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Indusind Bank reports 26% rise in Q1 net profit

09 Jul 2014 Evaluate

Indusind Bank has reported results for first quarter ended June 30, 2014.

The bank’s net profit for the quarter jumped by 25.75% at Rs 421.06 crore for the quarter as compared to Rs 334.84 crore for the quarter ended June 30, 2013. Bank’s total income has increased by 20.60% at Rs 2873.68 crore for the quarter under review as compared to Rs 2382.81 crore for the corresponding quarter of the previous fiscal.

The bank’s gross NPA for the April-June quarter of the current fiscal stood at 1.11%, as compared to 1.06% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.33% in Q1FY15 as compared to 0.21% in the same quarter of the previous year.

Peers
Company Name CMP
HDFC Bank 705.05
ICICI Bank 1317.65
Axis Bank 1225.90
Kotak Mahindra Bank 415.60
Indusind Bank 883.00
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