Below the Views on IndusInd Bank Ltd. Q2FY25 Result by Manish Chowdhury, Head of Research, Stoxbox
IndusInd Bank Ltd. Q2FY25 Result First Cut - Net profit falls 40% YoY, hit by provisions, finance costs; Misses estimates
- Net Interest Income stood at Rs. 5,347 crores in Q2FY25, down 1.1% QoQ / up 5.3% YoY.
- Pre-provision operating profit (PPOP) stood at Rs. 3,600 crores in Q2FY25, showing a de-growth of 8.9% QoQ / up 8% YoY.
- Provisions rose to Rs. 1,820 cror...
Views on IndusInd Bank Ltd. Q2FY25 Result by Manish Chowdhury, Head of Research, Stoxbox
India equity benchmarks opened in red on Monday as heavyweights like IndusInd bank, Tata Steel, SBI, and JSW Steel are top losers.
At 9:41 am, Sensex was down 430 points or 0.56 per cent, 76,779, and Nifty was down 134 points or 0.57 per cent, 23,366.
Overall sentiment in the market is negative. On NSE, Out of total stocks 1,492 shares are in the red and 716 in the green.
There is also a decline in small and medium stocks. The Nifty Midcap 100 index fell 428 points or 0.76 per cent t...
Sensex, Nifty trade lower, IndusInd Bank and Tata Steel top losers
