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IndusInd Bank drops as bad loans rise in Q3

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lost 1.92% to Rs 1,701.45 at 14:53 on after the reported rise in bad loans sequentially and annually in Q3 December 2017.

Meanwhile, the Sensex was up 35.41 points or 0.1% at 34,468.48

On the BSE, 1.40 lakh shares were traded on the counter so far as against the average daily volumes of 1.36 lakh shares in the past two weeks. The stock was volatile. The stock had hit a high of Rs 1,750 and a low of Rs 1,687 so far during the day.

The stock had hit a record high of Rs 1,818 on 12 September 2017. The stock had hit a 52-week low of Rs 1,143.55 on 10 January 2017.

The large-cap has equity capital of Rs 599.75 crore. Face value per share is Rs 10.

The bank's net profit rose 24.73% to Rs 936.25 crore on 16.06% increase in total income to Rs 5473.54 crore in Q3 December 2017 over Q3 December 2016. The Q3 December 2017 result was declared during market hours today, 11 January 2018.

The bank's gross non-performing assets (NPAs) rose to Rs 1498.70 crore as on 31 December 2017 from Rs 1345.28 crore as on 30 September 2017 and Rs 971.62 crore as on 31 December 2016.

The ratio of gross NPAs to gross advances rose to 1.16% as on 31 December 2017 from 1.08% as on 30 September 2017 and 0.94% as on 31 December 2016.

The ratio of net NPAs to net advances rose to 0.46% as on 31 December 2017 from 0.44% as on 30 September 2017 and 0.39% as on 31 December 2016.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 14:59 IST
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