IndusInd Bank Q1 net up 42% at Rs 335 crore
New Delhi: IndusInd Bank on Wednesday reported nearly 42 percent rise in net profit at Rs 334.84 crore for the first quarter ended June 30.
The private sector lender had posted net profit of Rs 236.26 crore during the same period (April-June) in the last fiscal, it said in a filing to the BSE.
Total income of the bank also rose to Rs 2,382.81 crore during the April-June period of 2013-14, from Rs 1,950.82 crore in the year-ago period.
Gross non-performing assets (NPAs) or the bad loans of the bank in the first quarter rose to 1.06 percent from 0.97 percent a year earlier.
However, net NPAs of the bank came down to 0.21 percent during the quarter under review from 0.27 percent year ago.
Shares of the bank were trading at Rs 491.85 apiece on the BSE in late afternoon trade, down 2.02 percent from their previous close.