocking commenced from June 01, 2020; and industrial and consumer spends are near pre-Covid levels in some areas,” the bank said in a release.

The bank’s total deposits as of September 30 were Rs 2,27,884 crore, an increase of 10 per cent from Rs 2,07,193 crore a year ago.

CASA deposits stood at Rs 91,846 crore with current account deposits at Rs 34,773 crore and savings account deposits at Rs 57,073 crore. CASA deposits comprised of 40 per cent of total deposits as of September 30.

Advances as of September 30, were Rs 2,01,247 crore, compared with Rs 1,97,113 crore a year ago.

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IndusInd Bank Q1 results: Net profit almost double

IndusInd Bank on Tuesday reported a consolidated net profit of Rs.1,061 crore, showing a rise of 99.2% year-on-year for the quarter ended 30 June, 2021. The lender had posted a net profit of Rs.510 crore in the year-ago period.

The bank's net interest income (NII) also rose 8% year-on-year to Rs.3,563.7 crore from Rs.3,309 crore in Q1FY21, IndusInd Bank said in a regulatory filing.The lender's total income in 7% on-year to Rs.9,356 crore.

Moreover, IndusInd Bank's asset quality deteriorated as gross non-performing a(GNPA) ratio climbed to 2.88% in Q1FY22 from 2.67% in the previous quarter (Q4FY21). Additionally, the net NPA ratio rose to 0.84% from 0.69%.

The bank's consolidated financial statement comprises statements of IndusInd Bank, Bharat Financial Inclusion Ltd (fully owned subsidiary), and IndusInd Marketing and Financial Services Pvt Ltd (associate company).

On a standalone basis, the lender's net profit jumped over two times to Rs.974.95 crore in the June 2021 quarter, compared with Rs.460.64 crore in the year-ago period.Income rose to Rs.9,355.77 crore, from Rs.8,680.92 crore a year ago, the bank said.

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IndusInd Bank Q2 deposits grow 10.26%

Private lender IndusInd Bank registered a 10.26% year-on-year increase in its deposits and a 2% rise in its net advances during September quarter. However, the bank’s current account savings account (CASA) ratio in the September quarter declined 100 basis points year-on-year to 40.4%.

In a provisional data released on exchanges, the bank said that its deposits grew by 10.26% to Rs 2.28 lakh crore, compared to Rs 2.07 lakh crore in the same period last year.

Its deposits stood at Rs 2.11 lakh crore at the end of the first quarter of financial year 2020-21.

The bank also specified that deposits from retail and small business customers amounted to Rs 75,610 crore during September quarter, compared to Rs 67,318 crore as of June 30, 2020.

Net advances grew by 2% year-on-year to Rs 2 lakh crore, compared to Rs 1.97 lakh crore a year ago.

The advances stood at Rs 1.98 lakh crore as on June 30, 2020.

CASA ratio stood at 40.4% at the end of the second quarter, down 100 basis points compared to 41.4% as on September 30, 2019. CASA ratio remained at 40.1% at the end of June quarter.

Private lender HDFC Bank had earlier disclosed that its advances in September quarter grew 16% and deposits grew at 20% year-on-year.

Similarly current account savings account (CASA) ratio of the bank grew by 270 basis points year-on-year to 42% during September quarter.

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IndusInd bank Q1 result : net profit falls 68%

Private sector lender IndusInd Bank on Tuesday said that it will raise Rs3,288 crore through a preferential issue of shares to its promoter Hinduja group and other institutional investors.

Promoter entities, including Hinduja Capital and IndusInd International, will infuse Rs.792 crore. Investors participating in the issue include Route One Fund and Route One Offshore, which will together contribute Rs.935 crore. The RBI had earlier approved an investment of up to 10% by Route One in IndusInd Bank. Other investors include ICICI Prudential Life Insurance, Tata Investment Corp Ltd and AIA Co Ltd. The preferential issue shares will be allotted at a price of Rs524 apiece.

Also announcing its Q1 results on Tuesday, the lender reported a 67.86% decline for June quarter profit, dented by higher provisions. The profit during the quarter declined to Rs.460.40 crore compared to Rs.1432.50 crore reported in the same quarter last year. Profit was lower than Rs.724.90 crore estimated by a Bloomberg poll of 16 analysts.

Net interest income, the difference between interest earned and interest expended, grew by 16.36% YoY to Rs.3309.19 crore in Q1 over Rs.2843.99 crore for the corresponding quarter last year.

Provisions during the quarter increased more than four-folds to Rs.2258.88 crore as against ₹430.62 crore a year ago.

