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IndusInd Bank gains after reporting good Q2 results

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rose 1.29% to Rs 1,237.35 at 9:25 on after the bank's net profit rose 25.75% to Rs 704.26 crore on 23.97% increase in total income to Rs 4439.72 crore in Q2 September 2016 over Q2 September 2015.

The result was announced on Wednesday, 12 October 2016. The stock market was shut on Wednesday, 12 October 2016.

Meanwhile, the S&P Sensex was down 182.73 points or 0.65% at 27,899.61.

On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 64,992 shares in the past one quarter. The stock hit high of Rs 1,245 and low of Rs 1,227 so far during the day.

The large-cap bank has equity capital of Rs 596.70 crore. Face value per share is Rs 10.

IndusInd Bank's gross non-performing assets (NPAs) stood at Rs 899.01 crore as on 30 September 2016 as against Rs 860.64 crore as on 30 June 2016 and Rs 602.10 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 0.9% as on 30 September 2016 as against 0.91% as on 30 June 2016 and 0.77% as on 30 September 2015.

The ratio of net NPAs to net advances stood at 0.37% as on 30 September 2016 as against 0.38% as on 30 June 2016 and 0.31% as on 30 September 2015. The bank's provisions and contingencies (excluding tax provisions) rose 35.29% to Rs 213.88 crore in Q2 September 2016 over Q2 September 2015.

is a leading private sector bank in India.

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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, October 13 2016. 09:16 IST
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