logo
IndusInd Bank Q1 Results: Cons PAT falls 72% YoY to Rs 604 crore; NII down 14%

IndusInd Bank Q1 Results: Cons PAT falls 72% YoY to Rs 604 crore; NII down 14%

Time of India20 hours ago
IndusInd Bank on Monday reported a 72% year-on-year fall in its consolidated net profit for the June quarter at Rs 604 crore, compared to Rs 2,171 crore in the year-ago period. The private lender's Net Interest Income (NII) in Q1FY26 stood at Rs 4,640 crore as compared to Rs 5,408 crore in Q1 FY25, declining 14%.
The net interest margin (NIM) stood at 3.46% for Q1 FY26 as compared to 4.25% for Q1 FY25.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Public Policy
Data Analytics
Degree
Others
Artificial Intelligence
Leadership
Project Management
Digital Marketing
Data Science
MCA
Management
Operations Management
MBA
Finance
Product Management
Data Science
CXO
Cybersecurity
healthcare
PGDM
others
Healthcare
Design Thinking
Technology
Skills you'll gain:
Economics for Public Policy Making
Quantitative Techniques
Public & Project Finance
Law, Health & Urban Development Policy
Duration:
12 Months
IIM Kozhikode
Professional Certificate Programme in Public Policy Management
Starts on
Mar 3, 2024
Get Details
Skills you'll gain:
Duration:
12 Months
IIM Calcutta
Executive Programme in Public Policy and Management
Starts on
undefined
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Highlights from Bollywood 2025 that captured attention
medianet.app
Learn More
Undo
The bank's net worth in the quarter under review stood at Rs 62,961 crores in Q1FY26 as compared to Rs 62,532 crores in Q1FY25.
IndusInd Bank's revenue from fee and other income for the Q1FY26 stood at Rs 2,157 crore as compared to Q1FY25 at Rs 2,442 crore.
More to come...
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Epson launches EpiqVision Mini laser projectors in India from Rs 99,999
Epson launches EpiqVision Mini laser projectors in India from Rs 99,999

Business Standard

time9 minutes ago

  • Business Standard

Epson launches EpiqVision Mini laser projectors in India from Rs 99,999

Epson introduces EpiqVision Mini EF-22N and EF-21W laser projectors in India for home use with fullHD projection resolution, Dolby Audio, Google TV, and 150-inch projection EpiqVision Mini EF-21W and EF-22N New Delhi Japanese imaging solutions company Epson has launched two new smart laser projectors in India –EpiqVision Mini EF-22N and EF-21W. Designed for home entertainment, the portable projectors feature Full HD resolution, Dolby Audio, and built-in Google TV in a compact and stylish design. Price and availability Epson EpiqVision Mini EF-22N: Rs 119,999 Epson EpiqVision Mini EF-21W: Rs 99,999 Epson is offering a warranty of three years or 20,000 hours, whichever comes earlier. EpiqVision Mini EF-22N and EF-21W: Features Both projectors offer a maximum display size of 150-inch in fullHD (1920 x 1080p) resolution. They deliver a brightness of 1,000 lumens for both colour and white, promising vibrant and clear visuals even under ambient lighting. Support for HDR10 and HLG further enhances contrast and clarity. For audio, both projectors come with dual 5W speakers tuned with Dolby Audio. The EpiqVision Mini EF-22N also features a built-in adjustable stand offering 360-degree horizontal and 150-degree vertical movement. Both models sport a metallic build for enhanced portability. Equipped with Google TV, the projectors allow access to a wide range of content from streaming services. They also support Google Cast, enabling content sharing from smartphones, tablets, or laptops without the need for additional devices. Powered by a laser light source, both models offer up to 20,000 hours of maintenance-free operation. Epson said the projectors are energy-efficient and reflect its commitment to environmental sustainability. Key specifications

India Inc's CSR spending rises 29pc in FY22-FY24, education & healthcare lead: Report
India Inc's CSR spending rises 29pc in FY22-FY24, education & healthcare lead: Report

Hans India

time9 minutes ago

  • Hans India

India Inc's CSR spending rises 29pc in FY22-FY24, education & healthcare lead: Report

