IndusInd Bank Q1 FY27 Net Profit Surges to ₹1,037 Crore, Up 71.7%
IndusInd Bank reported Q1 FY27 net profit of ₹1,037 crore, a 71.7% increase from ₹604 crore in Q1 FY26. Net Interest Income was ₹4,685 crore. Deposits grew to ₹4,14,766 crore. Gross NPA stood at 3.25% and Net NPA at 0.95%. The bank's CRAR was 17.15%.
The substantial year-on-year growth in net profit and improved key financial ratios directly impact the bank's valuation and investor confidence.
The bank reported a significant increase in net profit and improved asset quality metrics, indicating strong financial performance.
IndusInd Bank Limited announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the results at a meeting held on June 22, 2026.
The consolidated financial results encompass its wholly owned subsidiary, Bharat Financial Inclusion Limited (BFIL), and its associate, IndusInd Marketing and Financial Services Private Limited (IMFS).
For the quarter ended June 30, 2026 (Q1 FY27), the Net Interest Income (NII) stood at ₹4,685 crores, a slight increase from ₹4,640 crores in Q1 FY26. Fee and other income, however, decreased to ₹1,787 crores from ₹2,157 crores in the prior year's corresponding quarter. The Yield on Assets was 8.62% and Cost of Funds was 5.05%, compared to 9.15% and 5.69% respectively in Q1 FY26. Net Revenue for Q1 FY27 was ₹6,471 crores, down from ₹6,797 crores in Q1 FY26. Operating expenses also decreased to ₹3,698 crores from ₹4,229 crores year-on-year.
Pre-Provision Operating Profit (PPOP) for Q1 FY27 increased to ₹2,773 crores from ₹2,567 crores in Q1 FY26. The Net Profit for Q1 FY27 saw a significant jump to ₹1,037 crores, compared to ₹604 crores in the corresponding quarter of the previous year, marking a 71.7% increase.
As of June 30, 2026, the bank's balance sheet footage was ₹5,54,926 crores, up from ₹5,39,552 crores as of June 30, 2025. Deposits grew to ₹4,14,766 crores from ₹3,97,144 crores, with CASA deposits comprising 29.43% of total deposits. Retail deposits stood at ₹1,90,166 crores. Advances were ₹3,26,274 crores as of June 30, 2026, compared to ₹3,33,694 crores a year prior.
Asset quality improved, with Gross NPA at 3.25% and Net NPA at 0.95% as of June 30, 2026, down from 3.43% and 1.00% respectively as of March 31, 2026. The Provision Coverage Ratio (PCR) was 71.42%. Provisions and contingencies (other than tax) for the quarter were ₹1,384 crores.
The Bank's Total Capital Adequacy Ratio (CRAR) under Basel III guidelines was 17.15% as of June 30, 2026, an increase from 16.63% a year ago. Tier 1 CRAR stood at 16.10%. Risk-Weighted Assets were ₹4,06,618 crores.
As of June 30, 2026, the bank's distribution network comprised 3,137 branches/banking outlets and 2,853 ATMs. The client base was approximately 42 million.
Commenting on the performance, Mr. Rajiv Anand, MD and CEO, stated, "During Q1FY27, we continued to execute our strategic priorities with an emphasis on disciplined growth, balance sheet resilience and franchise quality... The Bank delivered a Pre-Provision Operating Profit of ₹2,773 crore and Profit After Tax of ₹1,037 crore, supported by capital adequacy of 17.15% and a liquidity coverage ratio of 127%."
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