IndusInd Bank shares fall 5% despite 72% YoY Q1 profit surge. Why analysts remain bullish?

IndusInd Bank reported a 72% year-on-year jump in Q1 FY27 net profit to Rs 1,037 crore, beating profit estimates by about 37%. Net interest income was largely flat at Rs 4,685 crore while net interest margin improved to 3.57% from 3.46%, and gross NPAs eased to 3.25% from 3.64%. Despite the strong beat, shares fell 5% on the day, though brokerages Nuvama and Motilal Oswal raised target prices to Rs 1,250 and Rs 1,125 respectively, citing a credible turnaround path under new management.