Indusind Bank March Quarter Results: Private sector IndusInd Bank has a net loss of Rs 2328.87 crore on the consolidated basis in the January-March 2025 quarter. A year ago, the bank was in profit of Rs 2349.5 crore. The balance sheet of the bank was affected due to the entrub and stress in the microfinance portfolio related to the accounting. The bank’s consolidated income was Rs 11342.67 crore in the March 2025 quarter, which is about 23 percent less than Rs 14706.66 crore in March 2024.
This is the first case in 20 years when Indusind bank Has recorded losses in a quarter. Earlier, the bank recorded a loss in the fourth quarter of FY 2006 i.e. January-March 2007. Bhaskar Ghosh was the CEO of the bank at that time. Before that the bank had a loss in March 2001. The bank’s net interest income declined by 43.4 percent to Rs 3,048 crore in the March 2025 quarter.
How much NPA increased
According to the information given to the stock markets, IndusInd Bank’s gross NPA ratio on the consolidated basis increased to 3.13 percent in the March 2025 quarter. It was 1.92 percent in the March 2024 quarter and 2.25 percent in the December 2024 quarter. Net NPA recorded 0.95 percent in the March 2025 quarter. It was 0.57 percent a year ago and 0.68 percent a quarter a quarter.
In the entire financial year 2025, IndusInd Bank made a net profit of Rs 2575.54 crore on the consolidated basis. It was Rs 8977.30 crore a year ago. Income was recorded at Rs 56358.10 crore, which was Rs 55143.98 crore in FY 2024.
Gensol Loan Recovery: PFC can adopt DRT route, Ireda also knocked the door
Shares closed 1 percent
IndusInd Bank shares closed over Rs 771.10 on BSE on 21 May. The bank’s market cap is Rs 60000 crore. The stock has come down 26 percent in the last 3 months and 45 percent in a year. The bank had a 15.83 percent stake in the bank till the end of March 2025.
In a separate filing, IndusInd Bank said that the Internal Audit Department submitted a report on May 20, in which an amount of ₹ 172.58 crore was wrongly recorded as income from fees in microfinance business in the October-December 2024 quarter. It was revealed in January -March 2025. The bank’s statement said, “Based on the review of all these reports, the board suspects some employees who play an important role in the incident of fraud against the bank and the bank’s auditing and financial reporting.”
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.
