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IndusInd Bank Q2 FY27 Share Price & Earnings Call Analysis

₹868.00+2.00% today
Market cap
₹67,686 Cr
P/E
51.20
ROE
1.36%
PEG
-1.00
Price to sales
1.50
Debt to equity
6.73
52W high / low
₹1,069 / ₹752
Sales growth (5Y)
9.79%
EBITDA margin
49.02%
Net profit margin
1.92%
Promoter holding
15.82%
Sales (last year)
₹45,297 Cr

IndusInd Bank Limited was incorporated in 1994 as a commercial bank under the Banking Regulation Act, 1949. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India.[1]

Guidance scorecard · Q2 FY27 call

What IndusInd Bank Ltd's management guided
and where it ranks in Banks

#28of 28 in
Banks
Revenue0–10%MarginsUp 0–2%CapexWhat management saidFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

0–10%
  • The bank aims to grow in line with the overall market/system, targeting 13-14% growth this year with an exit ROA of 1%.
  • Wholesale banking loans grew 7% QoQ, with healthy growth across mid-market, large corporate, and institutional banking; growth expected to continue.
  • Strong focus on accelerating profitable growth across Retail, SME, Rural, and Wholesale Banking segments.
  • Microfinance and vehicle finance segments expected to accelerate disbursals from Q2 onwards after seasonal weakness in Q1.
  • SME segment is targeted for faster growth, with intentions to increase its portfolio share over the next 3 years.

2 more points from IndusInd Bank Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what IndusInd Bank Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

  • The bank has a strong capital adequacy position with CET1 at 16.10% and CRAR of 17.15%, providing ample capacity to support future growth.
  • The resolution for raising equity capital of INR 10,000 crores is an enabling resolution, and any capital raise will be decided based on necessity in the future.
  • Management is open about assessing capital needs and plans to raise capital if necessary to support growth.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what IndusInd Bank Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what IndusInd Bank Ltd said on the order book →

Full Q1 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. IDFC First BankGood growth
    3
See all potential multibaggersWhere does IndusInd Bank Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3IDFC First Bank20–40%Flat₹67,332 Cr29.9
420–40%Flat₹58,716 Cr49.8
520–40%Flat₹13,576 Cr9.4
620–40%Flat₹6,759 Cr8.6

Sign up free to see every company in the sector ranking and track IndusInd Bank Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of IndusInd Bank Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

IndusInd Bank Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +16.45%16.40%16.38%16.36%16.29%15.83%15.82%15.82%15.82%15.82%15.82%15.82%
FIIs +42.47%40.25%38.40%34.11%24.74%29.53%33.68%34.32%31.60%28.57%29.17%30.47%
DIIs +26.21%28.09%29.69%34.60%42.43%36.32%33.18%31.57%35.00%40.13%41.86%41.28%
Government +0.36%0.37%0.37%0.37%0.39%0.38%0.38%0.38%0.38%0.38%0.38%0.00%
Public +14.52%14.90%15.16%14.56%16.16%17.94%16.92%17.91%17.20%15.10%12.76%12.42%
No. of Shareholders3,59,6883,98,1814,17,3594,39,0526,39,7097,71,7436,95,6747,01,7116,49,0846,01,0565,68,1475,32,582

Financials of IndusInd Bank Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +11,24811,57212,19912,54712,68612,80110,63412,26411,60911,37311,00511,31011,796
Interest6,1716,2776,8227,1397,3397,5737,5867,6247,1996,8116,6346,6257,227
Expenses +4,4244,6184,7534,9475,7525,7266,7705,9896,6446,0955,2725,0825,166
Financing Profit653677623460-405-498-3,722-1,350-2,235-1,533-901-397-596
Financing Margin %6%6%5%4%-3%-4%-35%-11%-19%-13%-8%-4%-5%
Other Income +2,2822,3962,5082,4422,1852,3557092,1571,6511,7071,7141,7872,248
Depreciation0000000000000
Profit before tax2,9353,0733,1312,9021,7801,857-3,013807-5841748131,3891,652
Tax %25%25%25%25%25%24%-23%25%-25%26%27%25%25%
Net Profit +2,2022,3012,3492,1711,3311,402-2,329604-4371285941,0371,242
EPS in Rs28.3429.5930.1827.8817.0918.00-29.897.75-5.611.647.6313.3115.94
Gross NPA %1.93%1.92%1.92%2.02%2.11%2.25%3.13%3.64%3.60%3.56%3.43%3.25%2.73%
Net NPA %0.57%0.57%0.57%0.60%0.64%0.68%0.95%1.12%1.04%1.04%1.00%0.95%0.83%

