Guidance ledger · Q4 FY26

IndusInd Bank Ltd INDUSINDBK

3 revisions on record · 0 lowered · 2 raised — the strikethrough is what management used to say

mixed guidance posture · shifted across quarters

Holding view → · latest concall · The pulse

↔ widened Net NPA timeline commitment Q1 FY26 → Q4 FY26

~~50-60 basis points medium-term target where the Bank should operate~~ → no due date, will not happen in immediate next few quarters

“It's not going to happen like immediate next few quarters”

↑ raised MFI book direction FY26-27 Q1 FY26 → Q4 FY26

~~book maybe a little bit chance of declining rather than growing~~ → FY27 will be a year of calibrated growth rather than book contraction

“FY27 will be a year of calibrated growth rather than book contraction in micro loans”

↑ raised Loan growth posture Q1 FY26 → Q4 FY26

~~stabilization, watchful, no growth commitment under interim leadership~~ → explicit back into growth mode, will not be deeply disappointed at 11-12%

“we need to start getting back into growth mode”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.