IndusInd Bank Q3 Results: Date, Time, Earnings Call Details And More

Private sector lender IndusInd bank is slated to release its Q3 earnings this week. The bank confirmed the news through a filing to the bourses. IndusInd Bank shared a business update earlier this month, posting a 12% year-on-year growth in advances at Rs 3.67 lakh crore versus Rs 3.27 lakh crore in the year-ago period. Deposit rose 11% YoY to Rs 4.1 lakh crore from Rs 3.68 lakh crore in the corresponding quarter of the previous financial year. 

Established in 1994 by Srichand Hinduja along with members of the Indian diaspora, the bank today has grown to become one of the biggest private sector lenders in India. It has a total market capitalisation of over Rs 75,000 crore. Here's everything you need to know about IndusInd Bank Q3 results 

IndusInd Bank in an exchange filing dated Jan. 22 stated that its board of directors will meet to discuss and approve the financial statements of the company for the quarter and months ending December 2024. 

"We would like to inform you that the meeting of the Board of Directors of the Bank will be held on Friday, January 31, 2025, to consider and approve, inter alia, the Unaudited Standalone and Consolidated Financial Results for the quarter and nine-months ended December 31, 2024," the bank said. 

"Please note that the 'Trading Window'' for trading in securities of the Bank which is closed since Thursday, December 26, 2024 and shall remain closed up to two days after the date of declaration of the said Financial Results i.e., up to Sunday, February 2, 2025," it added.

IndusInd Bank will also hold a conference call on its website to discuss the results. The conference call is scheduled to take place at 5:30 p.m. on Friday, Jan. 31. 

One can dial +91 22 6280 1102 / +91 22 7115 8003 to participate in the IndusInd Bank Q3 earnings call.

Shares Of IndusInd Bank have dropped as much as 38% over the past year while falling nearly 33% in six months on the NSE. Over the past month, the stock has dropped 1.3% amid a correction in the Indian market. IndusInd Bank stock has declined 1.8% over the past five trading sessions.

IndusInd Bank's standalone net profit nosedived 39% year-on-year to Rs 1,325 crore in the second quarter of the ongoing fiscal due to a rise in provision. The bank's provision for the quarter under review rose 87% YoY to Rs 1,820 crore. Net interest income jumped 5% YoY to Rs 5,347 crore in Q2FY25. The bank's net NPA for Q2  was 0.64% versus 0.6%.