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IndusInd Bank Q2 profit rises 25 pc to Rs 880 cr

Press Trust of India  |  New Delhi 

Private sector lender IndusInd today posted 25 per cent increase in net profit to Rs 880.10 crore for the second quarter ended September 30.

The had a net profit of Rs 704.26 crore in the July-September quarter of the last fiscal, said in a regulatory filing on stock exchanges.

The total of the lender also increased to Rs 5,395.92 crore during the quarter under review, as against Rs 4,439.72 crore in the corresponding period of 2016-17.

The gross non-performing assets (NPAs) of the bank rose to 1.08 per cent of the total advances, from 0.90 per cent at the end of the second quarter of the previous fiscal.

Similarly, net NPAs rose to 0.44 per cent from 0.37 per cent in same quarter a year ago.

Consequently, the bank made higher provisioning of Rs 294 crore as compared to Rs 214 crore in the year-ago quarter.

For the first half ended September, the bank's net profit rose 25.7 per cent to Rs 1,716.65 crore against Rs 1,365.64 crore in the year-ago period.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 12 2017. 14:22 IST