{"id":4644,"date":"2024-10-24T17:14:30","date_gmt":"2024-10-24T11:44:30","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4644"},"modified":"2024-10-24T17:14:32","modified_gmt":"2024-10-24T11:44:32","slug":"indusind-bank-q2-net-profit-declines-40-yoy-to-rs-1331-crore-misses-estimates-due-to-higher-provisions-costs","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/indusind-bank-q2-net-profit-declines-40-yoy-to-rs-1331-crore-misses-estimates-due-to-higher-provisions-costs\/","title":{"rendered":"IndusInd Bank Q2 Net Profit Declines 40% YoY to Rs 1,331 Crore, Misses Estimates Due to Higher Provisions, Costs"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>IndusInd Bank reported a 40% year-on-year decline in consolidated net profit for Q2 FY25, amounting to Rs 1,331 crore, significantly missing market expectations. The decline was primarily driven by an 87% surge in loan loss provisions, which nearly doubled to Rs 1,820 crore. Additionally, rising operating expenses, including increased finance costs, outpaced the bank&#8217;s income growth. Analysts had estimated the Q2 net profit at Rs 2,207 crore, according to a Moneycontrol poll.<\/p>\n\n\n\n<p>The bank&#8217;s net interest income (NII) rose 5% to Rs 5,347 crore, below the expected Rs 5,533 crore. The net interest margin fell to 4.08% from 4.29% in the previous year. Despite the profit decline, IndusInd Bank showed solid growth in loan and deposit figures, with loans up 13% and deposits up 15% year-on-year, while maintaining a healthy capital adequacy ratio of 16.51%. Asset quality saw slight deterioration, as the gross NPA ratio rose to 2.11% and net NPA to 0.64%.<\/p>\n\n\n\n<p><em>Do&nbsp;you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<\/em>media@lakshmishree.com<\/p>\n\n\n\n<p><sub><sup>Source:\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/business\/earnings\/indusind-bank-q2-net-profit-falls-40-on-year-to-rs-1331-crore-misses-expectations-12849613.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/earnings\/indusind-bank-q2-net-profit-falls-40-on-year-to-rs-1331-crore-misses-expectations-12849613.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndusInd Bank reported a 40% year-on-year decline in consolidated net profit for Q2 FY25, amounting to Rs 1,331 crore, significantly missing market expectations. The decline was primarily driven by an 87% surge in loan loss provisions, which nearly doubled to Rs 1,820 crore. Additionally, rising operating expenses, including increased finance costs, outpaced the bank&#8217;s income [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[576],"class_list":["post-4644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-induslnd-bank-q2"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4644"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4644\/revisions"}],"predecessor-version":[{"id":4646,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4644\/revisions\/4646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4645"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}