New Delhi: India Inc's annual corporate social responsibility (CSR) spending increased by 29 per cent between FY2022 and FY2024, according to a report on Tuesday. The report by ICRA ESG Ratings showed that till March 2024, the sample set of companies collectively spent Rs 12,897 crore, with an average of Rs 129 crore on CSR initiatives. Between FY2022 and FY2024, average net profits rose by 37 per cent while CSR spending increased by 29 per cent. Notably, 16 out of 100 companies increased their CSR spending despite the decline in profits during the same period, reflecting a commitment to social responsibility beyond compliance. Despite a decline in profits, 48 per cent of companies surpassed the mandated CSR budgets, underscoring their commitment beyond compliance. 'The growing alignment with UN SDGs and proactive CSR spending -- even beyond mandated budgets -- reflects a maturing approach to inclusive development. These efforts are not only enhancing stakeholder value but also contributing meaningfully to India's broader climate and social goals,' said Sheetal Sharad, Chief Ratings Officer, ICRA ESG Ratings. Further, the report showed deepening alignment with the United Nations Sustainable Development Goals (UN SDGs), as companies increasingly move beyond regulatory compliance to proactively invest in initiatives -- particularly in quality education and good health and well-being -- that deliver long-term societal impact. Education and healthcare remained the top CSR focus areas, with SDG 4 (Quality Education) and SDG 3 (Good Health and Well-being) showing the highest alignment across the sample set. Maharashtra and Gujarat received the highest CSR allocations by corporates, while Odisha recorded a major growth of 85 per cent, followed by Andhra Pradesh with 70 per cent growth in CSR spending concentration, reflecting an increased corporate focus on underdeveloped regions with high development needs and potential for impact. Sectoral leaders in CSR spending include the oil and gas refineries sector, private sector banks, the iron and steel sector, and software consulting firms. CSR spending in aspirational districts surged by 115 per cent from FY2021 to FY2023. While a few companies have directed up to half of their CSR budgets toward aspirational districts, the majority continue to allocate less than 5 per cent -- highlighting the need for greater strategic focus and resource allocation in aspirational districts. While progress is evident, the report emphasises the importance of diversification in the CSR focus and exploration of innovative partnerships along with funding alternatives that can bring attention to other causes which are less supported yet remain vital.

Varun Beverages Q1 Results: PAT up 5% YoY despite 2% dip in revenue
Varun Beverages Q1 Results: PAT up 5% YoY despite 2% dip in revenue

Time of India

time9 minutes ago

  • Time of India

Varun Beverages Q1 Results: PAT up 5% YoY despite 2% dip in revenue

Varun Beverages, PepsiCo's bottling partner, announced its Q1 results. The company saw a profit increase. However, revenue experienced a slight decrease. The Board approved an interim dividend. Despite challenges like unseasonal rains, the company remains optimistic. They are focusing on expanding their reach and product availability. Shares of Varun Beverages saw a slight increase following the announcement. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads PepsiCo's bottling partner, Varun Beverages , has announced its results for the first quarter ended June 2025, reporting a 5% year-on-year (YoY) surge in profit after tax (PAT) at Rs 1,325.49 crore, up from Rs 1,261.83 crore reported a year ago. However, revenue from operations slid by 2.3% from operations for Q1 FY26 stood at Rs 7,333.67 crore, compared to Rs 7,513 crore in the corresponding quarter of the previous financial PAT rose significantly by 81.2%, up from Rs 731.36 crore in the March addition to the Q1 results, the company's Board of Directors has approved an interim dividend of 25% of the face value, amounting to Rs 0.50 per share. The total estimated cash outflow for this dividend distribution will be approximately Rs 169.1 company's EBITDA margin expanded by 82 basis points YoY to 28.5% in Q2 CY2025, compared to 27.7% in Q2 CY2024, despite higher fixed overheads from newly commissioned capacity at four greenfield plants in India, which are yet to contribute incremental margin expansion was supported by operational efficiencies and favourable currency movements in international markets. Gross margins remained stable at 54.5% during the quarter, while EBITDA stood steady at Rs 1,998.77 Beverages also acquired 50% of the equity share capital of Everest Industrial Lanka (Private) Limited (EIL), based in Sri Lanka. EIL is engaged in the production, manufacturing, distribution, and sale of commercial visi-coolers and related its investor presentation, the company reported a 3% YoY decline in consolidated sales volume to 389.7 million cases in Q2 CY2025, down from 401.6 million cases in the same quarter of drop in volumes was primarily attributed to unusually high and unseasonal rainfall across India during the sales volumes in India declined by 7.1%, while international volumes registered robust growth of 15.1%. South Africa alone posted a 16.1% rise, partially offsetting the overall company remained net debt-free during the quarter, maintaining free cash of Rs 514.90 crore. This strong liquidity position has contributed to a healthier balance sheet and ensures readiness for future growth initiatives.'Although unseasonal rains have impacted performance during the quarter, we have successfully navigated such challenges in the past and emerged stronger. We continue to strengthen our on-ground execution by adding more visi-coolers and ensuring wider product availability across retail touchpoints,' said Ravi Jaipuria, Chairman of Varun the outlook, the company stated that with robust capacities now operational, an expanding product portfolio, and a sharply focused distribution network, it is well-positioned to capture emerging opportunities and drive sustainable, long-term value creation for all the quarterly results, shares of Varun Beverages were trading 1.5% higher at Rs 493.95 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store