IndusInd Bank, on January 31, 2025, reported a net profit of Rs 1,402 crore in the third quarter of fiscal year 2025, 39 percent lower than the Rs 2,301 crore reported in the corresponding quarter of the previous year.
According to Moneycontrol brokerage poll, IndusInd Bank's October-December quarter net profit was likely to fall 38.6 percent year-on-year to Rs 1,411 crore, while the Net Interest Income was pegged to grow 10 percent to Rs 5,833 crore.
IndusInd Bank share price settled 4 percent higher at Rs 995.20 on NSE.
The net interest income (NII) stood at Rs 5228 crore, 1.2 percent lower than the Rs 5,295 crore from last year.
The lender’s gross non-performing assets (GNPA) stood at Rs 8375 crore and 2.25 percent in Q3 FY25 versus Rs 6,279 crore and 1.92 percent last year.
Net Non-Performing Assets (NNPA) stood at Rs 2496 crore (0.68 percent) versus Rs 1,864 (0.57 percent) last year.
Management of the bank said that the appointment of new Chief Financial Officer will take place in 90 to 120 days.
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