Profit after tax of the bank is expected to grow 21 percent year-on-year to Rs 328 crore and net interest income may rise 23 percent Y-o-Y to Rs 712 crore in the quarter ended December 2013.
Analysts say the loan growth is likely to remain strong at over 20 percent. Brokerage house expect it at around 24 percent.
Net interest margin (NIM) may see a decline sequentially. In September quarter, the bank restricted fall in NIM to 7 basis points Q-o-Q to 3.65 percent from 3.72 percent despite a 21 bps Q-o-Q rise in cost of funds (due to whole sale funds rising). Hence, analysts are cautious that pressure of higher cost of funds may spill into third quarter as well.
UBS expects a 7 bps sequential decline in NIM while Religare forecasts a 10-15 bps fall.
Asset quality of the bank is expected to remain stable quarter-on-quarter as analysts do not expect any major surprises.
Meanwhile, fee income growth Y-o-Y may moderate; hence percentage growth on PAT may decrease. Kotak Securities expects a 10 percent growth in non interest income due to slowdown in economy during October-December quarter.
In the previous quarter (September ended), the bank saw core fee income growing strongly at 32 percent Y-o-Y driven by trade, forex and investment banking.
IndusInd Bank stock on Thursday closed at Rs 416.80, down 1.16 percent ahead of earnings.
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