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IndusInd Bank slips despite reporting 24% rise in Q1 net profit

11 Jul 2018 Evaluate

IndusInd Bank is currently trading at Rs. 1920.00, down by 14.10 points or 0.73 % from its previous closing of Rs. 1934.10 on the BSE.

The scrip opened at Rs. 1945.00 and has touched a high and low of Rs. 1990.00 and Rs. 1916.30 respectively. So far 37702 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1995.00 on 27-Jun-2018 and a 52 week low of Rs. 1537.60 on 26-Jul-2017.

Last one week high and low of the scrip stood at Rs. 1994.00 and Rs. 1916.30 respectively. The current market cap of the Bank is Rs. 115433.92 crore.

The promoters holding in the Bank stood at 16.77%, while Institutions and Non-Institutions held 63.23% and 20.00% respectively.

IndusInd Bank has reported 23.81% rise in its net profit at Rs 1,035.72 crore for the quarter ended June 30, 2018 as compared to Rs 836.55 crore for the same quarter in the previous year. Total income of the Bank increased by 20.12% at Rs 6,369.75 crore for Q1FY19 as compared Rs 5,302.77 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 1.15%, as compared to 1.09% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.51% in Q1FY19.

Peers
Company Name CMP
HDFC Bank 715.95
ICICI Bank 1353.55
Axis Bank 1223.95
Kotak Mahindra Bank 413.75
Indusind Bank 958.50
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