IndusInd Bank Q1 Results: Profit soars 72% YoY to Rs 1,037 crore; NII flat

IndusInd Bank reported a 72% year-on-year jump in net profit to Rs 1,037 crore for Q1FY27, supported by lower operating expenses and reduced provisions. Net interest margin improved to 3.57% from 3.46%, and asset quality strengthened with gross NPA ratio falling to 3.25% and net NPA ratio improving to 0.95%. However, advances declined to Rs 3.26 lakh crore from Rs 3.33 lakh crore, and fee income fell to Rs 1,787 crore from Rs 2,157 crore.