IndusInd Bank Share Price Live: IndusInd shares tumble 16% post Q2 results

Private sector lender IndusInd Bank on Thursday reported a sharp 40 per cent year-on-year (y-o-y) and 39 per cent quarter-on-quarter (q-o-q) fall in its Q2FY25 consolidated net profit at ₹ 1,331 crore, largely on account of higher provisions due to bad loans from unsecured credit segment.

The bank’s gross and net non-performing asset (GNPA, NNPA) ratio rose to 2.

11 per cent and 0.

64 per cent in Q2FY25, respectively, from 2.

02 and 0.

60 per cent a quarter ago.

Segment wise, two-wheeler loans had 8 per cent GNPA ratio, micro loans had 6.

5 per cent GNPAs and credit card NPAs stood at 3.

3 per cent.

The bank is among the largest MFI lenders in the country with ₹32,723 crore of outstanding micro loans as on September 30.

As bad loans rose, provisions and contingencies funds rose 87 per cent y-o-y and 73 per cent q-o-q to ₹1,820 crore.

The bank’s pre-provisioning operating profit stood at ₹3,600 crore, down 8 per cent y-o-y.

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