IndusInd Bank Ltd.‘s Total Income for Q2 FY23 has increased by 15% YoY to ₹6,313 crores. Profits rose by 57% YoY to ₹ 1,805 crores. Operating Profits grew by 10% YoY for Q2 FY 2023.
“Our operating profit margins continue to be amongst the best in the industry supported by NIM expanding to 4.24% from 4.21% QoQ. Our GNPAs and NNPAs reduced QoQ from 2.35% to 2.11% and 0.67% to 0.61% respectively driven by meaningful reduction in slippages. Consequently, our Profit After Tax was at ~1,805 crores growing 11% QoQ and 57% YoY.”
Mr. Sumant Kathpalia, Managing Director & CEO in the Q2FY23 Press Release
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