IndusInd Bank's stock has fallen sharply. The stock has fallen 20 percent. This is the biggest fall in 4 years. At the same time, if we look at the return of the stock, it is known that the stock has fallen 22 percent in three months and 26 percent in one year. Experts say that IndusInd Bank has recorded the lowest income growth so far. This is much less than the market estimates. At the same time, there has been a decline in net interest income quarter-on-quarter (QoQ). Analysts at Nuvama Institutional Equities said that even excluding the provisioning of Rs 525 crore, the company's profit is much less than the estimate.

Let us tell you what was there in the quarterly results that the decline in the stock is not stopping...

Phillip Capital's research report states that margins have been affected in FY25 and the cost of loans has increased. The bank's growth has slowed down due to pressure on the micro finance (MFI) portfolio. Tension will increase further - brokerage firms expect that the pressure on MFI will remain high in the third quarter as well. Nuvama's report shows that the EPS target for FY25 and FY26 has been reduced by 20 percent and 15 percent. The rating on the stock has been reduced from 'buy' to hold and the target has been reduced from Rs 1690 to Rs 1290. Phillip Capital has also retained the 'buy' rating for IndusInd Bank with a target price of Rs 1560 (earlier Rs 1830). Let's also take a look at the quarterly results of the bank - According to the information given by the bank, the profit of the second quarter has come down by 39.4 percent compared to last year to Rs 1325.5 crore. In the same quarter last year, the profit was 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. NII-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. Pressure has been seen in the asset quality of the bank. Gross NPA has increased from 2.02 percent to 2.11 percent as compared to the first quarter. At the same time, net NPA has increased from 0.6 percent to 0.64 percent during this period. If we look at the NPA value, then Gross NPA has increased from Rs 7127 crore to Rs 7638 crore on quarter-on-quarter basis and Net NPA has increased from Rs 2096 crore to Rs 2282 crore.