IndusInd & Kotak Q3FY26 Result
IndusInd Bank announced its December quarter numbers on Friday afternoon. The IndusInd Bank share price closed 0.5% lower at Rs 848 per share. The Kotak Bank result will be announced tomorrow, and the section will be updated.
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IndusInd Bank Result: Key Numbers
Net Interest Income for Q3 FY26 stood at Rs 4,562 crore as compared to Q3FY25 at Rs 5,228 crore.
Fee and other income for Q3 FY26 came in at Rs 1,707 crore as against Rs 2,355 crore in Q3 FY25. Core fee income was Rs 1,575 crore compared to Rs 2,123 crore in the corresponding quarter of the previous year.
Yield on assets stood at 8.78% for the quarter ended December 31, 2025, as against 9.63% in the corresponding quarter of the previous year. Cost of funds stood at 5.26% compared to 5.70% in the corresponding quarter of the previous year.
Total expenditure, including interest expended and operating expenses, for Q3 FY26 was Rs 10,810 crore as compared to Rs 11,555 crore in Q3 FY25.
Operating expenses for Q3 FY26 were Rs 3,999 crore as against Rs 3,982 crore in the corresponding Q3 FY25.
Pre-Provision Operating Profit for Q3 FY26 stood at Rs 2,270 crore compared to Rs 3,601 crore in Q3 FY25.
Net profit for Q3 FY26 was Rs 128 crore as against a net profit of Rs 1,402 crore in the corresponding Q3 FY25.
IndusInd Bank Q3 Result: Balance Sheet
Balance sheet size as on December 31, 2025 stood at Rs 5,25,595 crore compared to Rs 5,49,500 crore as on December 31, 2024.
Deposits as on December 31, 2025 were Rs 3,93,815 crore as against Rs 4,09,438 crore as on December 31, 2024.
CASA deposits stood at Rs 1,19,104 crore, with current account deposits at Rs 31,416 crore and savings account deposits at Rs 87,688 crore. CASA deposits comprised 30% of total deposits as on December 31, 2025.
Advances as of December 31, 2025 were Rs 3,17,536 crore compared to Rs 3,66,889 crore in the previous year.
IndusInd Bank Q3 Result: Asset Quality
Gross NPAs stood at 3.56% of gross advances as on December 31, 2025, compared to 2.25% in Q3 FY25. Net NPAs were at 1.04% of net advances as on December 31, 2025, versus 0.68% in Q3 FY25.
The provision coverage ratio improved to 71.50% as on December 31, 2025. Provisions and contingencies for the quarter ended December 31, 2025 stood at Rs 2,096 crore as compared to Rs 1,744 crore in the corresponding quarter of the previous year. Total loan-related provisions as on December 31, 2025 were Rs 10,027 crore, representing 3.16% of the loan book.
IndusInd Bank Q3 Result: Capital Adequacy
The bank’s total capital adequacy ratio under Basel III guidelines stood at 16.94% as on December 31, 2025, compared to 16.46% as on December 31, 2024. Tier 1 CRAR stood at 15.74% as on December 31, 2025 versus 15.18% a year ago. Risk-weighted assets were Rs 4,01,497 crore compared to Rs 4,20,519 crore in the previous year.
IndusInd Bank Q3 Result: Management Commentary
Commenting on the performance, Mr. Rajiv Anand, MD and CEO of IndusInd Bank, said that during Q3 FY26 the bank continued its focus on optimising the balance sheet by exiting unprofitable loans and deposits, while remaining cautious on microfinance disbursements. He noted that operating performance remained steady, with Pre-Provision Operating Profit at Rs 2,270 crore, growing 11% quarter-on-quarter.
He added that asset quality trends remained stable across core businesses, except microfinance, where the industry has begun to show early signs of recovery. Overall, the bank returned to profitability with a Profit After Tax of Rs 128 crore. The balance sheet remains robust with healthy capital adequacy, excess liquidity, and a reducing stressed asset pool. The bank remains optimistic about the resilience of the domestic economy and plans to participate in the growth recovery in a calibrated manner.
Kotak Bank Q3Fy26 Result
Below are Kotak Bank Q3 standalone results:
Profit after tax for Q3 FY26 increased 4% YoY to Rs 3,446 crore from Rs 3,305 crore in Q3 FY25 and grew 6% QoQ from Rs 3,253 crore in Q2 FY26.
Net advances increased 16% YoY to Rs 4,80,673 crore as on December 31, 2025, from Rs 4,13,839 crore as on December 31, 2024. Customer assets, which comprise advances including IBPC and BRDS along with credit substitutes, grew to Rs 5,29,455 crore as on December 31, 2025, registering a 15% YoY growth from Rs 4,59,436 crore a year earlier.
Total period-end deposits grew 15% YoY to Rs 5,42,638 crore in Q3 FY26 from Rs 4,73,497 crore in Q3 FY25. Average total deposits for Q3 FY26 stood at Rs 5,26,025 crore, up 15% YoY from Rs 4,58,614 crore in Q3 FY25.
Average current deposits rose 14% YoY to Rs 75,596 crore in Q3 FY26 from Rs 66,589 crore in Q3 FY25. Average fixed-rate savings deposits increased 12% YoY to Rs 1,18,505 crore in Q3 FY26 from Rs 1,05,682 crore in Q3 FY25. Average term deposits grew 19% YoY to Rs 3,18,070 crore in Q3 FY26 from Rs 2,67,743 crore in Q3 FY25.
The CASA ratio stood at 41.3% as on December 31, 2025. Cost of funds for Q3 FY26 was 4.54%, compared to 5.06% in Q3 FY25 and 4.70% in Q2 FY26. The credit-to-deposit ratio stood at 88.6% as on December 31, 2025.
The bank’s customer base stood at 5.1 crore as on December 31, 2025.
Net interest income for Q3 FY26 increased 5% YoY to Rs 7,565 crore from Rs 7,196 crore in Q3 FY25, and rose 3% sequentially from Rs 7,311 crore in Q2 FY26. Net interest margin for Q3 FY26 stood at 4.54%, compared to 4.93% in Q3 FY25 and 4.54% in Q2 FY26.
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Fees and services income for Q3 FY26 increased 8% YoY to Rs 2,549 crore from Rs 2,362 crore in Q3 FY25, and grew 6% QoQ from Rs 2,415 crore in Q2 FY26.
Operating expenses for Q3 FY26 rose 8% YoY to Rs 5,023 crore from Rs 4,638 crore in Q3 FY25 and increased 8% QoQ from Rs 4,632 crore in Q2 FY26. Operating expenses for Q3 FY26 include an estimated incremental cost of Rs 96 crore due to the new Labour Code. Excluding this impact, operating expenses stood at Rs 4,927 crore, reflecting a 6% YoY and 6% QoQ increase. The cost-to-income ratio was 48.3% for Q3 FY26 and stood at 47.4% excluding the impact of the Labour Code.
Operating profit for Q3 FY26 increased 4% YoY to Rs 5,380 crore from Rs 5,181 crore in Q3 FY25, and rose 2% QoQ from Rs 5,268 crore in Q2 FY26.
Provisions for Q3 FY26 were Rs 810 crore compared to Rs 794 crore in Q3 FY25 and Rs 947 crore in Q2 FY26. Credit cost on an annualised basis stood at 0.63% in Q3 FY26 versus 0.68% in Q3 FY25 and 0.79% in Q2 FY26.
Kotak Bank Consolidated Result Summary
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