Asset quality was almost stable with gross non-performing assets (NPAs) as a percentage of total loan rose to 2.53% as compared to 2.15% a year ago and 2.45% in the previous quarter ending March 2020. Net NPAs fell to 0.86% from 1.23% in the same quarter last year and 0.91% in the previous quarter.

“We have done a stress test end of June. After reviewing the businesses, our slippages will be 92 bps higher than what is normal as a consequence of covid and our incremental provision cost will be 65 bps against 53 bps which we had said in covid 1.0. The overall affected number is ₹1336 crore of which we had made ₹1206 crore of provision," said Sumanth Kathpalia, managing director and chief executive officer, Indusind bank

Non-interest income fell 8.66% to Rs.1519.19 crore as compared to Rs.1663.25 crore in Q1FY20.

Loan growth fell 4.2% to Rs.1.98 lakh crore at the end of June quarter compared to Rs.2.06 lakh crore at the end of previous quarter. Loan book under moratorium reduced to 16% as of June 2020 from 50% as of April 2020.

While the management avoided giving any targets on credit growth for the full year, they said that the bank will continue to be conservative and yet they see some pick up in loan growth in micro, small and medium enterprises (MSME) sector in the coming months.

“We are seeing green shoots in vehicle finance and we are going slow on unsecured portfolio," said

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Indusind bank Q4 profit falls 77%

Private sector lender IndusInd Bank on April 27 reported a March quarter profit at Rs 301.84 crore, which was much lower than the average of estimates of analysts polled by CNBC-TV18 pegged at Rs 537.3 crore.

The profit declined 76.8 percent compared to the previous quarter's net at Rs 1,300.2 crore, impacted by higher provisions and lower other income, but lower tax (down 77 percent QoQ) limited the decline.

Numbers are non-comparable year-on-year as Bharat Financial Inclusion was merged in July last year.

Net interest income for the quarter grew by 5.1 percent sequentially to Rs 3,231.2 crore, which was better than the CNBC-TV18 poll estimates of Rs 2,917 crore.

Net interest margin for Q4FY20 improved to 4.25 percent, from 4.15 percent in the previous quarter and 3.59 percent in the corresponding period last year.

Provisions and contingencies shot up 133.9 percent quarter-on-quarter to Rs 2,440.32 crore on account of COVID-19-led uncertainty but provision coverage ratio improved to 63.34 percent from 52.53 percent QoQ, IndusInd Bank said in its BSE filing.

"There is a high level of uncertainty about the duration of the lockdown due to COVID-19 pandemic and the time required for things to get normal. In this backdrop, during the quarter and year ended March 31, 2020, the bank has made a counter cyclical buffer/ floating provision of Rs 260 crore," it said.

In line with the RBI suggestion, the bank offered a moratorium on loan repayments and interest payable to eligible borrowers.

"In respect of such borrowers to whom the benefit of asset classification was extended consequent to the moratorium, the bank made a general provision of Rs 23 crore during the quarter and year ended March 31, 2020," IndusInd said.

On the asset quality front, gross non-performing assets (NAPs) as a percentage of gross advances rose 27 bps QoQ to 2.45 percent in January-March quarter, but net NPAs declined 14 bps sequentially to 0.91 percent in Q4FY20.

Other income (non-interest income) during the quarter dropped 1 percent sequentially to Rs 1,772 crore, but pre-provision operating profit registered a 3.3 percent QoQ growth at Rs 2,836.17 crore in Q4FY20.

For the financial year ended March 2020, IndusInd Bank reported a 33.8 percent growth in profit compared to the previous year but the growth was constrained by higher provisions (up 50 percent), while net interest income grew by 36.3 percent to Rs 12,058.74 crore during the year.

Earlier this month, Moody's Investors Service placed domestic and foreign currency issuer ratings of Baa3/P-3 under review for downgrade.

The bank's ba1 baseline credit assessment (BCA) and adjusted BCA have also been placed under review for downgrade by the global rating agency.

The stock price crashed 80.3 percent during the financial year 2019-20 and 77 percent during the January-March quarter due to the COVID-19-led correction, deposits outflow and exposure to telecom sector.

The year-to-date fall was 73.5 percent

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IndusInd Bank Q3 result, asset quality worsens

Private lender IndusInd Bank on Tuesday posted 32 per cent year-on-year rise in profit at Rs 1,300 crore for the quarter ended December 31, thanks to a healthy growth in retail and treasury revenue.

However, spike in provisions and worsening asset quality remains main concerns.

Romesh Sobti, Managing Director & CEO of Induslnd Bank said: "During Q3FY20, the bank witnessed a healthy growth in its topline as well as in operating profit. We reached a milestone as the balance sheet footage crossed Rs 3 lakh crore and advances crossed the Rs 2 lakh crore mark. PCR increased to 53 per cent to strengthen the balance sheet. We look forward to moving into the subsequent quarters with renewed momentum."

