IndusInd Bank Q1 Results Live Updates: Stock at the day's low ahead of results, margins may see pressure

IndusInd Bank Q1 Results Live Updates: IndusInd Bank Ltd., the Mumbai-based private lender, is set to report its quarterly results later this evening and after reporting a major net loss in the March quarter, the bank is expected to report a profit this time around, but by only just. A CNBC-TV18 poll is expecting a 40% drop in its Net Interest Income (NII) during the June quarter from the year-ago period. Watch this space for all the live updates.

IndusInd Bank Q1 Results Live Updates: IndusInd Bank Ltd., the Mumbai-based private lender, is set to report its quarterly results later this evening and after reporting a major net loss in the March quarter, the bank is expected to report a profit this time around, but by only just. A CNBC-TV18 poll is expecting a 40% drop in its Net Interest Income (NII) during the June quarter from the year-ago period, while a net profit of ₹525 crore is also anticipated during the quarter, which would still mean a 75% drop from the same quarter last year. Asset quality trends will be a key monitorable, after the report from Axis Bank and any potential pressure on Net Interest Margins during the quarter, as most lenders have seen a compression in margins during the quarter. Progress on appointment of the bank's new MD & CEO, any fund raising plans and other such developments, will be some of the key factors during the quarter. Watch this space for all the live developments.