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IndusInd Bank reports 27% rise in Q4 net profit

19 Apr 2018 Evaluate

IndusInd Bank has reported results for the fourth quarter and year ended March 31, 2018.

The Bank has reported a rise of 26.81% in its net profit at Rs 953.09 crore for the quarter ended March 31, 2018, as compared to Rs 751.61 crore for the same quarter in the previous year. Total income of the Bank increased by 16.21% at Rs 5,858.62 crore for the quarter under review as compared Rs 5,041.31 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the Bank has posted a rise of 25.74% in its net profit at Rs 3,605.99 crore as compared to Rs 2,867.89 crore for the same period in the previous year. Total income of Bank increased 18.59% at Rs 22,030.85 crore for year under review as compared to Rs 18,577.16 crore for the period ended March 31, 2017.

Peers
Company Name CMP
HDFC Bank 717.35
ICICI Bank 1353.40
Axis Bank 1222.85
Kotak Mahindra Bank 414.00
Indusind Bank 957.70
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