Here are the key takeaways from the bank’s Q3 earnings:

Provisions spike

Provisions for bad loans jumped as IndusInd Bank kept aside Rs 1,043.45 crore in the December quarter this fiscal compared with Rs 606.68 in the same quarter a year ago. This translates into a jump of 72 per cent.

Employee costs jump

Employee costs jumped 22 per cent to Rs 550 crore from Rs 452 crore. This can be explained by a significant number of branch additions by the lender. The bank operates via 1,851 branches now against 1,558 branches as on December 31, 2018.

Asset quality drops

Asset quality of the bank worsened year-on-year as gross non-performing assets (NPA) more than doubled to Rs 4,578 crore from Rs 1,968.15. In percentage terms it went up to 2.18 per cent from 1.13 per cent a year ago. Net NPA edged higher to 1.05 per cent to 0.59 per cent.

Retail revenue grows 32 per cent

Revenue from retail business rose 31.6 per cent year-on-year to Rs 5,026 crore from Rs 3,819 crore. Treasury operations also saw a strong growth of 25 per cent to Rs 1,460 crore while revenue from corporate banking lagged, growing at just 9.3 per cent to Rs 2,589 crore.

NII rises 34 per cent

Net Interest Income (Nll) for the quarter was at Rs 3,074 crore against Rs 2,288 crore in the corresponding quarter last year, registering a growth of 34 per cent. Non-interest income for the quarter was at Rs 1,790 crore compared with Rs1,469 crore, a growth of 22 per cent.

Loans portfolio grows 20 per cent

Total advances as of December 31, was Rs 2,07,414 crore compared with Rs 1,73,169 crore on December 31, 2018, recording a growth of 20 per cent.

Total deposits as on December 31, was at Rs 2,16,713 crore against Rs 1,75,701 crore, up by 23 per cent. Total business of the bank stood at Rs 4,24,127 crore.

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Indusind bank Q2 profit falls 3.4% QoQ

Private sector lender IndusInd Bank reported a 3.4 percent sequential decline in September quarter profit, dented by higher provisions and slow net interest income growth.

The profit during the quarter declined to Rs 1,383.37 crore compared to Rs 1,432.5 crore reported in June quarter while the year-on-year (YoY) rise was 69 percent.

Net interest income, the difference between interest earned and interest expended, grew by 2.3 percent quarter-on-quarter (QoQ) (32 percent sequentially) to Rs 2,909.5 crore in Q2 with 5bps improvement in net interest margin at 4.10 percent QoQ.

The stock slipped 5 percent to Rs 1,245 at the time of publishing this copy due to higher slippages and weak management commentary.

The loan growth for the September quarter stood at 20.8 percent YoY and 1.9 percent QoQ.

"The loan growth is at multi-year low. We expect slowdown to play out over next couple of quarters," CEO Romesh Sobti said while addressing a press conference.

Numbers were largely stable as the profit was expected at Rs 1,379.8 crore and the net interest income at Rs 2,987.3 crore for the quarter, according to a poll of analysts conducted by CNBC-TV18,

On the asset quality front, the gross non-performing assets (NPA) increased to 2.19 percent in Q2 against 2.15 percent in previous quarter, but the net NPA declined to 1.12 percent against 1.23 percent on sequential basis.

IndusInd Bank reported slippages at Rs 1,102 crore in the quarter ended in September, which was quite higher compared to Rs 725 crore in the June quarter due to 174 percent increase in corporate slippages (at Rs 479 crore) and 13 percent in consumer slippages (at Rs 623 crore).

Provisions during the quarter remained elevated at Rs 737.7 crore, rising 71.3 percent compared to Q1FY20 and the YoY increase was 25 percent.

The provision coverage ratio improved to 50 percent in the September quarter against 43 percent reported in the June period.

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IndusInd Bank net profit jumps 38% in Q1 result

Private sector lender IndusInd Bank on Friday reported 38.3% jump in its net profit at ₹1,432.50 crore for the June quarter of this fiscal. The bank had posted a net profit of ₹1,035.72 crore in the corresponding period of the preceding fiscal ended March 2019.

The lender's net interest income rose to ₹2,844 crore, as compared to ₹2,122 crore in the year-earlier quarter.

Total income grew to ₹8,624 crore during the June quarter of 2019-20 under review, as against ₹6,369 crore in the same period of 2018-19, IndusInd Bank said in a regulatory filing.

On the asset front, the lender witnessed an uptick with the gross non-performing assets (NPAs) rising to 2.15% of the gross advances at the end of June 2019, as against 1.15% by end of June 2018.

