₹594 crore profit, NII jumps 43%; asset quality improves" width="600" height="338" fetchpriority="high" loading="eager"/>IndusInd Bank Q4 Results: Bank swings to ₹594 crore profit, NII jumps 43%; asset quality improves(REUTERS)AI Quick ReadIndusInd Bank, a Hinduja Group-promoted new-age private sector lender and the fifth-largest private bank in India, announced its financial performance for the March-ended quarter and the full fiscal year FY26 today, post market hours.
The bank reported a net profit of ₹594.2 crore, beating analysts’ estimates and marking a sharp turnaround from a net loss of ₹2,329 crore reported in the same period last year.
The net interest income (NII), the difference between interest earned from lending and interest paid to depositors, surged 43.4% year-on-year to ₹4,372 crore, also coming in above estimates, while the net interest margin improved to 3.39%.
Pre-provision operating profit (PPOP) stood at ₹2,295 crore in Q4 FY26, compared to a loss of ₹491 crore in the corresponding quarter of the previous year, as per company's earnings filing.
The bank reported a notable improvement in asset quality, with slippages declining in the March-ended quarter. Gross slippages fell sharply to ₹1,825 crore in Q4 FY26 from ₹2,560 crore in Q3 FY26 and ₹5,014 crore in Q4 FY25.
Similarly, net slippages declined to ₹1,359 crore, compared to ₹2,159 crore in the previous quarter and ₹4,526 crore in the year-ago period. Thus, the lender, provisions and contingencies dropped to ₹1,482 crore from ₹2,522 crore in the same period last year.
Consequently, the gross non-performing assets (GNPA) and net non-performing assets (NNPA) ratios declined by 13 basis points and 4 basis points year-on-year, to 3.43% and 1.0%, respectively.
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