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Indusind Bank’s Q4FY14 net profit jumps by 29%

16 Apr 2014 Evaluate

Indusind Bank has reported results for the quarter & year ended March 31, 2014

The bank’s net profit for the quarter ended March 31, 2014 jumped by 28.83% at Rs 396.05 crore for the quarter as compared to Rs 307.4 crore for the quarter ended March 31, 2013. Bank’s total income has increased by 23.35% at Rs 2,702.19 crore for the quarter under review as compared to Rs 2,190.66 crore for the corresponding quarter of the previous fiscal.

The bank’s net profit for the year ended March 31, 2014 rose by 32.70% at Rs 1,408.20 crore as compared to Rs 1,061.18 crore for the previous year ended March 31, 2013. Its total income has surged by 21.54% to Rs 10,144.06 crore for the year under review from Rs 8,346.19 crore for the previous year.

Peers
Company Name CMP
HDFC Bank 711.20
ICICI Bank 1313.90
Axis Bank 1225.90
Kotak Mahindra Bank 417.60
Indusind Bank 892.25
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