IndusInd Bank Q4 preview: Profit may dip 95% QoQ on exposure to telecom cos

According to analysts at ICICI Securities, the Rs 8,800 crore-exposure to the telecom sector may cast shadow over the bank's asset quality.

Private lender IndusInd Bank’s net profit may plunge by as much as 95 per cent sequentially when it reports its March quarter earnings for financial year 2019-20 (FY20) on Monday, April 27. The number, analysts fear, may drop on the back of higher provisioning amid asset quality concerns in the wake of coronavirus (Covid-19) outbreak, and weak loan disbursement.

Analysts at Motilal Oswal Financial Services peg the bank’s profit after tax (PAT) at Rs 61.7 crore, down from Rs 360.1 crore logged in the corresponding quarter of the previous fiscal (Q4FY19). The same was Rs 1,300.2 crore in the December quarter of