Indusind Bank moves up on reporting 2-fold jump in Q4 consolidated net profit
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IndusInd Bank is currently trading at Rs. 936.00, up by 1.05 points or 0.11% from its previous closing of Rs. 934.95 on the BSE.
The scrip opened at Rs. 934.75 and has touched a high and low of Rs. 967.80 and Rs. 916.00 respectively. So far 312316 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1119.20 on 25-Feb-2021 and a 52 week low of Rs. 330.00 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 967.80 and Rs. 851.85 respectively. The current market cap of the company is Rs. 72495.92 crore.
The promoters holding in the company stood at 16.55%, while Institutions and Non-Institutions held 69.02% and 14.43% respectively.
Indusind Bank has reported results for fourth quarter and year ended March 31, 2021.
The bank has reported above 2-fold jump in its net profit at Rs 875.95 crore for the quarter under review as compared to Rs 301.84 crore for the same quarter in the previous year. Total income of the bank increased by 0.45% at Rs 9199.48 crore for Q4FY21 as compared Rs 9158.57 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported above 2-fold jump in its net profit at Rs 926.22 crore for the quarter under review as compared to Rs 315.25 crore for the same quarter in the previous year. Total income of the bank increased by 0.45% at Rs 9199.71 crore for Q4FY21 as compared Rs 9158.80 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the bank has reported 35.80% fall in its net profit at Rs 2836.39 crore as compared to Rs 4417.91 crore for the previous year. Total income of the bank decreased by 0.49% at Rs 35558.41 crore for year under review as compared to Rs 35734.14 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the bank has reported a fall of 34.28% in its net profit at Rs 2930.10 crore as compared to Rs 4458.18 crore for the previous year. Total income of the bank decreased by 0.66% at Rs 35500.68 crore for year under review as compared to Rs 35735.50 crore for year ended March 31, 2020.
