IndusInd Bank was down 0.85% to Rs 1,419.55 at 15:03 IST on BSE after net profit rose 21.16% to Rs 751.61 crore on 22.36% increase in total income to Rs 5041.31 crore in Q4 March 2017 over Q4 March 2016.The result was announced during trading hours today, 19 April 2017.
Meanwhile, the S&P BSE Sensex was down 30.44 points, or 0.10% to 29,288.66.
On the BSE, 3.31 lakh shares were traded in the counter so far, compared with average daily volumes of 1.40 lakh shares in the past one quarter.
Trading in the counter turned volatile after result announcement. The stock rose 0.79% at the day's high of Rs 1,443 in intraday trade. The stock fell 1.23% at the day's high of Rs 1414.10 in intraday trade. The stock hit a record high of Rs 1,444.55 on 13 April 2017. The stock hit a 52-week low of Rs 965.65 on 21 April 2016.
The stock had outperformed the market over the past one month till 18 April 2017, rising 3.63% compared with 0.68% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.64% as against Sensex's 7.56% rise.
The large-cap private sector bank has equity capital of Rs 598.20 crore. Face value per share is Rs 10.
IndusInd Bank's net profit rose 25.43% to Rs 2867.89 crore on 22.47% increase in total income to Rs 18577.16 crore in the year ended March 2017 over the year ended March 2016.
The bank's gross non-performing assets (NPAs) stood at Rs 1054.87 crore as on 31 March 2017 as against Rs 971.62 crore as on 30 December 2016 and Rs 776.82 crore as on 31 March 2016.
The ratio of gross NPAs to gross advances stood at 0.93% as on 31 March 2017 as against 0.94% as on 31 December 2016 and 0.87% as on 31 March 2016.
The ratio of net NPAs to net advances stood at 0.39% as on 31 March 2017 as against 0.39% as on 31 December 2016 and 0.36% as on 31 March 2016.
The bank's provisions and contingencies (excluding tax provisions) rose 101.32% to Rs 430.13 crore in Q4 March 2017 over Q4 March 2016.
Induslnd Bank caters to the needs of both consumer and corporate customers. As on 31 March 2017, Induslnd Bank has 1200 branches, and 2036 ATMs spread across 683 geographical locations of the country.
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