IndusInd Bank Q1 Results: Profit Jumps 47% As Provisions Decline; NII Up Marginally

IndusInd Bank Ltd., saw its net profit jump 47% to Rs 1,003 crore for first quarter of fiscal 2026-27, according to financial results data in the company's exchange filing on Monday. The firm's provisions at Rs. 1,340 crore, down 9.7% from the the previous quarter's Rs. 1,484 crore. The bank's net interest income (NII) was up 1% to Rs 4,685 crore, compared to previous fiscal's Rs 4,640 crore. The gross non-performing assets contracted to 3.25% from 3.46%.

ALSO READ: Infosys Q1 Preview: Profit Seen Falling 9%; Brokerages Split On FY27 Guidance

The company's operating profit increased 1.2% to Rs 2,683 crore from Rs 2,652 crore in the prior financial year. The bank's Net NPA ( non performing assets) reduced to 0.95% from 1% in the previous quarter. The gross NPA declined to 3.25% from the prior financial year's 3.43% quarter-on-quarter.

IndusInd Bank Q1FY27 Highlights (YoY)

• Net profit up 46.5% to Rs 1,003 crore versus Rs 684 crore

• Net NPA at 0.95% versus 1% QoQ

• Gross NPA at 3.25% versus 3.43% QoQ

• NII up 1% to Rs 4,685 crore versus Rs 4,640 crore

• NIM at 3.57% versus 3.46%

• Operating profit up 1.2% to Rs 2,683 crore versus Rs 2,652 crore

IndusInd Bank Stock Price Movement

IndusInd Bank Ltd.'s share price saw a 0.55% uptick to Rs 1,069.30, at the end of the day's trade, compared to a 0.79% downturn of the NSE Nifty 50.

The stock opened at Rs 1,058.00, compared to its previous close of Rs 1,063.45. During today's trading session, IndusInd Bank Ltd. share price moved in the range of Rs 1,055.65 to Rs 1,077.85.

ALSO READ: UCO Bank Q1 Results: Profit Rises 8% As Provisions Slip, Asset Quality Improves

Looking at its last 52-week performance, the stock has touched a low of Rs 710.60 and a high of Rs 1,068.80. On the performance front, IndusInd Bank Ltd. share price is up 26.81% on a year-on-year basis.

The market capitalization of IndusInd Bank Ltd. is Rs 57,611.18 crore , with a P/E ratio of 11.44.

Source: NDTV Trending