Indusind Bank posts dazzling Q2FY17 numbers

Indusind Bank has declared its Q2FY17 results on Wednesday, October 12. The bank’s total income has increased by 23.97 per cent to Rs 4440 crore in Q2FY17 as compared to same period in previous financial year. Its operating profit too has risen by 1282 crore in Q2FY17 on a yearly basis. Indusind Bank’s net profit also has increased by 25.75 per cent to Rs 704 crore in Q2FY17 as compared to same period in previous fiscal.

On the segmental revenue front, Indusind Bank has earned 16.65 per cent from treasury operations, 33.16 per cent from corporate or wholesale banking, 49.98 per cent from retail banking and 0.2 per cent from other banking during Q2FY17.

On the asset quality front, Indusind Bank’s gross NPA stands at 0.9 per cent amounting to Rs 899 crore in Q2FY17 against 0.91 per cent to Rs 861 crore in Q1FY17. The bank’s net NPA stands at 0.37 per cent to Rs 369 crore in Q2FY17 against 0.38 per cent amounting to Rs 356 crore in Q1FY17.

On the half yearly front, Indusind Bank’s total income has increased by 23.18 per cent to Rs 8704 crore in H1FY17 as compared to same period in previous fiscal. The bank’s operating profit too rose by 30.38 per cent to Rs 2155 crore in H1FY17 on a yearly basis. Its net profit also has risen by 25.86 per cent to Rs 1366 crore in H1FY17 as compared to same period in previous financial year.

On October 10, the share price of Indusind Bank increased by just 0.01 per cent on bourses and closed at Rs 1221.55.