INDUSINDBK · Financial Services
IndusInd Bank Ltd. reported total income of ₹11,796 cr for July to September 2026, +1.6% on the year and +4.3% on the quarter. That is in line with how this quarter has grown in recent years (+2.1% on average). Over the last four quarters income comes to ₹45,484 cr, −3.9% on the four before.
Net interest income, interest earned less interest paid, was ₹4,569 cr, +3.6% on the year and −2.5% on the quarter. For a lender this is the core earnings line: it shows whether the loan book and its pricing are growing faster than the cost of funds.
The company swung to a net profit of ₹1,242 cr from a loss of ₹437 cr a year earlier, with earnings per share of ₹15.94. The tax rate of 25% is in line with its recent average.
Of the 84 companies in NBFCs and housing finance that have reported Q2 FY27 so far, IndusInd Bank Ltd. ranks — on profit growth; the sector median is +25.1%.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Turned profitable from a loss a year ago.
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹11,572 cr | ₹12,199 cr | ₹12,547 cr | ₹12,686 cr | ₹12,801 cr | ₹10,634 cr | ₹12,264 cr | ₹11,609 cr | ₹11,373 cr | ₹11,005 cr | ₹11,310 cr | ₹11,796 cr |
| YoY | — | — | +17% | +13% | +11% | −13% | −2% | −8% | −11% | +3% | −8% | +2% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 25% | 25% | 25% | 24% | — | 25% | — | 26% | 27% | 25% | 25% |
| Net profit | ₹2,301 cr | ₹2,349 cr | ₹2,171 cr | ₹1,331 cr | ₹1,402 cr | −₹2,329 cr | ₹604 cr | −₹437 cr | ₹128 cr | ₹594 cr | ₹1,037 cr | ₹1,242 cr |
| YoY | — | — | +2% | −40% | −39% | −199% | −72% | −133% | −91% | — | +72% | — |
| EPS | ₹29.59 | ₹30.18 | ₹27.88 | ₹17.09 | ₹18.00 | −₹29.89 | ₹7.75 | −₹5.61 | ₹1.64 | ₹7.63 | ₹13.31 | ₹15.94 |
| Flags | · | · | · | · | · | 2 | 1 | 2 | 1 | · | 1 | · |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
IndusInd Bank Ltd. reported total income of ₹11,796 cr (+1.6% on the year) and net profit of ₹1,242 cr (— on the year) for July to September 2026.
None of the 2 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.