In short: IndusInd Bank's Q2 FY27 net interest income rose 3.6% to ₹4,569 crore from a year earlier, and net profit was ₹1,176 crore, against a loss of ₹445 crore. Net interest margin was 3.23%, down 34 bps from the previous quarter. Provisions more than halved and NPAs fell, but raising FCNR(B) deposits pulled the net interest margin down to 3.23% from 3.57%.
What changed in IndusInd Bank's Q2 FY27 results
- Net interest income was ₹4,569 crore, up 3.6% from a year earlier and down 2.5% from the previous quarter.
- Net profit was ₹1,176 crore, against a loss of ₹445 crore a year earlier and up 17.3% from the previous quarter.
- Operating profit before provisions was ₹2,778 crore, up 37.0% from a year earlier and up 3.5% from the previous quarter; provisions were ₹1,216 crore, against ₹2,622 crore a year earlier.
- Net interest margin was 3.23%, down 34 bps from the previous quarter and down 9 bps from a year earlier.
- CASA ratio (period-end) was 27.93%, against 29.43% in the previous quarter.
- Gross NPA ratio was 2.73%, against 3.25% in the previous quarter and 3.60% a year earlier; net NPA ratio was 0.83%, against 0.95% in the previous quarter and 1.04% a year earlier. Provision coverage was 70.19%.
- Credit cost for the quarter was 140 bps, as the bank reports it.
- Capital adequacy ratio was 16.59%, against 17.15% a quarter earlier and 17.10% a year earlier.
IndusInd Bank Q2 FY27 results at a glance
| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Net interest income (₹ crore) | 4,569 | 4,685 | 4,409 | −2.5% | +3.6% |
| Operating profit (₹ crore) | 2,778 | 2,683 | 2,028 | +3.5% | +37.0% |
| Provisions (₹ crore) | 1,216 | 1,340 | 2,622 | −9.2% | −53.6% |
| Net profit (₹ crore) | 1,176 | 1,003 | −445 | +17.3% | – |
| Net interest margin | 3.23% | 3.57% | 3.32% | −34 bps | −9 bps |
| CASA ratio (period-end) | 27.93% | 29.43% | – | −150 bps | – |
| Gross NPA ratio | 2.73% | 3.25% | 3.60% | −52 bps | −87 bps |
| Net NPA ratio | 0.83% | 0.95% | 1.04% | −12 bps | −21 bps |
| Capital adequacy ratio | 16.59% | 17.15% | 17.10% | −56 bps | −51 bps |
Genvest analysis
Standalone net profit was ₹1,176 crore, up 17.3% from ₹1,003 crore in the June quarter, against a loss of ₹445 crore a year earlier, when provisions were ₹2,622 crore. This quarter provisions were ₹1,216 crore. On a consolidated basis the bank reports net profit of ₹1,242 crore, up 51% on what it calls a normalised ₹824 crore for the June quarter.
Net interest income fell 2.5% from the June quarter to ₹4,569 crore and rose 3.6% from a year earlier. The net interest margin fell to 3.23% from 3.57%; the June figure included one-off items, and the bank put it at 3.35% without them. The bank attributes the drop to raising FCNR(B) deposits, the foreign-currency term deposits of non-resident Indians, and says other lines of the profit and loss account offset it. The yield on assets was 8.35% and the cost of funds 5.11%, against 8.75% and 5.43% a year earlier.
Other income rose 26% from the June quarter and 36% from a year earlier to ₹2,247 crore, and operating profit before provisions rose 3.5% on the quarter to ₹2,778 crore.
Gross NPAs fell to 2.73% of advances from 3.25% in June and net NPAs to 0.83% from 0.95%, as fresh slippages fell to ₹1,460 crore from ₹1,660 crore and the bank wrote off ₹1,671 crore. Credit cost eased to 1.40% of average loans, annualised, from 1.74%, and the provision coverage ratio was 70.19%.
On a consolidated basis, advances rose 11% from a year earlier and 11% in the quarter to ₹3,63,104 crore, including ₹16,564 crore of loans linked to FCNR(B) deposits, and deposits rose 10% and 3% to ₹4,28,832 crore. Current account deposits rose 15% from a year earlier but savings deposits fell 5%, and the CASA ratio slipped to 27.93% from 29.43% in June. Capital adequacy was 16.59%, against 17.15% in June.
What IndusInd Bank's results mean for fund investors
- Banking funds. Banks are the largest holdings of banking and financial services funds, and each bank moves these funds in proportion to its weight in them. The largest banks carry far more weight than mid-sized ones.
- Index funds. Financial services is the largest sector in the Nifty 50, so results from the biggest banks also reach Nifty 50 index funds.
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IndusInd Bank Q2 FY27 results: questions
When did IndusInd Bank announce Q2 FY27 results?
IndusInd Bank announced its Q2 FY27 results on 23 October 2026.
What was IndusInd Bank's Q2 FY27 net profit?
Net profit was ₹1,176 crore, against a loss of ₹445 crore a year earlier and up 17.3% from the previous quarter.
What was IndusInd Bank's Q2 FY27 net interest income?
Net interest income was ₹4,569 crore, up 3.6% from a year earlier and down 2.5% from the previous quarter.
What was IndusInd Bank's gross NPA in Q2 FY27?
Gross NPA ratio was 2.73%, against 3.25% in the previous quarter and 3.60% a year earlier; net NPA ratio was 0.83%, against 0.95% in the previous quarter and 1.04% a year earlier. Provision coverage was 70.19%.
What was IndusInd Bank's net interest margin in Q2 FY27?
Net interest margin was 3.23%, down 34 bps from the previous quarter and down 9 bps from a year earlier.
Other bank Q2 FY27 results
- RBL Bank Q2 FY27 results · 12 October 2026 · net profit +169.9% YoY
- HDFC Bank Q2 FY27 results · 17 October 2026 · net profit +4.7% YoY
- ICICI Bank Q2 FY27 results · 17 October 2026 · net profit +20.1% YoY
- Axis Bank Q2 FY27 results · 17 October 2026 · net profit +37.6% YoY
- IndusInd Bank Q2 FY27 results · 23 October 2026 · net profit against a ₹445 crore loss a year earlier
- Kotak Mahindra Bank Q2 FY27 results · 24 October 2026 · net profit +29.5% YoY
- IDFC First Bank Q2 FY27 results · 24 October 2026 · net profit +196.5% YoY
All bank Q2 FY27 results in one place
Sources
- IndusInd Bank: Q2 FY27 standalone and consolidated results, 23 October 2026
- IndusInd Bank: Q2 FY27 press release, 23 October 2026
- IndusInd Bank: Q2 FY27 investor presentation, 23 October 2026
- IndusInd Bank: Q1 FY27 press release, 22 July 2026
- IndusInd Bank: prior intimation of board meeting, 30 September 2026
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