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IndusInd's Q1 clouds outlook
Mint Kolkata
|July 30, 2025
Unabated problems
IndusInd Bank stock's reaction to its June quarter results (Q1FY26) was muted. The numbers were bad as anticipated, but look worse if the consolidated net profit of ₹604 crore, which declined 72% year-on-year, is adjusted for volatile trading gains of ₹469 crore (post average tax rate of 25%).
This was the first quarter after a clean-up of past accounting irregularities in Q4FY25. Thus, a comparison of financials, either year-on-year or sequentially, is distorted due to one-offs and reclassification of incomes under various heads. Nevertheless, Q1FY26 performance suggests IndusInd's outlook appears bleak for FY26 even after factoring in the seasonally stronger second half of the year for the banking sector.
Diese Geschichte stammt aus der July 30, 2025-Ausgabe von Mint Kolkata.
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