IndusInd Bank Q3 Results: Profit beats estimates but falls 39% on-year; NPAs rise

Private sector lender IndusInd Bank reported its Q3 FY25 financial results on January 30 (Tuesday). The bank’s net profit declined 39% year-on-year to ₹1,402.3 crore from ₹2,301 crore in the same quarter last year. However, the figure surpassed CNBC-TV18’s poll estimate of ₹1,271 crore.

Net interest income (NII), a key measure of a bank’s profitability, fell 1.3% to ₹5,228.1 crore from ₹5,295.6 crore a year ago. The number also came in below expectations, with analysts forecasting NII at ₹5,343 crore.

On the asset quality front, the bank saw a rise in bad loans. Gross non-performing assets (GNPA) increased to ₹8,375.3 crore from ₹7,638.5 crore in the previous quarter.

As a percentage of total advances, the GNPA ratio stood at 2.25%, deteriorating from 2.11% in Q2 FY25. Net NPAs rose to ₹2,495.8 crore from ₹2,282 crore sequentially, with the NNPA ratio moving up to 0.68% from 0.64%.Also read: Equitas SFB Q3 Results: Net profit dips nearly 70% on-year, provisions rise

Provisions for the quarter stood at ₹1,743.6 crore, lower than ₹1,820 crore in the September quarter but significantly higher than ₹969.3 crore in the year-ago period.

Shares of IndusInd Bank ended in the green ahead of the results. The stock closed at ₹992.15 on the BSE, rising 3.66% or ₹35 on the day.