INDUSINDBK
IndusInd Bank share price & financials
- Price
- ₹947.45
- Market cap
- ₹76.1k Cr
- Sector
- Financial Services
- Calls analysed
- 4
IndusInd Bank Q4 FY26
What went well
- Profit after tax (PAT) for the quarter was Rs.594 crores, up from Rs.128 crores QoQ, reflecting strong financial outcome.
- Net slippages were down 37% QoQ, resulting in lower provisioning of Rs.1,482 crores, a 29% QoQ reduction.
- Retail deposit mobilization saw healthy traction with net additions of Rs.6,800 crores, improving the share of average retail deposits to 47.9% QoQ.
What to watch
- Overall average loan book declined 2% QoQ, primarily due to a 6% QoQ decline in the large corporate portfolio.
- Heightened uncertainty arising from the ongoing conflict in West Asia tempers the near-term outlook, requiring the bank to remain watchful.
What IndusInd Bank Limited does
IndusInd Bank is a universal private-sector bank offering deposits, loans, cards, wealth management and digital banking to individuals, SMEs, large corporates, government bodies and PSUs. It earns through interest income on its loan book (retail products such as vehicle finance, consumer loans, microfinance/rural loans and SME credit, alongside wholesale lending to large corporates and institutions) and fee/other income from deposits, cards, treasury and transaction banking. The bank runs one of the largest vehicle-finance franchises in India and a deep rural/microfinance distribution built over decades, complemented by digital platforms INDIE (retail) and INDIE for Business.
Segments
- Retail Banking
- Wholesale Banking
- Customers served
- 42 million+
- Total banking touchpoints (branches, BFIL branches, vehicle-finance outlets, ATMs)
- 9,535+
- Branches / banking outlets
- 3,136
- BFIL (microfinance) branches
- 3,427
- ATMs
- 2,870
- Villages covered by rural banking network
- ~1,62,000
Guidance record · Q4 FY26
what the last two calls moved 8 tracked 3 delivered 0 missed 5 open- Microfinance Normalcy delivered said Q4 FY25 Promised: Normalcy maybe 6 months away. Q4 FY26: Gross slippages in Micro Loans reduced significantly to Rs.504 crores from Rs.1,022 crores QoQ. Management guides for calibrated growth in FY27.
- Net NPA diluted said Q2 FY26 Promised: get to in the vicinity of 50-60 basis points in the medium term. Q4 FY26: Management reiterates the 50bps target but removes the timeline, stating 'it's a journey. It's not going to happen like immediate next few quarters'.
- Return on Assets (RoA) on track said Q2 FY26 Promised: The first medium-term objective is to get to 1% RoA. Q4 FY26: CFO outlined the path to 1% RoA coming from equal contribution from credit cost and operating profit improvements.
All 8 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 7.8%, net profit up 46.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12,686 | 12,801 | 10,634 | 12,264 | 11,609 −8% | 11,373 −11% | 11,005 +3% | 11,310 −8% |
| Net profit | 1,325 | 1,401 | -2,236 | 684 | -445 −134% | 161 −89% | 533 +124% | 1,002 +46% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +30.2% 1Y
1Y: ₹751.25 on 10 Sept 2025 → ₹978.2. High ₹1,069.3 (22 Jul 2026), low ₹712.75 (26 Sept 2025).
How the price took the results
close before → close after
- Q4 FY26
- −1.4%
- 24 Apr
- Q3 FY26
- −1.1%
- 23 Jan
- Q2 FY26
- +1.2%
- 18 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 8.3% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹36.4k Cr | ₹45.7k Cr | ₹48.7k Cr | ₹46.3k Cr |
| Interest | ₹18.8k Cr | ₹25.1k Cr | ₹29.6k Cr | ₹28.3k Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹7.4k Cr | ₹8.9k Cr | ₹2.6k Cr | ₹933 Cr |
| Net margin | 20.3% | 19.6% | 5.4% | 2.0% |
| ROE | 14.0% | 15.0% | 4.0% | 1.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹773 Cr | ₹775 Cr | ₹776 Cr | ₹778 Cr | ₹779 Cr | ₹779 Cr |
| Reserves | ₹42.6k Cr | ₹46.9k Cr | ₹53.8k Cr | ₹62.0k Cr | ₹63.9k Cr | ₹64.7k Cr |
| Borrowings | ₹51.3k Cr | ₹47.3k Cr | ₹49.0k Cr | ₹47.6k Cr | — | ₹42.8k Cr |
| Deposits | ₹256.2k Cr | ₹293.7k Cr | ₹336.4k Cr | ₹384.8k Cr | — | ₹400.2k Cr |
| Other liabilities | ₹12.1k Cr | ₹13.3k Cr | ₹17.7k Cr | ₹19.7k Cr | ₹27.6k Cr | ₹35.0k Cr |
| Total liabilities | ₹363.0k Cr | ₹402.0k Cr | ₹457.8k Cr | ₹514.9k Cr | ₹527.4k Cr | ₹543.4k Cr |
| Fixed assets | ₹1.7k Cr | ₹1.8k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹2.4k Cr | ₹2.3k Cr |
| Capital work in progress | ₹75 Cr | ₹95 Cr | ₹135 Cr | ₹197 Cr | ₹0 Cr | ₹126 Cr |
| Investments | ₹69.7k Cr | ₹71.0k Cr | ₹83.1k Cr | ₹106.5k Cr | ₹124.0k Cr | ₹125.0k Cr |
| Other assets | ₹291.5k Cr | ₹329.2k Cr | ₹372.7k Cr | ₹406.2k Cr | ₹400.9k Cr | ₹415.9k Cr |
| Total assets | ₹363.0k Cr | ₹402.0k Cr | ₹457.8k Cr | ₹514.9k Cr | ₹527.4k Cr | ₹543.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +8.68 pp while FIIs trimmed −4.51 pp. The shareholder count shrank 18% to 5,68,147.
