IndusInd Bank’s Q1 net profit crashes 68%

Mumbai, Jul 28: IndusInd Bank on Monday reported a sharp 68 per cent year-on-year (YoY) fall in net profit for the first quarter of the financial year 2025-26 (Q1 FY26).

The private sector lender posted a profit of Rs 684 crore for the June quarter, compared to Rs 2,152.16 crore in the same period previous year (Q1 FY25), according to its stock exchange filing.

The bank’s net interest income (NII) also declined by 14 per cent YoY, coming in at Rs 4,640 crore. Fee and other income dropped to Rs 2,157 crore from Rs 2,442 crore in Q1 FY25, the company said in its regulatory filing.

Total income for the quarter, including interest and fee-based revenue, stood at Rs 14,421 crore -- lower than Rs 14,988 crore recorded in the corresponding quarter previous year.

In terms of business activity, the bank’s total advances shrank by 4 per cent YoY to Rs 3.34 lakh crore.