India's IndusInd Bank reported a fall in third-quarter profit on Friday, as it set aside more funds for potential loan losses amid a deterioration in asset quality. The private lender posted a net profit of 14.

Private sector lender IndusInd Bank reported a 39 per cent year-on-year (Y-o-Y) decline in net profit to Rs 1,402 crore in the quarter ended December (Q3FY25) due to a significant jump in provisions and contingencies following higher slippages during the quarter, especially from the microfinance portfolio.

The bank's provisions increased 87% to ₹1,744 crore as gross non performing assets (NPA) rose to 2.25% in the quarter ended December 2024, from 1.92% in the same time a year ago. Net NPA was at 0.68%,

Shares of IndusInd Bank ended in the green ahead of the results. The stock closed at ₹992.15 on the BSE, up nearly 4%.

The bank's provisions and contingencies, or funds set aside to cover loan losses, jumped 87 per cent to Rs 1,744 crore

IndusInd Bank is likely to register 38.6 percent YoY slump in net profit, bringing it down to Rs 1,411 crore in Q3FY25

IndusInd Bank reports 39% y-o-y fall in net profit, higher provisions, and expenses; cautious on microfinance segment.

India's IndusInd Bank reported a slightly sharper than expected drop in third-quarter profit on Friday, as it set aside more funds to cover bad loans and as asset quality deteriorated due to stress in microfinance loans.

Bank reported a net profit of Rs 1,402 crore in the third quarter of fiscal year 2025, 39 percent lower than the Rs 2,301 crore reported in the corresponding quarter of the previous year.

IndusInd Bank reported a 39% year-on-year decline in standalone net profit, totaling ₹1401.28 crore for Q3 FY25 on January 31.