IndusInd Bank
NII rises on low basis: Interest income increased 3% to Rs 11005.42 crore, while interest expenses fell 13% to Rs 6633.94 crore in Q4FY2026. NII improved 43% to Rs 4371.48 crore in Q4FY2026.
Margins declines qoq: The bank has shown 43 bps YoY decline in cost of deposits to 6.07%, while yield on advances increased 170 bps YoY to 11.15% in Q4FY2026. Thus, the NIM has improved 114 bps YoY on low base to 3.39%, while fell 13 bps qoq to 3.39% in Q4FY2026.
Core fee income dip: Bank has posted 34% decline in core fee income to Rs 1524 crore, while the treasury income eased 50% to Rs 190 crore in Q4FY2026.
Expense ratio improves: The operating expenses of the bank declined 9% to Rs 3862.54 crore, as other expenses fell 15% to Rs 2551.61 crore, while employee expenses rose 7% to Rs 1310.93 crore in Q4FY2026. Cost to income ratio improved to 63.6% in Q4FY2026 compared with 112.6% in Q4FY2025. Operating Profit stood at Rs 2215.29 crore in Q4FY26 compared with loss of Rs 472.51 crore in Q4FY2025.
Provisions and contingencies decline: The bank has shown 39% decline in provisions to Rs 1484 crore in Q4FY2026.
PBT increased to Rs 730.95 crore in Q4FY2026 compared with pre tax loss of Rs 2889.08 crore in Q4FY2025. Effective tax rate stood at 27.1% in Q4FY2026. Net Profit increased to Rs 532.71 crore in Q4FY2026.
Asset quality improves: The bank has improved asset quality in Q4FY2026.
The fresh slippages of loans stood at Rs 1825 crore in Q4FY2026 compared with Rs 2560 crore in previous quarter and Rs 5014 crore in the corresponding quarter last year. The recoveries of NPAs stood at Rs 263 crore and upgrades were at Rs 203 crore, while the write-off of loans was at Rs 1868 crore in Q4FY2026. The standard restructured loan book of the bank declined to Rs 190 crore end March 2026 compared to Rs 222 crore a quarter ago. Provision coverage ratio was steady at 71.00% at end March 2026 compared to 72.00% a quarter ago and 70.00% a year ago. The capital adequacy ratio of the bank stood at 17.5% with Tier I ratio at 16.2% at end March 2026. The risk weighted assets of the bank has declined 7% YoY to Rs 399452 crore end March 2026.| Asset Quality Indicators: Indusind Bank | ||||||||
| ? | Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Variation | ? | |
| QoQ | YoY | ? | ||||||
| Gross NPA (Rs Crore) | 11095.35 | 11604.62 | 12057.75 | 12480.56 | 11046.39 | -4 | 0 | ? |
| Net NPA (Rs Crore) | 3169.38 | 3303.97 | 3399.37 | 3721.52 | 3287.14 | -4 | -4 | ? |
| % Gross NPA | 3.43 | 3.56 | 3.60 | 3.64 | 3.13 | -13 | 30 | ? |
| % Net NPA | 1.00 | 1.04 | 1.04 | 1.12 | 0.95 | -4 | 5 | ? |
| % PCR | 71.00 | 72.00 | 72.00 | 70.00 | 70.00 | -100 | 100 | ? |
| % CRAR - Basel III | 17.48 | 16.94 | 17.10 | 16.63 | 16.24 | 54 | 124 | ? |
| % CRAR - Tier I - Basel III | 16.20 | 15.74 | 15.88 | 15.48 | 15.10 | 46 | 110 | ? |
| Variation in basis points for figures given in percentages and in % for figures in Rs crore | ||||||||
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Business Highlights:
Business volume declines: The business of the bank has declined 5% YoY to Rs 716045 crore end March 2026, as advances declined 9% to Rs 315871 crore and deposits also fell 3% to Rs 400174 crore at end March 2026. With the faster decline in advances, the credit to deposit ratio eased to 78.9% at end March 2026 from 84.0% at end March 2025.
