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Indusind Bank reports 26% rise in Q1 net profit

12 Jul 2016 Evaluate

Indusind Bank has reported results for first quarter ended June 30, 2016.

The bank has reported 25.97% rise in its net profit at Rs 661.38 crore for the quarter as compared to Rs 525.04 crore for the same quarter in the previous year. Total income of the bank has increased by 22.37% at Rs 4264.66 crore for quarter under review as compared to Rs 3485.11 crore for the quarter ended June 30, 2015.

The bank’s gross NPA for the April-June quarter of the current fiscal increased to 0.91%, as compared to 0.79% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.38% in Q1FY17.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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