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Quarterly Results

INDUSINDBK · IndusInd Bank Limited · NSE · Filed 23 Oct · 1 min read

IndusInd Bank swings back to profit in Q2 FY27

The bank reported a net profit of ₹1,242 crore for the quarter ended September 30, 2026, reversing a net loss of ₹437 crore a year earlier.

What the filing reports

IndusInd Bank's board approved its unaudited consolidated and standalone results for the quarter and half year ended September 30, 2026, at a meeting on October 23, 2026. The headline is a swing back to profit: the bank earned a net profit in Q2 FY27 against a net loss in the corresponding quarter a year earlier, and said the quarter's profit was up 51% over a normalized ₹824 crore profit in Q1 FY27.

The filing frames the quarter around what MD and CEO Rajiv Anand described as progress in "rebuilding momentum" — stronger growth, improved profitability and what the bank called encouraging asset-quality trends.

Earnings, asset quality and balance sheet

Net interest income rose year-on-year while net interest margin eased slightly. Pre-provision operating profit and net revenue both improved over the year-ago quarter, helped by higher fee income and lower provisions and contingencies.

Asset-quality ratios improved year-on-year and sequentially, with gross and net NPA ratios lower than at June 30, 2026. Deposits and advances both grew over the prior year, and the bank reported what it called a healthy liquidity position. Capital adequacy under Basel III eased from a year earlier but remains above regulatory thresholds per the disclosed figures.

Governance and network

The filing also discloses a board appointment: Ms. Priyanka Sinha as Additional Director in the Non-Executive Independent Director category, for four years from October 23, 2026 to October 22, 2030, subject to shareholder approval.

The bank's distribution network stood at 3,139 branches/banking outlets and 2,773 ATMs as of September 30, 2026, serving approximately 42 million customers. The commentary ties the quarter's results to work over the past year on leadership, governance and risk standards.

Net profit / (loss) Q2 FY26
Net Loss of ₹437 → ₹1,242 crQ2 FY26 → Q2 FY27
Net Interest Income Q2 FY26
₹4,409 → ₹4,569 crQ2 FY26 → Q2 FY27+4%‡
NIM Q2 FY26
3.32% → 3.23%Q2 FY26 → Q2 FY27−3%‡
PPOP Q2 FY26
₹2,047 → ₹2,874 crQ2 FY26 → Q2 FY27+40%‡
Fee and other income Q2 FY26
₹1,651 → ₹2,248 crQ2 FY26 → Q2 FY27+36%‡
Net Profit H1 FY26
₹167 → ₹2,279 crH1FY2025-26 → H1FY2026-27+1265%‡
Gross NPA Q2 FY26
3.60% → 2.73%Q2 FY26 → Q2 FY27−24%‡
Net NPA Q2 FY26
1.04% → 0.83%Q2 FY26 → Q2 FY27−20%‡
Deposits Sep 30,
₹3,89,600 → ₹4,28,832 crQ2 FY26 → Q2 FY27+10%‡
Advances Sep 30,
₹3,25,881 → ₹3,63,104 crQ2 FY26 → Q2 FY27+11%‡
Capital Adequacy Ratio (CRAR) Sep 30,
17.10% → 16.59%Q2 FY26 → Q2 FY27−3%‡
Provisions & contingencies Q2 FY26
₹2,631 → ₹1,223 crQ2 FY26 → Q2 FY27−54%‡
Provision Coverage Ratio Q2 FY27
70.19%

‡ Computed by us from the filing’s own figures — not a company-stated number.

The quarter marks a swing from a year-ago loss to a profit alongside improved NPA ratios and growth in deposits and advances, which bears on how holders read the bank's recovery after a difficult period. The disclosed change in capital adequacy and the pending independent-director appointment are additional details a holder may wish to track.

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