Earnings Review
IndusInd Bk back in black from qtr ago; PAT trails mkt view
This story was originally published at 18:20 IST on 23 January 2026
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--IndusInd Bank Oct-Dec net profit INR 1.61 bln vs INR 14.01 bln yr ago
--Analysts saw IndusInd Bank Oct-Dec net profit at INR 2.45 bln
--IndusInd Bank Oct-Dec total income INR 130.79 bln vs INR 151.51 bln yr ago
--IndusInd Bank Oct-Dec provisions INR 20.89 bln vs INR 17.44 bln year ago
--IndusInd Bank deposits at INR 3.94 tln as on Dec 31, down 4% on yr
--IndusInd Bank advances INR 3.18 tln as on Dec 31 vs INR 3.67 tln year ago
--IndusInd Bank Oct-Dec liquidity coverage ratio 122%
--IndusInd Bank provision coverage ratio 71.50% as on Dec 31
--IndusInd Bank deposits INR 3.94 tln as on Dec 31 vs INR 3.90 tln qtr ago
--IndusInd Bank Oct-Dec net interest margin 3.52% vs 3.32% quarter ago
--IndusInd Bank Oct-Dec net interest income INR 45.62 bln, down 13% on year
--IndusInd Bank Basel III capital adequacy ratio 16.94% as on Dec 31
--IndusInd Bank net NPA ratio 1.04% as on Dec 31 unchanged on qtr
--IndusInd Bank gross NPA ratio 3.56% as on Dec 31 vs 3.60% qtr ago
--IndusInd Bank Apr-Dec total income INR 407.56 bln vs INR 450.10 bln yr ago
--IndusInd Bank MD: Cautious on microfinance disbursements
--IndusInd Bank Apr-Dec net profit INR 4.00 bln vs INR 48.79 bln yr ago
By Krity Ambey
NEW DELHI – IndusInd Bank's quarterly performance improved sequentially as it returned to black in the December quarter. However, a sharp rise in provisions and a decline in income dragged the lender's net profit below an already subdued Street estimate.
The bank's bottom line fell nearly 89% on year to INR 1.61 billion in the December quarter, undershooting analysts' expectation of INR 2.45 billion. IndusInd Bank had reported a loss of INR 4.45 billion in the preceding quarter.
IndusInd Bank's total income declined 14% on year to INR 130.79 billion in the December quarter. Of this, the net interest income stood at INR 45.62 billion, down 13% on year but above the Street estimate of INR 43.46 billion. Sequentially, the net interest income rose 3%. The bank's net interest margin improved to 3.52% in the quarter ended Dec. 31 from 3.32% in the preceding quarter.
Provisions surged 20% on year to INR 20.89 billion during the quarter, although it declined 20% sequentially from INR 26.22 billion in the September quarter. The bank's provision coverage ratio stood at 71.50% as of Dec. 31, down 28 basis points on quarter but higher by 133 basis points from a year earlier.
Advances and deposits contracted for the fourth consecutive quarter in Oct–Dec, declining 13% and 4% on year to INR 3.18 trillion and INR 3.94 trillion, respectively. Asset quality showed sequential improvement but weakened compared with the year-ago period. The gross non-performing asset ratio eased to 3.56% as of Dec. 31 from 3.60% as of Sept. 30, but remained sharply higher than 2.25% a year earlier. The net NPA ratio was unchanged on quarter at 1.04%, compared with 0.68% in the corresponding period last year.
The lender reported a capital adequacy ratio of 16.94% and a liquidity coverage ratio of 122% as of Dec. 31.
For Apr–Dec, IndusInd Bank's net profit fell 92% on year to INR 4.00 billion, while total income declined over 9% to INR 4.08 trillion. Shares of the bank, which announced its earnings after market hours, ended 1% lower on Friday at INR 892.45 on the National Stock Exchange. End
Edited by Akul Nishant Akhoury
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