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IndusInd Bank's Q4 Profit Soars Past Estimates
24 Apr
Summary
- Net profit reached ₹594.2 crore, significantly exceeding estimates.
- Net interest income rose 43.4% year-on-year to ₹4,372 crore.
- Gross NPAs decreased to 3.43%, improving asset quality sequentially.
IndusInd Bank announced a strong financial performance for the March quarter, with its net profit reaching ₹594.2 crore. This figure significantly surpassed the CNBC-TV18 poll estimate of ₹420.4 crore and marked a substantial recovery from the previous year's loss.
The bank's net interest income (NII) saw a notable year-on-year increase of 43.4%, amounting to ₹4,372 crore. This growth reflects improved lending activities and margins during the period.
Asset quality showed sequential improvement, with gross non-performing assets (NPAs) falling to 3.43% and net NPAs easing to 1%. The bank maintained strong capital adequacy at 17.48% as of March-end.
Furthermore, IndusInd Bank proposed the appointment of Ganesh Sankaran and Jagdeep Mallareddy as Executive Directors. As of March 31, 2026, the bank operated a network of 3,136 branches, serving approximately 42 million clients.
