IndusInd Bank Q2 result: Private sector lender IndusInd Bank on Thursday, October 24, reported a 39.5 per cent year-on-year (YoY) decline in consolidated net profit at ₹1,331.29 crore for the September quarter of the current financial year (Q2FY25). In the same quarter last year, the bank had reported a profit of ₹2,202.16 crore.
The bank said its net profit for Q2FY25 was adjusted for an increase in the contingent provision buffer, which stood at ₹1,725 crore.
Net interest income (NII) for the quarter stood at ₹5,347 crore, up 5 per cent YoY, while net interest margin (NIM) came at 4.08 per cent against 4.29 per cent in the same quarter last year and 4.25 per cent for the first quarter of FY25.
(More to come)
