Indusind Bank rises on reporting 22% rise in Q2 consolidated net profit
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IndusInd Bank is currently trading at Rs. 1445.70, up by 24.90 points or 1.75% from its previous closing of Rs. 1420.80 on the BSE.
The scrip opened at Rs. 1455.00 and has touched a high and low of Rs. 1456.20 and Rs. 1423.55 respectively. So far 108043 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1475.50 on 20-Sep-2023 and a 52 week low of Rs. 990.25 on 1-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1467.95 and Rs. 1416.00 respectively. The current market cap of the company is Rs. 110403.93 crore.
The promoters holding in the company stood at 16.49%, while Institutions and Non-Institutions held 68.92% and 14.58% respectively.
Indusind Bank has reported 22.09% rise in its net profit at Rs 2181.47 crore for the quarter ended September 30, 2023 as compared to Rs 1786.72 crore for the same quarter in the previous year. Total income of the Bank increased by 26.22% at Rs 13529.53 crore for Q2FY24 as compared Rs 10718.85 crore for the corresponding quarter previous year.
On consolidated basis, the Bank has reported 21.98% rise in its net profit at Rs 2202.16 crore for the second quarter ended September 30, 2023 as compared to Rs 1805.28 crore for the same quarter in the previous year. Total income of the Bank increased by 26.22% at Rs 13529.68 crore for Q2FY24 as compared Rs 10719.20 crore for the corresponding quarter previous year.