Financials of IndusInd Bank Ltd

Profit & Loss

Annual income statement trend

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +11,87214,40617,28122,26128,78329,00030,82236,36845,74848,66846,25145,484
Interest7,3558,3439,78313,41516,72415,47215,82218,77625,13229,63628,26827,297
Expenses +4,1885,6846,5559,28412,54415,77215,56115,42517,56922,66423,43721,615
Financing Profit329379942-438-485-2,244-5602,1673,046-3,632-5,455-3,427
Financing Margin %3%3%5%-2%-2%-8%-2%6%7%-7%-12%-8%
Other Income +3,2974,1714,7505,6476,9536,5017,3458,1739,3967,6907,2297,455
Depreciation1571912122292913283524074635325640
Profit before tax3,4694,3605,4814,9806,1773,9296,4339,93211,9793,5261,2104,028
Tax %34%34%34%34%28%25%25%25%25%27%27%
Net Profit +2,2872,8683,6063,3014,4582,9304,8057,4448,9772,5768893,001
EPS in Rs38.4347.9560.0854.7764.2837.8962.0395.93115.3433.0611.4138.52
Dividend Payout %12%13%12%14%0%13%14%15%14%0%13%

Financials of IndusInd Bank Ltd

Balance Sheet

Capital structure and asset base

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital595598600603694773775776778779779779
Reserves17,10220,04923,24326,08534,05442,72747,25254,22962,42964,05764,96167,006
Deposits93,000127,572151,639194,868202,027255,870293,349336,120384,586410,862399,931428,832
Borrowing24,99621,45438,28947,32160,75451,32347,32349,01147,61153,70442,78953,781
Other Liabilities +7,2058,9767,8568,9449,70012,21013,26817,70119,68924,70634,93429,751
Total Liabilities142,898178,650221,628277,821307,229362,903401,967457,837515,094554,107543,394580,148
Fixed Assets +1,2181,3071,3131,6881,7921,8011,8341,9442,1272,3092,4202,518
CWIP372825227975951351971881260
Investments34,05636,70450,07859,26859,93869,65370,93083,076106,486114,457125,007106,391
Other Assets +107,587140,611170,211216,843245,419291,374329,109372,682406,283437,154415,841471,239
Total Assets142,898178,650221,628277,821307,229362,903401,967457,837515,094554,107543,394580,148

Financials of IndusInd Bank Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-2,92711,569-20,700-6,389-12,90744,97616,672-12,442-16,92518,278993
Cash from Investing Activity +-258-285-217-6331,445-324-395-481-703-685-524
Cash from Financing Activity +2,517-2,76815,5058,59012,733-4,096-4,3021,115-2,2424,876-10,912
Net Cash Flow-6678,516-5,4121,5681,27140,55611,975-11,808-19,86922,468-10,443
Free Cash Flow-3,18411,296-20,920-7,027-13,32444,64516,266-13,002-17,63617,569359

Financials of IndusInd Bank Ltd

Ratios

Working capital efficiency and return ratios

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %13%15%16%13%15%7%10%14%15%4%1%

Guidance history

How IndusInd Bank Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%Up 0–2%—Planned—
Q4 FY26 call →10–20%FlatPlannedNone planned—
Q3 FY26 call →10–20%Up 0–2%Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

25out of 100

Momentum score · price trend

25 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+7.5%66%
Last 6 months−5.2%45%
Last 3 months−14.2%30%

The price is 56.9% below its all-time high of ₹2,015.85 (3 Aug 2018). Stocks more than 20% below their peak have their score halved, so 51 became 25.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For IndusInd Bank Ltd: 0.4 × 66 + 0.4 × 45 + 0.2 × 30 = 51, halved to 25 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What IndusInd Bank Ltd's management said in earlier quarters

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