Likewise, the net NPAs or bad loans too jumped to 1.23%, from 0.51% in the year ago period.

A rise in NPAs ratio led to a higher provisioning and contingencies at ₹430.62 crore for April-June, 2019-20, as compared to ₹350 crore set aside during the same period of the fiscal ended March 2019.

"While net interest income was in line with expectations, net profit numbers were much higher led by lower than expected provisions," said Mona Khetan, banking analyst at Reliance Securities.

The bank said the results for the first quarter of this fiscal includes the operating performance of Bharat Financial Inclusion Ltd (BFIL), which has been merged with the lender now.

"We have successfully completed the merger with BFIL. During this quarter, the Bank has witnessed healthy growth in its topline as well as in operating profits and will now push forward into the subsequent quarters basis our strong belief in new opportunities, especially in rural India," Romesh Sobti, MD & CEO, IndusInd Bank said in a statement.

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IndusInd Bank Q4 profit down 62%, asset quality deteriorates

Private sector lender IndusInd Bank today reported a fall in net profit in the fourth quarter, hurt by higher provisions for bad loans. Net profit fell to Rs.360 crore for the quarter ended March 31, 2019, as compared to Rs.953 crore in the year earlier period. Provisions for bad loans increased to Rs.1,560 crore in the March quarter, as against Rs.606 crore in December quarter and Rs.335 crore in the March quarter of the previous year.

During the quarter, IndusInd Bank classified Rs.3,004 crore infra assets of IL&FS group as NPA during the quarter. Its provision for exposure to IL&FS holding company increased to 70% and to IL&FS operating companies/Special Purpose Vehicle (SPVs) increased to 25%.

Asset quality deteriorated, with both gross as well as net NPA as a percentage of total loans increasing in the March quarter. Gross NPAs a percentage of total loans increased to 2.1% in March quarter, against 1.13% in the December quarter. Similarly, net NPA also increased to 1.21%, from 0.59%.

However, the bank reported a 10% increase in net interest income to Rs.2,240 crore in the March quarter. IndusInd Bank has recommended a dividend of Rs. 7.50 per share.

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IndusInd Bank reports marginal rise in Q3 profit

Indusind Bank on Wednesday reported a marginal rise in its December-quarter net profit due to higher provisions and contingencies. Net profit for the quarter rose 4.6% to Rs 985.03 crore from Rs 936.25 crore a year ago. According to Bloomberg estimates, the lender was expected to post a profit of Rs 810.50 crore.

Bloomberg reported that Indusind’s IL&FS total provision was at Rs 600 crore, and that the bank has Rs 2000 crore exposure to IL&FS Holding company.

Provisions and contingencies surged 156.89% to Rs606.68 crore in the quarter from Rs236.16 crore a year ago. On a quarter-on-quarter basis, it rose marginally 2.78% from Rs590.27 crore.

Net interest income (NII), or the core income a bank earns by giving loans, was up 20.76% to Rs2288.09 crore versus Rs1894.81 crore last year. Other income was at Rs1468.85 crore, up 23.77% from Rs1186.76 crore a year ago.

Gross non-performing assets (NPAs) rose 31.32% to Rs1968.15 crore at the end of the December quarter from Rs1498.70 crore in the same quarter last year.

As a percentage of total loans, gross NPAs was at 1.13% as compared with 1.16% in the year-ago quarter. Net NPAs were at 0.59% against 0.46% a year ago.

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Indusind bank Q2 profit rise 4.6%, NPA rise

Indusind Bank on Monday reported a 4.6% rise in its September-quarter net profit due to higher provisions and contingencies. Net profit for the quarter stood at Rs 920.25 crore against Rs 880.10 crore a year ago. On quarter on quarter basis, net profit declined 11.15% from Rs 1035.72 crore. According to Bloomberg, the lender expected to post a profit of Rs 920 crore.

Net interest income (NII), or the core income a bank earns by giving loans, was up 21% to Rs2203.28 crore versus Rs1820.99 crore last year. Other income was at Rs1317.28 crore, up 11% from Rs1187.57 crore a year ago.

Provisions and contingencies surged 100.94% to Rs590.27 crore in the quarter from Rs293.75 crore a year ago. On a quarter-on-quarter basis, it jumped 68.64% from Rs350.01 crore.

Gross non-performing assets (NPAs) rose 32.42% to Rs1781.36 crore at the end of the September quarter from Rs1345.28 crore in the same quarter last year.

As a percentage of total loans, gross NPAs stood at 1.09% as compared with 1.08% in the year-ago quarter. Net NPAs were at 0.48% against 0.44% a year ago.

Advances for the quarter grew 32.44% to Rs 1.63 trillion while deposits rose 19% to Rs 1.68 trillion.

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