IndusInd Bank Posts Profit of ₹1,242 Crores in Q2; Asset Quality Improvement and Interest Income Drives Growth
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4 Articles
IndusInd Bank posts Rs 1,242 crore net profit on lower provisions
IndusInd Bank reported an impressive consolidated net profit of ₹1,242 crore for the September quarter, marking a robust recovery from the previous year's loss of ₹437 crore. This turnaround stems from decreased provisions and heightened fee income, alongside encouraging trends in asset quality, evidenced by reduced non-performing asset ratios. The bank's financial outlook showcases a significant improvement in both growth and profitability.
IndusInd Bank Q2 Profit Rises 51% QoQ to ₹1,242 Crore
Q2 FY 2026-27 Key Highlights Consolidated financial results Net profit for Q2 FY27 is ₹1,242 crores as compared to Net Loss of ₹437 crores for Q2 FY26 Net profit at ₹1,242 crores for Q2 FY27 up by 51% QoQ against normalized profit of ₹824 crores for Q1 FY 27 Net Interest Income (NII) in Q2 FY27 is at ₹4,569 crores as compared to ₹4,409 crores in Q2 FY26 NIM at 3.23% for Q2 FY27 as compared to 3.32% for Q2 FY26 Net worth at ₹65,985 crores in Q2 …
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