IndusInd Bank shares rise over 1% after Q3 results. Should you buy, sell or hold?
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IndusInd Bank shares jumped 1.5% on the BSE today, reaching a day’s high of Rs 1,007.50 after the lender reported a 39% year-on-year (YoY) decline in standalone net profit for Q3FY25, dropping to Rs 1,401 crore from Rs 2,298 crore a year ago. Despite the decline, the profit after tax (PAT) surpassed street estimates of Rs 1,282 crore. The bank's interest income rose 11% YoY to Rs 12,801 crore in Q3FY25 from Rs 11,572 crore in the same quarter last year. On a consolidated basis, PAT fell 39% YoY to Rs 1,402 crore from Rs 2,301 crore. Net interest income (NII) declined to Rs 5,228 crore in Q3FY25 from Rs 5,296 crore in Q3FY24, while net interest margin (NIM) contracted to 3.93% from 4.29% a year ago and 4.08% in Q2FY25. The yield on assets stood at 9.63%, down from 9.75% in the year-ago quarter, while the cost of funds rose to 5.70% from 5.46% YoY. Also Read: Stocks in news on Budget day: ITC, Sun Pharma, Vishal Mega Mart, Infosys, Hero...