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Indusind Bank reports 99% rise in Q1 consolidated net profit

28 Jul 2021 Evaluate

Indusind Bank has reported results for first quarter ended June 30, 2021.

The bank has reported 2- fold jump in its net profit of Rs 974.95 crore for the quarter under review as against net profit of Rs 460.64 crore for the same quarter in the previous year. Total income of the bank increased 7.77% at Rs 9355.77 crore for Q1FY22 as compared Rs 8680.92 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 99.09% rise in its net profit of Rs 1016.11 crore for the quarter under review as against net profit of Rs 510.39 crore for the same quarter in the previous year. Total income of the bank increased by 7.84% at Rs 9362.76 crore for Q1FY22 as compared Rs 8682.17 crore for the corresponding quarter previous year.

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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