NSE: INDUSINDBK · BSE: 532187
INDUSIND BANK LIMITED
Earns revenue across four banking segments. Retail Banking was the largest, contributing 65.7% of segment revenue (₹31,608.71 crore) in the year-to-date period ending December 2024, with EBIT of ₹8,133.75 crore. This segment covers deposit-taking and lending to individuals, including personal loans and credit cards. Corporate/Wholesale Banking contributed 20.1% (₹9,673.34 crore) of segment revenue and ₹2,760.36 crore EBIT, serving corporate clients through lending and transaction banking; transaction banking fees account for 55% of wholesale and SME fee income. Treasury Operations contributed 14.1% (₹6,793.59 crore) of segment revenue and ₹563.92 crore EBIT, reflecting income from the bank's investment portfolio. Other Banking Business contributed 0.1% (₹38.58 crore). The bank serves around 42 million customers through 3,137 branches. As of Q1 FY27, deposits stood at ₹4,14,766 crore and net advances at ₹3,26,171 crore, with retail deposit share at a record 49.5% and CASA ratio at 29.5%. Asset quality metrics included GNPA at 3.25% and NNPA at 0.95%, with annualized net slippage at 1.5%. The bank runs 50+ ML models in credit decisions and monitors transactions for around 40 million customers hourly for fraud detection. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking (66%), Corporate / Wholesale Banking (20%), Treasury Operations (14%), Other Banking Business (0%). Private sector bank; deposit-taking and lending across retail and corporate, with a treasury book
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 4,805 | 7,443 | 8,977 | 2,576 | 889 |
| EPS, as reported (₹) | 62.07 | 96.01 | 115.54 | 33.07 | 11.42 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 16,672 | (12,442) | (16,925) | 18,278 | 993 |
| Capex | — | — | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 1,780 | 1,857 | (3,013) | 807 | (584) | 174 | 813 | 1,389 |
| Net profit | 1,331 | 1,402 | (2,329) | 604 | (437) | 128 | 594 | 1,037 |
| EPS (₹) | 17.09 | 18.01 | (29.90) | 7.75 | (5.61) | 1.64 | 7.63 | 13.31 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HDFC BANK LTD | 10,55,451 | 13.3 | — | — | — | — | — | — |
| ICICI BANK LTD. | 9,88,387 | 17.6 | — | — | — | — | — | — |
| KOTAK MAHINDRA BANK LTD | 4,39,694 | 11.5 | — | — | — | — | — | — |
| AXIS BANK LIMITED | 3,78,522 | 13.6 | — | — | — | — | — | — |
| FEDERAL BANK LTD | 85,395 | 18.2 | — | — | — | — | — | — |
| IDBI BANK LIMITED | 83,342 | 8.9 | — | — | — | — | — | — |
| INDUSIND BANK LIMITED ◆ | 66,304 | 50.1 | — | — | — | — | — | — |
| IDFC FIRST BANK LIMITED | 63,344 | 28.3 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 50.1 | 12.3 | 20 of 20 | 0% |
| Profit growth | 71.7 | 29.5 | 3 of 20 | 90% |
| Market cap | 66304 | 41392 | 7 of 20 | 68% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · IndusInd Bank grants 55,106 stock options to one employee | corporate actions | medium | — | — |
| 27 Oct 2026 · IndusInd Bank shares earnings call transcript for September 2026 | investor communications | medium | — | — |
| 24 Oct 2026 · IndusInd Bank files newspaper clippings of September 2026 results | compliance | minimal | — | — |
| 23 Oct 2026 · IndusInd Bank adds 14 business heads to senior management list | management changes | medium | — | — |
| 23 Oct 2026 · Audio recording of September 2026 quarter earnings call shared | investor communications | low | — | — |
| 23 Oct 2026 · IndusInd Bank Q2 FY27 profit rises 51% quarter on quarter | compliance | low | — | — |
| 23 Oct 2026 · Q2 FY27 profit rises 20% as bad loans fall, margin drops | investor communications | medium | — | — |
| 23 Oct 2026 · IndusInd Bank appoints Priyanka Sinha as independent director | management changes | medium | — | — |
| 23 Oct 2026 · Q2 FY27 profit turns positive; segment revenue rises 23.5% | results | high | — | — |
| 22 Oct 2026 · IndusInd Bank grants 100,000 stock options to 11 employees | general | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.