/images/ppid_59c68470-image-179275512628845070.webp)
/images/ppid_59c68470-image-179275252237590080.webp)
/images/ppid_59c68470-image-179268004169041236.webp)
What is the story about?
Private sector lender IndusInd Bank Ltd on Friday (October 23) reported a net profit of ₹1,242 crore for the September quarter, compared with a loss of ₹437 crore in the year-ago period, beating the CNBC-TV18 poll estimate of ₹1,066 crore.
Net interest income (NII), the difference between interest earned and interest expended, rose 3.6% year-on-year (YoY) to ₹4,569 crore from ₹4,409 crore. However, the figure was below the CNBC-TV18 poll estimate of ₹4,710 crore.
Operating profit increased 40.4% YoY to ₹2,875 crore from ₹2,047 crore, surpassing the CNBC-TV18 poll estimate of ₹2,687 crore.
ALSO READ | IndusInd Bank Q2 Update: Net advances rise 11% to ₹3.62 lakh crore, deposits up 10%
On the asset quality front, the bank's gross non-performing assets (NPA) ratio improved to 2.73% in the September quarter from 3.25% in the previous quarter. The net NPA ratio declined to 0.83% from 0.95% quarter-on-quarter (QoQ).
IndusInd Bank held total loan-related provisions of ₹9,012 crore as of September 30, 2026, equivalent to 2.48% of its loans.
The provisions included ₹7,023 crore in specific provisions for non-performing accounts towards the provision coverage ratio (PCR), ₹70 crore in floating provisions towards PCR, and ₹1,919 crore in standard asset provisions, including provisions for restructured accounts.
The bank's provision coverage ratio stood at 70%, while total loan-related provisions were equivalent to 89% of gross non-performing assets (GNPA).
ALSO READ | Explained - Why Jefferies has the highest target but CLSA downgraded IndusInd Bank after Q1 results
IndusInd Bank reported an acceleration in business momentum across segments in Q2 FY27, with average total deposits rising 7% quarter-on-quarter (QoQ) and average retail deposits increasing 5%. Average total loans grew 9% QoQ, with average retail loans and average wholesale loans also rising 9% each. Retail deposits accounted for 49% of the deposit mix, compared with 49.5% in the previous quarter.
The provision coverage ratio (PCR) stood at 70%, compared with 71% QoQ. Net security receipts declined to 0.03% from 0.07%, the restructured book fell to 0.04% from 0.05%, and Special Mention Accounts (SMA) 1 and SMA 2 declined to 0.05% from 0.12%.
Net interest income (NII) declined 2% QoQ to ₹4,569 crore. Net interest margin (NIM) stood at 3.23%, compared with 3.57% in the previous quarter. The bank said the NIM impact from mobilisation of Foreign Currency Non-Resident (FCNR) deposits was offset by other profit-and-loss line items.
ALSO READ | IndusInd Bank sees improving slippages, rules out immediate capital raise
Pre-provision operating profit (PPOP) increased 4% QoQ to ₹2,874 crore. Annualised return on assets (RoA) improved to 0.87% from 0.78%, while return on equity (RoE) increased to 7.37% from 6.26% QoQ.
IndusInd Bank's capital adequacy ratio (CRAR) stood at 16.59%, comprising Tier I capital of 15.55% and Tier II capital of 1.04%. The average liquidity coverage ratio (LCR) stood at 127%. Its annualised return on assets (RoA) stood at 0.87%. IndusInd Bank reported deposits of ₹4,28,832 crore and had a customer base of 42 million.
Wholesale banking accounted for 42% of the loan book, while retail banking accounted for 58%. Retail deposits constituted 49% as per the liquidity coverage ratio (LCR).
Shares of IndusInd Bank Ltd ended at ₹835.00, down by ₹15.00, or 1.76%, on the BSE.
Net interest income (NII), the difference between interest earned and interest expended, rose 3.6% year-on-year (YoY) to ₹4,569 crore from ₹4,409 crore. However, the figure was below the CNBC-TV18 poll estimate of ₹4,710 crore.
Operating profit increased 40.4% YoY to ₹2,875 crore from ₹2,047 crore, surpassing the CNBC-TV18 poll estimate of ₹2,687 crore.
ALSO READ | IndusInd Bank Q2 Update: Net advances rise 11% to ₹3.62 lakh crore, deposits up 10%
On the asset quality front, the bank's gross non-performing assets (NPA) ratio improved to 2.73% in the September quarter from 3.25% in the previous quarter. The net NPA ratio declined to 0.83% from 0.95% quarter-on-quarter (QoQ).
IndusInd Bank held total loan-related provisions of ₹9,012 crore as of September 30, 2026, equivalent to 2.48% of its loans.
The provisions included ₹7,023 crore in specific provisions for non-performing accounts towards the provision coverage ratio (PCR), ₹70 crore in floating provisions towards PCR, and ₹1,919 crore in standard asset provisions, including provisions for restructured accounts.
The bank's provision coverage ratio stood at 70%, while total loan-related provisions were equivalent to 89% of gross non-performing assets (GNPA).
ALSO READ | Explained - Why Jefferies has the highest target but CLSA downgraded IndusInd Bank after Q1 results
IndusInd Bank reported an acceleration in business momentum across segments in Q2 FY27, with average total deposits rising 7% quarter-on-quarter (QoQ) and average retail deposits increasing 5%. Average total loans grew 9% QoQ, with average retail loans and average wholesale loans also rising 9% each. Retail deposits accounted for 49% of the deposit mix, compared with 49.5% in the previous quarter.
The provision coverage ratio (PCR) stood at 70%, compared with 71% QoQ. Net security receipts declined to 0.03% from 0.07%, the restructured book fell to 0.04% from 0.05%, and Special Mention Accounts (SMA) 1 and SMA 2 declined to 0.05% from 0.12%.
Net interest income (NII) declined 2% QoQ to ₹4,569 crore. Net interest margin (NIM) stood at 3.23%, compared with 3.57% in the previous quarter. The bank said the NIM impact from mobilisation of Foreign Currency Non-Resident (FCNR) deposits was offset by other profit-and-loss line items.
ALSO READ | IndusInd Bank sees improving slippages, rules out immediate capital raise
Pre-provision operating profit (PPOP) increased 4% QoQ to ₹2,874 crore. Annualised return on assets (RoA) improved to 0.87% from 0.78%, while return on equity (RoE) increased to 7.37% from 6.26% QoQ.
IndusInd Bank's capital adequacy ratio (CRAR) stood at 16.59%, comprising Tier I capital of 15.55% and Tier II capital of 1.04%. The average liquidity coverage ratio (LCR) stood at 127%. Its annualised return on assets (RoA) stood at 0.87%. IndusInd Bank reported deposits of ₹4,28,832 crore and had a customer base of 42 million.
Wholesale banking accounted for 42% of the loan book, while retail banking accounted for 58%. Retail deposits constituted 49% as per the liquidity coverage ratio (LCR).
Shares of IndusInd Bank Ltd ended at ₹835.00, down by ₹15.00, or 1.76%, on the BSE.
/images/ppid_59c68470-image-179275751903611041.webp)
/images/ppid_59c68470-image-17927426319571014.webp)
/images/ppid_59c68470-image-179275015054011514.webp)
