{
IndusInd Bank Limited

Companies

}
IndusInd Bank reports rising provisions amid worsening micro-finance asset quality
IndusInd Bank reported increased provisions due to a one-time profit impact, with micro-finance loans now comprising 9% of its loan portfolio. The gross non-performing assets (NPAs) in the MFI segment rose to 6.5% in Q2FY25, contributing to an overall gross NPA ratio increase to 2.76%. This reflects widespread stress across the bank's lending portfolio.
Moneycontrol
IndusInd Bank Limited IND
Finance & Economy, Market Report
15:32 24.10.2024
IndusInd Bank reports 40 percent drop in Q2 net profit to 1331 crore
IndusInd Bank's Q2 FY25 net profit plummeted 40% year-on-year to Rs 1,331 crore, significantly missing analyst expectations due to a near doubling of loan loss provisions and rising operating expenses. The bank's net interest income grew 5% to Rs 5,347 crore, below forecasts, while net interest margin declined to 4.08%. Provisions and contingencies surged to Rs 1,820 crore, up 87% from the previous year.
Moneycontrol
Indian Rupee IndusInd Bank Limited IND
Finance & Economy, Market Report
12:11 24.10.2024
piramal pharma reports significant profit growth in second quarter results
Piramal Pharma reported a significant increase in consolidated net profit, rising over four-fold to Rs 23 crore for Q2 FY25, compared to Rs 5 crore in the same quarter last year. Revenue from operations also saw growth, reaching Rs 2,242 crore, up from Rs 1,911 crore year-on-year.
Moneycontrol
United States Dollar ITC Limited IndusInd Bank Limited Piramal Pharma Limited IND Show more
Healthcare, Market Report
07:01 24.10.2024
Nifty struggles to maintain support as market faces third consecutive loss
The Indian equity market faced a third consecutive day of losses, with the Nifty closing below 24,500 and struggling against key resistance levels at 24,550 and 24,700. Immediate support is seen in the 24,400-24,350 range, and a break below could lead to levels around 24,200-24,000. Global cues are subdued, and attention is on HUL following disappointing volume growth, along with key earnings reports from ITC, IndusInd Bank, and NTPC.
Moneycontrol
HUL NTPC Limited ITC Limited IndusInd Bank Limited IND Rakesh Pujara Chandan Taparia Show more
Finance & Economy, Market Report
05:17 24.10.2024
stocks to watch as quarterly earnings are announced on october 24
On Thursday, stocks such as HUL, Escorts Kubota, NLC India, Nuvoco Vistas, AU SFB, VIP Industries, Thyrocare, and Dr. Lal PathLabs will be in focus. Additionally, ITC, IndusInd Bank, NTPC, ACC, JSW Energy, and several others are set to announce their quarterly earnings on October 24.
Moneycontrol
JSW Energy Limited ITC Limited IndusInd Bank Limited ACC NTPC Limited IND Show more
Finance & Economy, Market Report
23:04 23.10.2024
indusind bank expects modest q2 growth amid rising deposit costs
IndusInd Bank is expected to report a modest performance for Q2FY25, with net interest income projected to rise by 9% YoY to Rs 5,533 crore and profit-after-tax anticipated to grow by 4% YoY to Rs 2,207 crore. Analysts indicate that rising deposit costs will outpace advances yield, leading to a potential moderation in margins. The bank's Q2 results will be released on October 24, 2024.
Moneycontrol
Indian Rupee IndusInd Bank Limited IND
Finance & Economy, Market Report
17:05 22.10.2024
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