IndusInd Bank shares gain 3% on rise in Q1 net profit

Shares of IndusInd Bank today rose by over 3 per cent after the company posted a 25 per cent rise in June quarter net profit.
The stock gained 3.27 per cent to settle at Rs 923.90 on the BSE. In intra-day, it rose by 3.72 per cent to Rs 928.
On the NSE, shares of the company went up by 3.24 per cent to close at Rs 923.95.
On the volume front, 3.90 lakh shares of the company changed hands at the BSE and over 34 lakh shares were traded at the NSE during the day.
Private sector IndusInd Bank today posted a 25 per cent rise in June quarter net profit at Rs 525 crore driven by increase in interest and fee income.

The mid-sized lender had posted a post-tax net profit of Rs 421 crore in the year ago period.
Net interest income was up 22 per cent to Rs 980.66 crore, while the other income rose 26 per cent to Rs 724.34 crore during in the first quarter ended June 30.
The gross non-performing assets improved to 0.79 per cent of total advances from 0.81 per cent in March quarter.