Indusind Bank has released its quarterly results. The bank's profit has seen a sharp increase compared to last year, while the profit figures have been much lower than market estimates. According to the data released by the bank, the bank's provisioning has increased significantly compared to last year and the previous quarter. The increase in provisioning has had an impact on profits. The bank's profit has fallen by 39 percent compared to last year. At the same time, NII has increased by more than 5 percent on a year-on-year basis. At the same time, a slight decline has been seen in the asset quality of the bank. The bank has released its results after the market closed. The stock closed with a gain of more than half a percent in Thursday's trading.

How were the results?

According to the information given by the bank, the profit of the second quarter has been at Rs 1325.5 crore, a decline of 39.4 percent compared to last year. In the same quarter last year, the profit was at Rs 2181.5 crore. The profit has been more than 42 percent lower than the poll of CNBC TV 18. The market had estimated a profit of Rs 2292 crore. At the same time, the net interest income has increased by 5.3 percent compared to last year and has increased from Rs 5076.8 crore to Rs 5347.3 crore. However, the market had given an estimate of Rs 5541 crore, that is, the results have been 3.5 percent less than the estimates. The increase in provisioning has affected the bank's profit. Provisions have reached Rs 1820 crore, which was at Rs 1050 crore in the last quarter and Rs 974 crore a year ago. Pressure seen in asset quality Pressure has been seen in the asset quality of the bank. Gross NPAs have increased from 2.02% to 2.11% in the first quarter. Net NPAs have increased from 0.6% to 0.64% during this period. If we look at the NPA value, gross NPAs have increased from Rs 7127 crore to Rs 7638 crore on a quarter-on-quarter basis and net NPAs have increased from Rs 2096 crore to Rs 2282 crore.