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IndusInd Bank moves up after posting good Q2 results

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gained 1% to Rs 1,734.50 at 14:00 on after net profit rose 24.96% to Rs 880.10 crore on 21.08% rise in total to Rs 5395.52 crore in Q2 September 2017 over Q2 September 2016.

The result was announced during market hours today, 12 October 2017.

Meanwhile, the S&P Sensex was up 149.90 points or 0.47% at 31,983.89.

On the BSE, 67,214 shares were traded on the counter so far as against the average daily volumes of 82,689 shares in the past one quarter. The stock had hit a high of Rs 1,741.80 and a low of Rs 1,700 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 1,037.85 on 24 November 2016.

The stock had underperformed the market over the past one month till 11 October 2017, falling 4.09% compared with the Sensex's 0.15% fall. The stock had, however, outperformed the market over the past one quarter, gaining 10.14% as against the Sensex's 0.27% rise. The scrip had also outperformed the market over the past one year, advancing 40.59% as against the Sensex's 13.36% rise.

The large-cap has equity capital of Rs 598.87 crore. Face value per share is Rs 10.

The bank's gross non-performing assets (NPAs) rose to Rs 1345.28 crore as on 30 September 2017 as against Rs 1271.68 crore as on 30 June 2017 and Rs 899.01 crore as on 30 September 2016.

The ratio of gross NPAs to gross advances stood at 1.08% as on 30 September 2017 as against 1.09% as on 30 June 2017 and 0.9% as on 30 September 2016.

The ratio of net NPAs to net advances stood at 0.44% as on 30 September 2017 as against 0.44% as on 30 June 2017 and 0.37% as on 30 September 2016.

The bank's provisions and contingencies rose 37.34% to Rs 293.75 crore in Q2 September 2017 over Q2 September 2016.

is one of the leading private sector banks 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 12 2017. 14:11 IST
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