IndusInd Bank dips 6% on profit booking post September quarter results

The bank reported a healthy 57 per cent YoY growth in July-September standalone net profit to Rs 1,805 crore driven by a healthy rise in loan disbursement and net interest income.

Shares of IndusInd Bank dipped 6 per cent to Rs 1,150 on the BSE in Thursday’s intra-day trade on profit booking after the bank reported a healthy 57 per cent year-on-year (YoY) growth in July-September (Q2FY23) standalone net profit to Rs 1,805 crore driven by a healthy rise in loan disbursement and net interest income. On a sequential basis, the private sector bank’s net profit registered an 11 per cent increase from Rs 1,631 crore in the April-June (Q1FY22).

At 09:23 AM, IndusInd Bank traded 3.5 per cent lower at Rs 1,175, as compared to 0.36 per cent decline