# IndusInd Bank Q2 Results: Lender posts profit of Rs 1,176 crore vs Rs 445 crore loss a year ago — retained record

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-10-23 10:43 ingested 2026-10-23 15:34

[original source ↗](https://economictimes.indiatimes.com/markets/stocks/earnings/indusind-bank-q2-results-lender-posts-profit-of-rs-1176-crore-vs-rs-445-crore-loss-a-year-ago/articleshow/135142692.cms)

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On a consolidated basis, the company reported a net profit of Rs 1,242 crore for the September quarter. The decline in bad loans and lower provisioning requirements supported the bank's recovery in profitability.
Provisions and contingencies, excluding tax, declined 54% to Rs 1,223 crore from Rs 2,631 crore in the year-ago quarter. Fee and other income jumped 36% YoY to Rs 2,248 crore from Rs 1,651 crore, while net revenue increased 12.5% to Rs 6,817 crore from Rs 6,060 crore.
Pre-provision operating profit (PPOP), a key measure of a bank's operating performance, surged 40% to Rs 2,874 crore compared with Rs 2,047 crore in the corresponding quarter last year.
Operating expenses declined to Rs 3,943 crore from Rs 4,013 crore. The bank's yield on assets stood at 8.35%, compared with 8.75% a year earlier, while its cost of funds declined to 5.11% from 5.43%.
Asset quality
IndusInd Bank reported an improvement in asset quality during the quarter, with gross non-performing assets (GNPA) declining to 2.73% of gross advances from 3.25% in the June quarter and 3.6% a year earlier.
Net NPA declined to 0.83% from 0.95% in the preceding quarter and 1.04% in the corresponding period last year. The provision coverage ratio stood at 70.19% at the end of September, compared with 71.81% a year earlier.
Commenting on the results, Rajiv Anand, md and CEO of IndusInd Bank, said the September quarter reflected improving business momentum and profitability. "Our Q2 results demonstrate that the growth has strengthened, profitability has improved, asset quality trends remain encouraging, and our funding profile is becoming more granular and resilient," Anand said.
He added that the bank had made progress in strengthening its leadership, governance, risk management and technology capabilities over the past year.
Balance Sheet
IndusInd Bank's deposits increased 10% YoY to Rs 4.28 lakh crore as of September 30, 2026, compared with Rs 3.89 lakh crore a year earlier. Advances grew 11% to Rs 3.63 lakh crore from Rs 3.25 lakh crore in the corresponding period last year.
Current account and savings account (CASA) deposits stood at Rs 1.19 lakh crore, accounting for nearly 28% of total deposits. This included current account deposits of Rs 36,742 crore and savings account deposits of Rs 83,024 crore.
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document fetched 2026-10-24 02:56