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IndusInd Bank Results Preview | Net profit to more than double on lower provisions

Rise in bottomline will largely be supported by a sharp decline in provisions

Mumbai / April 29, 2022 / 08:53 AM IST
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Representative image

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IndusInd Bank is expected to report strong growth in its net profit for the quarter ended March aided by a sharp drop in provisions and improvement in loan growth.

The private sector lender is expected to report 101 percent year-on-year growth in net profit to Rs 1,762 crore, according to an average of estimates from seven brokerages polled by Moneycontrol.

The rise in bottomline will be largely be supported by a sharp decline in provisions to Rs 1,050 crore from Rs 1,865.7 crore a year ago.

IndusInd Bank will report earnings on April 29.