IndusInd Bank’s consolidated net profit for Q3FY26 stood at Rs 128 crore, down 91% on a YoY basis from the Rs 1,402 crore profit it had posted for Q3FY25.
However, on a sequential basis, the numbers saw an improvement, as for Q2FY26 the bank had reported a net loss of Rs 437 crore. The profit for the reporting quarter came in on the back of a sequential drop in provisions.
Sequentially, the bank’s provisions dropped 20% to Rs 2,096 crore as compared to Rs 2,631 crore reported for Q2FY26. However, on a YoY basis, the provisions rose 20% from Rs 1,744 crore reported in Q3FY25.
Additionally, the bank’s net interest income (NII) also saw a sequential rise of 3% to Rs 4,562 crore. While YoY, the NII contracted by 13% as for Q3FY25 it stood at Rs 5,228 crore.
IndusInd Bank: Q3FY26 Key highlights
The bank’s gross non-performing asset (NPA) ratio stood at 3.56%, up 131 basis points from 2.25% reported in the same quarter last year. Sequentially, the gross NPA fell by 4 basis points from 3.6% reported in Q2FY26.
IndusInd’s deposits fell 4% YoY to Rs 3.93 lakh crore, from Rs 4.09 lakh crore reported in Q3FY25. However, on a QoQ basis, the deposit book rose 1% from Rs 3.89 lakh crore reported for Q2FY26.
Also, borrowings stood at Rs 39,242 crore, marking a 22% decline from Rs 50,087 crore reported for Q3FY25. The bank’s borrowings were down 13% on a sequential basis from Rs 45,350 crore.
IndusInd Bank: Share price movement
The bank’s shares were trading in the red as they closed on Friday. Over the past one month, the IndusInd bank’s stock has delivered a return of nearly 6%. Over the past six months, the company’s stock has delivered a return of over 5%.
However, over the past one year, the bank’s stock has declined by nearly 8