CASA deposits ratio improves qoq: The CASA deposits of the bank declined 7% YoY to Rs 124933 crore at end March 2026. The current account deposits slipped 14% to Rs 31416 crore, while saving account deposits declined 4% to Rs 87688 crore end March 2026. The CASA ratio eased to 31.2% at end March 2026 compared to 32.8% at end March 2025, while increased from 30.2% at end December 2025. The term deposits have were flat at Rs 275241 crore end March 2026.
Loan book declines: Within the loan book, the retail loans declined 4% YoY to Rs 162999 crore at end March 2026, while MSME credit declined 5% to Rs 44347 crore. The corporate credit has also declined 16% to Rs 108525 crore end March 2026. The share of retail, agriculture and MSME (RAM) improved to 65.6% at end March 2026 compared to 62.7% at end March 2025.
Investment book of the bank increased 9% YoY to Rs 125047 crore at end March 2026.
Branch expansion: The bank has added 16 branches and reduced 193 ATMs in Q4FY2026, taking overall tally to 3136 branches and 2870 ATM`s end March 2026.
Book value of the bank stood at Rs 836.5 per share at end March 2026, while the adjusted book value (net of NNPA and 10% of restructured advances) was Rs 795.5 per share at end March 2026.
Financial Performance FY2026:
Bank has posted 65% decline in net profit to Rs 933.33 crore in the year ended March 2026 (FY2026). The net interest income declined 6% to Rs 17982.32 crore, while non-interest income fell 6% to Rs 7217.06 crore, leading net total income to dip 6% to Rs 25199.38 crore in FY2026. The operating expenses were flat at Rs 15997.17 crore, while provision and contingencies jumped 13% to Rs 7933.10 crore. PBT declined 65% to Rs 1269.11 crore in FY2026. The cost-to-income ratio rose to 63.5% in FY2026 compared to 60.2% in FY2025. An effective tax rate eased to 26.5% in FY2026 compared to 26.9% in FY2025. The net profit has declined 65% to Rs 933.33 crore in FY2026.| Indusind Bank: Results | ||||||
| Particulars | 2603 (3) | 2503 (3) | Var % | 2603 (12) | 2503 (12) | Var % |
| Interest Earned | 11005.42 | 10633.85 | 3 | 46250.81 | 48667.67 | -5 |
| Interest Expended | 6633.94 | 7585.51 | -13 | 28268.49 | 29636.35 | -5 |
| Net Interest Income | 4371.48 | 3048.34 | 43 | 17982.32 | 19031.32 | -6 |
| Other Income | 1706.35 | 708.80 | 141 | 7217.06 | 7684.19 | -6 |
| Net Total Income | 6077.83 | 3757.14 | 62 | 25199.38 | 26715.51 | -6 |
| Operating Expenses | 3862.54 | 4229.65 | -9 | 15997.17 | 16070.65 | 0 |
| Operating Profits | 2215.29 | -472.51 | LP | 9202.21 | 10644.86 | -14 |
| Provisions & Contingencies | 1484.34 | 2416.57 | -39 | 7933.10 | 7030.14 | 13 |
| Profit Before Tax | 730.95 | -2889.08 | LP | 1269.11 | 3614.72 | -65 |
| Provision for tax | 198.24 | -653.09 | PL | 335.78 | 971.82 | -65 |
| PAT | 532.71 | -2235.99 | LP | 933.33 | 2642.90 | -65 |
| EPS*(Rs) | 27.3 | -114.8 | ? | 12.0 | 33.9 | ? |
| Equity | 779.1 | 779.1 | ? | 779.1 | 779.1 | ? |
| Adj BV (Rs) | 795.5 | 781.4 | ? | 795.5 | 781.4 | ? |
| * EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 10, Figures in Rs crore, PL: Profit to Loss, LP: Loss to Profit | ||||||
| Source: Capitaline Corporate Database | ||||||
