IndusInd Bank posted a sharp 72% YoY profit drop to ₹604 crore in Q1, hit by rising funding costs and weaker core income. NIM shrank to 3.46%, while gross NPAs rose to 3.64%. Analysts flagged muted loan growth and margin pressure as key risks. A breakout above ₹840 is needed to reverse the downtrend, said Financial Sarthis.