Noida, July 22 (APAC Media): IndusInd Bank on Wednesday reported a 72% year-on-year increase in consolidated net profit to Rs 1,037 crore for the first quarter of FY27, compared with Rs 604 crore recorded in the corresponding period a year earlier.
The bank’s net revenue declined 5% year-on-year to ₹6,471 crore in Q1 FY27, compared with ₹6,797 crore in the corresponding quarter of FY26.
Net Interest Income (NII) for Q1 FY27 increased 1% year-on-year to ₹4,685 crore, compared with ₹4,640 crore in the corresponding quarter of FY26.
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Gross NPA stood at 3.25% of gross advances as on June 30, 2026, improving from 3.43% as on March 31, 2026. Net NPA declined to 0.95% of net advances as of June 30, 2026, compared with 1.00% at the end of March 31, 2026.
The Provision Coverage Ratio stood at 71.42% as of June 30, 2026.
Provisions and contingencies (excluding tax) for the quarter ended June 30, 2026, were at ₹1,384 crore, compared with ₹1,760 crore in the corresponding quarter of the previous year.
“During Q1FY27, we continued to execute our strategic priorities with an emphasis on disciplined growth, balance sheet resilience and franchise quality. Supported by an experienced leadership team and sharper execution capabilities, we are advancing our growth agenda while maintaining prudent risk management. We are building a diversified portfolio across retail, SME and rural businesses, including expanding the rural franchise beyond microfinance. At the same time, our investments in technology and AI-led capabilities are enhancing customer experience and overall productivity, strengthening our ability to deliver sustainable growth,” said Rajiv Anand, CEO, IndusInd Bank.
The bank’s balance sheet size stood at ₹5,54,926 crore as on June 30, 2026, compared with ₹5,39,552 crore as on June 30, 2025.
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Deposits increased to ₹414,766 crore as of June 30, 2026, from ₹397,144 crore a year earlier. CASA deposits stood at ₹1,22,060 crore, comprising 29.43% of total deposits, with current account deposits at ₹34,620 crore and savings account deposits at ₹87,440 crore.
Retail deposits, as per LCR norms, stood at ₹190,166 crore as of June 30, 2026, compared with ₹182,898 crore as of March 31, 2026.
Advances stood at ₹32,62,740 crore as on June 30, 2026, compared with ₹33,36,940 crore as on June 30, 2025.
As of June 30, 2026, the bank’s distribution network comprised 3,137 branches/banking outlets and 2,853 onsite and offsite ATMs, compared with 3,110 branches/banking outlets and 3,052 onsite and offsite ATMs as of June 30, 2025. The bank’s client base stood at approximately 42 million as of June 2026.
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Disclaimer: This article is for informational purposes only. APAC Media is not liable for any investment decisions or losses. Please conduct your own research or consult a financial advisor before investing.
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