India's IndusInd Bank jumps after fourth-quarter profit beat

Indusind Bank

27/04/2026 08:58

Updates

** Shares of IndusInd Bank INBK.NS jump as much as 6.1% to 889.90 rupees; top gainer on Nifty Bank .NSEBANK index, which is up about 0.3%

** Private lender reported a bigger-than-expected Q4 profit at 5.33 billion rupees  ($56.58 million), helped by slower additions to bad loans and lower provisions

** Emkay expects return on assets to improve to ~1.1-1.4% over FY28–FY29 as credit costs fall

** BofA hikes PT by 40 rupees to 860 rupees and adjusted EPS estimates by 0-4% to reflect growth and improving asset quality

** UBS lifts PT by 70 rupees to 730 rupees and raises EPS estimates by about 5% and 7% for FY27 and FY28, respectively, after raising net interest income and fee income forecasts

** YTD, stock up about 2% vs Nifty Bank's decline of 5.6%

($1 = 94.2100 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))