IndusInd Bank on Friday reported an 88.5% year-on-year (YoY) decline in standalone net profit to Rs 161 crore for the December quarter, compared with Rs 1,401 crore in the year-ago period.
However, profit after tax was broadly in line with Street estimates of Rs 159 crore, aided by a sequential decline in provisions.
The lender’s net interest income stood at Rs 4,562 crore in Q3FY26, down 13% year-on-year but up 3% sequentially.
More to come…