IndusInd Bank shares jump 2 per cent after robust Q4 earnings

Posted on by

IndusInd Bank shares On Tuesday, it jumped nearly 2 per cent in late morning trading after the company reported a 46 per cent jump in net profit for the March quarter at Rs 2,043 crore.

The stock rose 1.90 per cent to ₹ 1,123 per piece on BSE.

Scribe also saw the same move on NSE, gaining 1.86 percent to Rs 1,122.50.

In the late morning session, BSE Sensex, which includes 30 shares, was trading up 114.93 points, or 0.19 percent, at 60,171.03 points.

And on Monday, private sector bank Indusind reported a 46 percent jump in its value net profit for the March quarter at ₹2,043 crore on lower provisions and stronger basic income.

Underlying net interest income rose 17 per cent to Rs.4,669 crore with a 21 per cent growth for the loan and an expansion of 0.08 per cent in net interest margin to 4.28 per cent, Hindugas Bank said in a regulatory filing.

It added that its other income came in at $2,154 crore, up 13% over the same period last year.