{"id":134938,"date":"2022-10-19T10:23:07","date_gmt":"2022-10-19T14:23:07","guid":{"rendered":"https:\/\/44.250.171.167\/?p=134938"},"modified":"2023-04-25T08:31:29","modified_gmt":"2023-04-25T12:31:29","slug":"indusind-bank-ltd-q2fy23-57-growth-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/indusind-bank-ltd-q2fy23-57-growth-in-profits\/","title":{"rendered":"IndusInd Bank Ltd. Q2FY23; 57% Growth in Profits"},"content":{"rendered":"\n

IndusInd Bank Ltd.<\/a>‘s Total Income for Q2 FY23 has increased by 15% YoY to \u20b96,313 crores. Profits rose by 57% YoY to \u20b9 1,805 crores. Operating Profits grew by 10% YoY for Q2 FY 2023.<\/p>\n\n\n\n

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“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.”<\/p>Mr. Sumant Kathpalia, Managing Director & CEO in the Q2FY23 Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

IndusInd Bank Ltd.‘s Total Income for Q2 FY23 has increased by 15% YoY to \u20b96,313 crores. Profits rose by 57% YoY to \u20b9 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 […]<\/p>\n","protected":false},"author":1885,"featured_media":13905,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,1],"tags":[151],"class_list":["post-134938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-finance-stocks","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2018\/10\/PNC-bank.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":155070,"url":"https:\/\/alphastreet.com\/india\/indusind-bank-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":134938,"position":0},"title":"IndusInd Bank Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 19, 2023","format":false,"excerpt":"Key highlights from IndusInd Bank Ltd (INDUSINDBK) Q2 FY24 Earnings Concall Loan Growth Momentum Loan growth continues to be strong at 21% YoY and 5% QoQ, driven by retail segment growing 25% YoY and 6% QoQ. Retail growth driven by healthy disbursements in vehicle and microfinance businesses. Corporate book also\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":134989,"url":"https:\/\/alphastreet.com\/india\/story-behind-indusind-banks-q2fy23-results\/","url_meta":{"origin":134938,"position":1},"title":"Story behind IndusInd Bank’s Q2FY23 Results","author":"Karan_Singh","date":"October 20, 2022","format":false,"excerpt":"When we look at the highlighted section of IndusInd Bank Ltd's income statment, it is evident that the drastic increase in profitability stems from the reduction of Provisions & Contingencies amount. That would explain as to why the YoY growth for Operating Profit is 10% whereas the YoY growth for\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1215972682.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1215972682.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1215972682.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":144004,"url":"https:\/\/alphastreet.com\/india\/indusind-bank-q4fy23-46-growth-in-profits\/","url_meta":{"origin":134938,"position":2},"title":"Indusind Bank Q4FY23; 46% Growth in Profits","author":"Karan_Singh","date":"April 24, 2023","format":false,"excerpt":"Indusind Bank Limited\u2019s total in Q4FY23 rose 16% to \u20b9 6,823 crores. Consolidated Profit After Tax came at \u20b9 2,043 crores in Q4FY23 showcasing a 22% rise on an YoY basis. In this quarter\u2019s\u00a0results, the reports suggested that the firm has continued to deliver consistent performance in all key operational\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1311224404.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1311224404.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1311224404.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":169525,"url":"https:\/\/alphastreet.com\/india\/indusind-bank-q1-fy26-stabilizing-the-ship-amid-digital-transformation\/","url_meta":{"origin":134938,"position":3},"title":"IndusInd Bank Q1 FY26 Earnings: Stabilizing the Ship Amid Digital Transformation","author":"Chirag Gupta","date":"July 30, 2025","format":false,"excerpt":"Executive Summary IndusInd Bank reported mixed Q1 FY26 results, demonstrating stabilization in core operations while continuing to navigate sector-wide challenges. The bank posted a net profit of \u20b9604 crore, representing a significant YoY decline primarily due to the absence of one-off gains recorded in the base quarter. 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The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. 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NIM has increased to 4.20% as Other income improved by 7% YoY to 1,905 crores. Net Profit grew by 51 % YoY to 1,401 crores for Q3 FY 2022. Net profit improved by 64% to 4,805. 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