IndusInd Bank is likely to continue its healthy profit numbers and stable loan growth for the January to March period and the full fiscal year ending March 2018 even as provisions could see some strain on the gross and net non-performing asset (NPA) ratios.
As per Reuters poll, provisions for the quarter and full year are likely to be at Rs 325 crore and Rs 1,170.9 crore, respectively.
The net profit estimates stood at Rs 961.5 crore for the January to March quarter, a substantial rise of 27.8 percent jump over Rs 751.6 crore in the same quarter a year ago.
“IndusInd Bank has a portfolio of gems and jewellery segment. That is what we would look at for this quarter as that is the only risk factor. Overall, the bank will be stable in its performance,” said Hatim Broachwala, banking analyst with IDBI Capital.