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IndusInd Bank: Q1 profit up 72% on year, but stock drops 5%
IndusInd Bank profit surged 72% YoY to ₹2,653 crore. Net interest margin held at 4.09% and NPAs improved. Analysts remain bullish, but the stock fell 5% after the print.
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IndusInd Bank shares fell more than 5% on Thursday even after the lender reported a 72% jump in first-quarter net profit from a year earlier, a result that beat analyst estimates on several fronts.
The bank posted net profit of ₹2,653 crore for the quarter ended June, up from ₹1,542 crore in the same period last year. Net interest income rose 18% to ₹5,574 crore, while the net interest margin – a key profitability metric for lenders – held steady at 4.09%.