IndusInd Bank’s stock has hit the lower circuit, dropping 10% to ₹1,152.05 as of 9:20 AM, following the release of its Q2 FY25 results, which revealed a significant 40% year-on-year (YoY) decline in net profit. The sharp decline in profitability has triggered a negative response in the market, causing the stock to hit the lower circuit.
The bank’s poor performance, driven by a fall in operating profit and higher provisions, has led to concerns among investors, with the stock price taking a significant hit. The market reacted swiftly to the weaker-than-expected results, resulting in the stock being locked at its lower trading limit for the day.
IndusInd Bank’s Q2 results mark the first time in 33 quarters that the bank has reported such a steep profit decline, adding to investor concerns about its future performance.
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