IndusInd Bank, the private sector lender, today reported a rise of 30.18% in second quarter profit. The bank reported a profit of Rs 5.60 billion for the quarter ended Sep. 30, 2015, compared with Rs 4.30 billion, a year ago.
Analysts, on average, expected the bank to report a profit of Rs 5.44 billion.
Quarterly total income stood at Rs 35.81 billion, an increase of 20.47% over Rs 29.73 billion in the same period a year ago.
Net NPAs stood at Rs 2.40 billion as on September 30, 2015. In percentage terms, net NPAs stood at 0.31% lower from 0.33% in the same period last year.
Capital adequacy ratio (CAR) of the bank under Basel III was at 16.52% as on Sept. 30, 2015.
Net Interest Income (NII) was Rs 10.94 billion as compared to Rs 8.33 billion in the corresponding quarter of the previous year, registering a growth of 31%
Non Interest Income for the quarter was Rs 7.83 billion as against Rs 5.93 billion in the corresponding quarter of the previous year, a growth of 32%
Net Interest Margin (NIM) for the current quarter was 3.88% as against 3.63% in the corresponding quarter of the previous year
Shares of IndusInd Bank gained Rs 0.20, or 0.02%, to trade at Rs 945.95. The total volume of shares traded was 144,633 at the BSE (2.27 p.m., Friday).