IndusInd Bank Q2 FY27 Results: Consolidated Net Profit ₹1,242 Crore on Total Income of ₹14,044 Crore
Earnings
Private sector bank
Blacklitt Research3 min read
IndusInd Bank reported consolidated total income of ₹14,043.91 crore and net profit of ₹1,241.78 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹14,042.79 crore and net profit ₹1,176.06 crore. It said in a filing on 23 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹14,043.91 crore, up 5.9% YoY and 7.2% QoQ.
Net profit and EPS: ₹1,241.78 crore; basic EPS ₹15.94 against ₹13.31 in the quarter ended 30 Jun 2026.
Finance costs: ₹7,226.53 crore, against ₹6,625.22 crore in the quarter ended 30 Jun 2026.
Capital ratios: Capital adequacy 16.59% and CET 1 ratio 15.55%, Basel III, as at 30 Sep 2026.
Standalone
The company on its own, without its subsidiaries
Total income: ₹14,042.79 crore, up 5.9% YoY and 7.2% QoQ.
Net profit and EPS: ₹1,176.06 crore; basic EPS ₹15.10 against ₹12.87 in the quarter ended 30 Jun 2026.
Other income: ₹2,246.81 crore, up 36.3% YoY and 25.8% QoQ.
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
14,043.91
13,259.91
+5.9%
13,096.47
+7.2%
Revenue from operations
11,795.98
11,608.63
+1.6%
11,309.94
+4.3%
Other income
2,247.93
1,651.28
+36.1%
1,786.53
+25.8%
1,241.78
-436.94
n/a
1,037.02
+19.7%
Tax expense
410.04
-146.91
n/a
352.13
+16.4%
Net profit margin
8.84%
-3.30%
+12.14 pp
7.92%
+0.92 pp
Tax as share of profit before tax
24.8%
n/a
n/a
25.3%
-0.53 pp
EPS, basic (₹)
15.94
n/a
n/a
13.31
+19.8%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit rose faster than total income from the previous quarter. Net profit was ₹1,241.78 crore, up 19.7% from ₹1,037.02 crore in the quarter ended 30 Jun 2026, while total income rose 7.2% to ₹14,043.91 crore from ₹13,096.47 crore. Profit before tax was ₹1,651.82 crore, against ₹1,389.15 crore in that quarter.
Other income is the line that grew fastest. It was ₹2,247.93 crore, up 36.1% from a year earlier and 25.8% from the previous quarter, while revenue from operations was ₹11,795.98 crore, up 1.6% year on year and 4.3% quarter on quarter. Other income was 16.0% of total income this quarter.
The year-earlier quarter was a loss. The quarter ended 30 Sep 2025 shows a consolidated net loss of ₹436.94 crore, with finance costs of ₹7,199.26 crore; finance costs this quarter were ₹7,226.53 crore. Tax as a share of profit before tax was 24.8%, against 25.3% in the quarter ended 30 Jun 2026.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
14,042.79
13,256.59
+5.9%
13,095.30
+7.2%
Revenue from operations
11,795.98
11,608.63
+1.6%
11,309.94
+4.3%
Other income
2,246.81
1,647.96
+36.3%
1,785.36
+25.8%
1,176.06
-444.79
n/a
1,002.50
+17.3%
Tax expense
385.74
-149.59
n/a
340.74
+13.2%
Net profit margin
8.37%
-3.36%
+11.73 pp
7.66%
+0.72 pp
Tax as share of profit before tax
24.7%
n/a
n/a
25.4%
-0.67 pp
EPS, basic (₹)
15.10
n/a
n/a
12.87
+17.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit was ₹1,176.06 crore, up 17.3% from ₹1,002.50 crore in the quarter ended 30 Jun 2026. Total income rose 7.2% to ₹14,042.79 crore over the same period, so profit grew faster than income. Profit before tax was ₹1,561.80 crore.
Other income was ₹2,246.81 crore, up 36.3% from a year earlier and 25.8% from the previous quarter, against revenue from operations of ₹11,795.98 crore, which rose 1.6% year on year and 4.3% quarter on quarter. Other income was 16.0% of total income this quarter.
Against the year-earlier standalone net loss of ₹444.79 crore, basic EPS this quarter was ₹15.10, compared with ₹12.87 in the quarter ended 30 Jun 2026. Tax as a share of profit before tax was 24.7%, against 25.4% a quarter earlier.
Consolidated net profit is ₹65.72 crore above standalone. The consolidated statement includes subsidiary Bharat Financial Inclusion Limited and associate IndusInd Marketing and Financial Services Private Limited.
Inference
The Board approved the unaudited results on 23 Oct 2026. Joint statutory auditors Chokshi & Chokshi LLP and Borkar & Muzumdar issued limited review reports with an unmodified conclusion; the consolidated and standalone Pillar 3 disclosures were not covered by that review.
As at 30 Sep 2026, the consolidated capital adequacy ratio under Basel III was 16.59% and the CET 1 ratio 15.55%; gross NPA was 2.13% and net NPA 0.83%. The filing also says the Bank transferred ₹868.24 crore from the Investment Fluctuation Reserve to the accumulated balance in the profit and loss account in the quarter ended 30 Jun 2026.
The Bank allotted 11,960 shares in the quarter and 38,620 in the half year on exercise of employee stock options. The filing gives no reason for the move from a loss a year earlier to a profit this quarter.
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