IndusInd Bank's Q3 FY25 Net Profit Declines by 39% YoY to ₹1,401 Crore

IndusInd Bank reported a 39% year-on-year decrease in its standalone net profit for the third quarter of FY25, amounting to ₹1,401 crore, compared to ₹2,298 crore in the same period last year. This decline is primarily attributed to increased provisions and contingencies, which rose to ₹1,744 crore from ₹1,065 crore in the previous year.

The bank's gross non-performing assets (NPA) ratio increased to 2.25% from 1.92% in the corresponding quarter of the previous year, while the net NPA ratio rose to 0.68% from 0.57%. Net interest income stood at ₹5,228 crore, slightly down from ₹5,296 crore in Q3 FY24. Net interest margins also declined to 3.93% from 4.29% in the same period last year.

Despite the challenges, the bank's total income increased by 8.5% year-on-year to ₹15,155.80 crore, driven by higher interest earnings, which rose by 11% to ₹12,801 crore.

Image Source: IndusInd Bank Q3 Results,m.economictimes.com,business-standard.com