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IndusInd Bank reports 30% rise in Q1 consolidated net profit

18 Jul 2023 Evaluate

IndusInd Bank has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The Bank has reported 32.45% rise in its net profit at Rs 2123.62 crore for the quarter under review as compared to Rs 1603.29 crore for the same quarter in the previous year. Total income of the bank increased by 27.98% at Rs 12939.42 crore for Q1FY24 as compared Rs 10110.47 crore for the corresponding quarter previous year. 

On consolidated basis, the bank has reported 30.25% rise in its net profit at Rs 2124.50 crore for the quarter ended June 30, 2023 as compared to Rs 1631.14 crore for the same quarter in the previous year. Total income of the bank increased by 27.95% at Rs 12,939.47 crore for Q1FY24 as compared Rs 10113.29 crore for the corresponding quarter previous year.


Peers
Company Name CMP
HDFC Bank 718.80
ICICI Bank 1310.55
Axis Bank 1232.55
Kotak Mahindra Bank 421.40
Indusind Bank 888.90
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