- Promoters
- 15.8%
- FIIs
- 29.2%
- DIIs
- 41.9%
- Government
- 0.4%
- Public
- 12.8%
Since Jun 2025
- DIIs +8.68 pp
- FIIs −4.51 pp
- Public −4.16 pp
How it drifted, 12 quarters
Over this window DIIs went from 28.2% to 41.9% — +13.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 16.5%, FIIs 41.5%, DIIs 28.2%, Government 0.4%, Public 13.5%.Dec '23: Promoters 16.4%, FIIs 42.5%, DIIs 26.2%, Government 0.4%, Public 14.5%.Mar '24: Promoters 16.4%, FIIs 40.3%, DIIs 28.1%, Government 0.4%, Public 14.9%.Jun '24: Promoters 16.4%, FIIs 38.4%, DIIs 29.7%, Government 0.4%, Public 15.2%.Sep '24: Promoters 16.4%, FIIs 34.1%, DIIs 34.6%, Government 0.4%, Public 14.6%.Dec '24: Promoters 16.3%, FIIs 24.7%, DIIs 42.4%, Government 0.4%, Public 16.2%.Mar '25: Promoters 15.8%, FIIs 29.5%, DIIs 36.3%, Government 0.4%, Public 17.9%.Jun '25: Promoters 15.8%, FIIs 33.7%, DIIs 33.2%, Government 0.4%, Public 16.9%.Sep '25: Promoters 15.8%, FIIs 34.3%, DIIs 31.6%, Government 0.4%, Public 17.9%.Dec '25: Promoters 15.8%, FIIs 31.6%, DIIs 35.0%, Government 0.4%, Public 17.2%.Mar '26: Promoters 15.8%, FIIs 28.6%, DIIs 40.1%, Government 0.4%, Public 15.1%.Jun '26: Promoters 15.8%, FIIs 29.2%, DIIs 41.9%, Government 0.4%, Public 12.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Invesco India Arbitrage Fund Mutual fund newly disclosed 2.21% held
- HDFC Life Insurance Company Limited Insurer newly disclosed 1.33% held
- Tata Aia Life Insurance Co Ltd-Whole Life Mid Cap Equity Fund-Ulif 009 04/01/07 Wle 110 Insurer newly disclosed 1.11% held
- Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund Mutual fund +0.31 pp 4.47% held
- HDFC Mutual Fund - HDFC Mid-Cap Fund Mutual fund +0.22 pp 4.28% held
- Government Pension Fund Global Sovereign +0.08 pp 2.39% held
- Nippon Life India Trustee Ltd-A/C Nippon India ETF Nifty Bank Bees Mutual fund +0.05 pp 1.80% held
The same filing shows 4 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of IndusInd Bank Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Indusind International Holdings Limited | 10.53% | unchanged |
| ICICI Prudential Multi-Asset Fund Mutual fund | 5.54% | −0.35 pp |
| Indusind Limited | 5.29% | unchanged |
| Life Insurance Corporation Of India Insurer | 5.11% | unchanged |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund Mutual fund | 4.47% | +0.31 pp |
| HDFC Mutual Fund - HDFC Mid-Cap Fund Mutual fund | 4.28% | +0.22 pp |
| Mirae Asset Large Cap Fund Mutual fund | 3.75% | −0.76 pp |
| Government Of Singapore - E Sovereign | 3.05% | unchanged |
| Government Pension Fund Global Sovereign | 2.39% | +0.08 pp |
| Invesco India Arbitrage Fund Mutual fund | 2.21% | newly disclosed |
| Nippon Life India Trustee Ltd-A/C Nippon India ETF Nifty Bank Bees Mutual fund | 1.80% | +0.05 pp |
| SBI Life Insurance Co. Ltd Insurer | 1.49% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in INDUSINDBK
Filings to Aug 2026
1 new, 14 added, 8 trimmed, 0 sold out — net −8.99 L shares (−2.6%).
- Held by funds
- ₹3.4k Cr
- 32 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹658 Cr · 0.6% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹658 Cr | −2.09 L | Dec '22 |
| HDFC Large Cap Fund HDFC Mutual Fund | ₹626 Cr | held | Dec '24 |
| Nippon India ETF Nifty Bank BeES Nippon India Mutual Fund | ₹457 Cr | −0.37 L | Jan '19 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹381 Cr | held | Dec '22 |
| Nippon India Value Fund Nippon India Mutual Fund | ₹257 Cr | −2.00 L | May '23 |
| Nippon India Banking & Financial Services Fund Nippon India Mutual Fund | ₹220 Cr | held | May '19 |
| SBI Nifty Bank ETF SBI Mutual Fund | ₹204 Cr | +0.20 L | Aug '21 |
| Nippon India Vision Large & Mid Cap Fund Nippon India Mutual Fund | ₹102 Cr | held | Jan '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
14 added, 8 trimmed — net −8.99 L shares (−2.6%)
- Funds are sitting on
- -8%
- vs est. average cost
- Held by funds
- ₹3.4k Cr
- 32 schemes · ≈ 4.2% of the company
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹658 Cr · 0.6% of that fund
- Longest holder
- Nippon India Conservative Hybrid Fund
- 8y 4m · since May '18
Shares held by these funds −16%
Aug '23 3.41 cr shares Jul '26
All earnings calls (4)
Read the Q4 FY26 call →Learn to analyse IndusInd Bank Limited
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