IndusInd Bank jumps on reporting 46% rise in Q4 consolidated net profit
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IndusInd Bank is currently trading at Rs. 1119.90, up by 17.85 points or 1.62% from its previous closing of Rs. 1102.05 on the BSE.
The scrip opened at Rs. 1118.00 and has touched a high and low of Rs. 1127.00 and Rs. 1113.05 respectively. So far 127414 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1275.25 on 20-Sep-2022 and a 52 week low of Rs. 763.75 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1145.95 and Rs. 1092.10 respectively. The current market cap of the company is Rs. 86838.19 crore.
The promoters holding in the company stood at 16.50%, while Institutions and Non-Institutions held 69.06% and 14.45% respectively.
IndusInd Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023
IndusInd Bank has reported rise of 49.89% in its net profit at Rs 2,040.51 crore for the quarter under review as compared to Rs 1,361.37 crore for the same quarter in the previous year. Total income of the bank increased by 24.71% at Rs 12,171.22 crore for Q4FY23 as compared Rs 9,759.98 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported rise of 45.89% in its net profit at Rs 2,043.44 crore for fourth quarter ended March 31, 2023 as compared to Rs 1,400.64 crore for the same quarter in the previous year. Total income of the bank increased by 24.70% at Rs 12,174.31 crore for Q4FY23 as compared Rs 9,763.00 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported 60.26% rise in its net profit at Rs 7,389.72 crore as compared to Rs 4,611.12 crore for the previous year. Total income of the bank increased by 16.71% at Rs 44,534.28 crore for year under review as compared to Rs 38,156.64 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the bank has reported 54.91% rise in its net profit at Rs 7,443.49 crore as compared to Rs 4,805.03 crore for the previous year. Total income of the bank increased by 16.70% at Rs 44,540.69 crore for year under review as compared to Rs 38,167.22 crore for year ended March 31, 2022.
