IndusInd Bank jumped 7.96% to Rs 453.20 at 15:16 IST on BSE after net profit rose 37.61% to Rs 307.40 crore on 23.55% increase in total income to Rs 2190.66 crore in Q4 March 2013 over Q4 March 2012.
The result was announced during trading hours today, 18 April 2013.
Meanwhile, the BSE Sensex was up 305.99 points, or 1.63%, to 19,037.15.
On BSE, 8.01 lakh shares were traded in the counter as against an average daily volume of 2.22 lakh shares in the past one quarter.
The stock hit a high of Rs 455.70 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 418 so far during the day. The stock had hit a 52-week low of Rs 288 on 4 June 2012.
The stock had outperformed the market over the past one month till 17 April 2013, falling 0.52% compared with the Sensex's 3.58% fall. The scrip had also outperformed the market in past one quarter, sliding 1.77% as against Sensex's 6.18% fall.
The large-cap private sector bank has an equity capital of Rs 522.68 crore. Face value per share is Rs 10.
IndusInd Bank's net profit rose 32.22% to Rs 1061.18 crore on 31% increase in total income to Rs 8346.19 crore in the year ended March 2013 over the year ended March 2012.
The bank's ratio of net non-performing assets to net advances stood at 0.31% as on 31 March 2013, compared with 0.30% as on 31 December 2012 and 0.27% as on 31 March 2012.
The bank's ratio of gross non-performing assets (NPA) to gross advances stood at 1.03% as on 31 March 2013, compared with 0.99% as on 31 December 2012 and 0.98% as on 31 March 2012.
Provisions and contingencies jumped 77.97% to Rs 81.85 crore in Q4 March 2013 over Q4 March 2012.
The bank's Capital Adequacy Ratio (CAR) as per Basel II norms stood at 15.36% as on 31 March 2013, compared with 15.01% as on 31 December 2012 and 13.85% as on 31 March 2012.
The bank said its board has recommended a dividend of Rs 3 per share. The dividend, if approved by the shareholders in the annual general meeting, shall be paid out by Monday, 1 July 2013.
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