IndusInd Bank fell 4.83% to Rs 1251 after the bank announced its Q2 September 2019 results during trading hours today, 10 October 2019.
IndusInd Bank's net profit rose 50.32% to Rs 1383.37 crore on a 31.40% increase in total income to Rs 8877.02 crore in Q2 September 2019 over Q2 September 2018.
The bank's gross non-performing assets (NPAs) stood at Rs 4370.20 crore as on 30 September 2019 as against Rs 4199.66 crore as on 30 June 2019 and Rs 1781.36 crore as on 30 September 2018.
The ratio of gross NPAs to gross advances stood at 2.19% as on 30 September 2019 as against 2.15% as on 31 June 2019 and 1.09% as on 30 September 2018.
The ratio of net NPAs to net advances stood at 1.12% as on 30 September 2019 as against 1.23% as on 30 June 2019 and 0.48% as on 30 September 2018.
The bank's provisions and contingencies jumped 24.97% to Rs 737.71 crore in Q2 September 2019 over Q2 September 2018.
Meanwhile, the S&P BSE Sensex was down 338 points or 0.88% to 37,840.25.
On the BSE, 4.78 lakh shares were traded in the counter so far compared with average daily volumes of 3.83 lakh shares in the past two weeks. The stock hit a high of Rs 1320.5 and a low of Rs 1232 so far during the day.
The stock hit a 52-week high of Rs 1835 on 28 Mar 2019. The stock hit a 52-week low of Rs 1215.05 on 07 Oct 2019.
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