India's IndusInd Bank jumps after quarterly profit view beat

Indusind Bank

27/04/2026 05:51

April 27 (Reuters) - ** Shares of IndusInd Bank INBK.NS jump about 4% to 882 rupees, highest level since March 11

** INBK top gainer on Nifty Bank .NSEBANK index

** Private lender reported a bigger-than-expected Q4 profit, helped by slower additions to bad loans and lower provisions

** Co posted Q4 profit of 5.33 billion rupees ($56.56 million), beating analysts' estimate of 3.89 billion rupees – LSEG-compiled data

** Provisions and contingencies drop 38.6% y/y to 14.84 billion rupees

** INBK rated "hold" on average by 36 analysts, mean PT: 870 rupees - data compiled by LSEG

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

($1 = 94.2375 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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