Name: Latest research reports of IndusInd Bank Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: IndusInd Bank Ltd.
Rating: 5
Author: Sharekhan

Weak quarter on expected lines

Buy: IndusInd Bank Ltd.

Target

Sharekhan

IndusInd Bank (IIB) reported weak performance in Q3FY2025 across key metrics on expected lines. Net interest income (NII) at Rs. 5,228 crore (below estimates led by lower NIM and slower credit growth) was down 1% y-o-y/2% q-o-q. NIM fell by 15 bps q-o-q to 3.93%, given lower growth in the unsecured book, repricing of the corporate book, higher slippages, and increased cost of funds (9 bps q-o-q).