IndusInd Bank Q3 net down 44%

IndusInd Bank has reported a 44% decline in net profit at Rs 42.85 crore for the third quarter ended December 31, 2004 as against Rs 77.09 crore in Q3FY04.

According to a release issued to the BSE today, total income increased to Rs 317.60 crore in the quarter ended December 31, 2004 as against Rs 259.41 crore in Q3FY04.

"The unaudited results for the quarter ended December 31, 2004 include results of operation of the erstwhile Ashok Leyland Finance (ALFL) for the said quarter, and accordingly are not comparable with those of the corresponding quarter of the previous year," the release added.