IndusInd Bank retracts from record high after announcing strong Q1 results

IndusInd Bank was up 0.03% to Rs 1,127.05 at 15:14 IST on BSE after net profit rose 25.96% to Rs 661.38 crore on 22.36% growth in total income to Rs 4264.66 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 11 July 2016.

Meanwhile, the S&P BSE Sensex was up 495.16 points or 1.83% at 27,622.06.

On BSE, so far 3.27 lakh shares were traded in the counter as against average daily volume of 77,432 shares in the past one quarter. The stock rose as much as 1.84% at the day's high of Rs 1,147.50 so far during the day, which is a record high for the counter. The stock lost as much as 1% at the day's low of Rs 1,115.50 so far during the day. The stock had hit a 52-week low of Rs 799 on 11 February 2016. The stock had outperformed the market over the past one month till 8 July 2016, gaining 1.17% compared with Sensex's 0.39% rise. The scrip had also outperformed the market in past one quarter, advancing 20.17% as against Sensex's 9.94% rise.

The large-cap bank has equity capital of Rs 595.87 crore. Face value per share is Rs 10.

IndusInd Bank's gross non-performing assets (NPA) stood at Rs 860.64 crore as on 30 June 2016 compared with Rs 776.82 crore as on 31 March 2016 and Rs 570.12 crore as on 30 June 2015. The ratio of gross NPA to gross advances stood at 0.91% as on 30 June 2016 compared with 0.87% as on 31 March 2016 and 0.79% as on 30 June 2015. The ratio of net NPA to net advances stood at 0.38% as on 30 June 2016 as against 0.36% as on 31 March 2016 and 0.31% as on 30 June 2015.

The bank's provisions and contingencies rose 86.87% to Rs 230.47 crore in Q1 June 2016 over Q1 June 2015.

IndusInd Bank is a leading private sector bank in India.

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