IndusInd Bank gains after declaring Q3 result

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Capital Market
Last Updated : Jan 09 2019 | 3:50 PM IST

IndusInd Bank rose 1.55% to Rs 1,602 at 15:02 IST on BSE after net profit rose 5.21% to Rs 985.03 crore on 32.13% increase in total income to Rs 7232.32 crore in Q3 December 2018 over Q3 December 2017.

The result was announced during trading hours today, 9 January 2019.

Meanwhile, the S&P BSE Sensex was up 233.18 points, or 0.65% to 36,214.11

On the BSE, 2.55 lakh shares were traded in the counter so far compared with average daily volumes of 99,000 shares in the past two weeks. The stock had hit a high of Rs 1,606.80 and a low of Rs 1,549.30 so far during the day.

IndusInd Bank's ratio of gross NPAs to gross advances stood at 1.13% as on 31 December 2018 as against 1.09% as on 30 September 2018 and 1.16% as on 31 December 2017.

The ratio of net NPAs to net advances stood at 0.59% as on 31 December 2018 as against 0.48% as on 30 September 2018 and 0.46% as on 31 December 2017.

IndusInd bank is a leading private sector bank. As on 30 September 2018, IndusInd Bank has 1466 branches including 203 specialized branches, and 2372 ATMs spread across geographical locations of the country.

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First Published: Jan 09 2019 | 3:24 PM IST

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