IndusInd Bank turns volatile after Q4 earnings

IndusInd Bank fell 0.17% to Rs 946.40 at 14:43 IST on BSE after the company announced its Q4 March 2015 results during trading hours today, 16 April 2015.

Meanwhile, the BSE Sensex was down 197.69 points, or 0.69%, to 28,602.

On BSE, so far 3.48 lakh shares were traded in the counter, compared with an average volume of 80,020 shares in the past one quarter.

Trading in the counter was volatile. The stock rose 1.35% at the day's high of Rs 960.80 so far during the day. The stock fell 1.49% at the day's low of Rs 933.90 so far during the day.

The stock hit a 52-week high of Rs 966.90 yesterday, 15 April 2015. The stock hit a 52-week low of Rs 472 on 5 May 2014.

The stock had outperformed the market over the past one month till 15 April 2015, rising 8.32% compared with 1.04% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.07% as against Sensex's 2.58% rise.

The large-cap company has an equity capital of Rs 529.53 crore. Face value per share is Rs 10.

IndusInd Bank's net profit rose 25.05% to Rs 495.27 crore on 19.81% increasein total income to Rs 3,237.43 crore in Q4 March 2015 over Q4 March 2014.

IndusInd Bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.31% as on 31 March 2015, compared with 0.32% as on 31 December 2014 and 0.33% as on 31 March 2014.

The bank's ratio of gross NPAs to gross advances stood at 0.81% as on 31 March 2015, compared with 1.05% as on 31 December 2014 and 1.12% as on 31 March 2014.

Provisions and contingencies fell 10.88% to Rs 107.44 crore in Q4 March 2015 over Q4 March 2014.

The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.09% as on 31 March 2015, compared with 12.39% as on 31 December 2014 and 13.83% as on 31 March 2014.

In terms of a Reserve Bank of India (RBI) circular dated 26 February 2014, in respect of assets sold to SC/RCs, during the quarter ended 31 March 2015, the shortfall arrived at by deducting sale consideration and provisions held as on the date of sale from the outstanding amount, is being amortized over two years. Accordingly, the bank has charged an amount of Rs 32.09 crore in Q4 March 2015.

IndusInd Bank's net profit rose 27.39% to Rs 1793.72 crore on 19.24% increase in total income to Rs 12095.84 crore in the year ended March 2015 over the year ended March 2014.

IndusInd Bank caters to the needs of both consumer and corporate customers. As on 31 December 2014, IndusInd Bank has 727 branches, and 1,350 ATMs spread across geographical locations of the country. The bank also has representative offices in London, Dubai and Abu Dhabi.

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