StockWatch
·
Private Sector Bank
Quarterly Result23 Oct 2026, 04:23 pm

Indusind Bank Q2 FY27 Net Profit Surges 51% QoQ to ₹1,242 Cr

AI Summary

Indusind Bank announced its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026. The bank reported a net profit of ₹1,242 crores for Q2 FY27, a significant 51% increase quarter-on-quarter from the normalized profit of ₹824 crores in Q1 FY27. Net Interest Income for Q2 FY27 stood at ₹4,569 crores, up from ₹4,409 crores in Q2 FY26. Fee and other income also saw a substantial rise to ₹2,248 crores from ₹1,651 crores year-on-year. The bank's net profit for the half-year ended September 30, 2026, was ₹2,279 crores, a marked improvement from ₹167 crores in the corresponding previous half-year. Deposits grew to ₹4,28,832 crores from ₹3,89,600 crores, and Gross NPA improved to 2.73% from 3.60% year-on-year.

Key Highlights

  • Q2 FY27 Net Profit ₹1,242 Cr, up 51% QoQ.
  • Net Interest Income ₹4,569 Cr in Q2 FY27.
  • Deposits grew to ₹4,28,832 Cr from ₹3,89,600 Cr YoY.
  • Gross NPA improved to 2.73% from 3.60% YoY.
  • Half-year Net Profit ₹2,279 Cr vs ₹167 Cr previous year.