IndusInd Bank stock dips 2% post Q1 nos

The Bank’s Q1FY20 NII has improved by 34% yoy to Rs2,844cr against Rs2,122cr in the same quarter last year.

Jul 12, 2019 09:07 IST India Infoline News Service

IndusInd Bank
Shares of IndusInd Bank are trading lower by 2% after reporting a healthy set of Q1 numbers.

The Bank’s Q1FY20 NII has improved by 34% yoy to Rs2,844cr against Rs2,122cr in the same quarter last year. The net profit was in line with consensus estimates, indicating a rise of 38.3% yoy to Rs1,432cr against Rs1,036cr yoy.

GNPA for Q1FY20 came in at 2.15% against 2.1% qoq, an increase of 5 bps. NNPA for the quarter came at 1.23% as against 1.2% qoq, an increase of 3bps.

For the first time, this quarter, the numbers include Bharat Financial financials, hence, the numbers are not comparable.

IndusInd Bank Ltd is currently trading at Rs1,516.90 down by Rs23.95 or 1.55% from its previous closing of Rs1,540.85 on the BSE.
The scrip opened at Rs1,546 and has touched a high and low of Rs1,562 and Rs1,493.40 respectively. So far 96,65,034 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs92,934.66cr.

Related Story