Strong Q1 numbers generate interest in IndusInd Bank

IndusInd Bank rose 3.2% to Rs 923.30 at 14:43 IST on BSE after net profit rose 24.69% to Rs 525.04 crore on 19.97% growth in total income to Rs 3447.84 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 13 July 2015.

Meanwhile, the BSE Sensex was up 320.92 points or 1.16% at 27,982.32.

On BSE, so far 3.25 lakh shares were traded in the counter as against average daily volume of 1.21 lakh shares in the past one quarter.

The stock was volatile. The stock rose as much as 3.44% at the day's high of Rs 925.45 so far during the day. The stock rose 0.06% at the day's low of Rs 895.25 so far during the day. The stock had hit a record high of Rs 966.90 on 15 April 2015. The stock had hit a 52-week low of Rs 527.80 on 18 July 2014.

The stock had outperformed the market over the past one month till 10 July 2015, advancing 9.08% compared with Sensex's 3.06% rise. The scrip had, however, underperformed the market in past one quarter, sliding 5.37% as against Sensex's 4.22% fall.

The large-cap private sector bank has equity capital of Rs 582.47 crore. Face value per share is Rs 10.

IndusInd Bank's provisions and contingencies rose 11.71% to Rs 123.33 crore in Q1 June 2015 over Q1 June 2014.

The bank's ratio of gross non-performing assets (NPAs) to gross advances stood at 0.79% as on 30 June 2015 as against 0.81% as on 31 March 2015 and 1.11% as on 30 June 2014. The ratio of net NPAs to net advances stood at 0.31% as on 30 June 2015, same as 0.31% as on 31 March 2015 and 0.33% as on 30 June 2014.

The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.43% as on 30 June 2015 as against 12.09% as on 31 March 2015 and 13.11% as on 30 June 2014.

IndusInd Bank is one of the leading private sector banks in India.

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