IndusInd Bank rose 1.9 percent to Rs 1,207.10 on BSE after net profit rose 29.2 percent to Rs 750.6 crore on 22.9 percent growth in total income to Rs 4716.1 crore in Q3 December 2016 over Q3 December 2015.
The result was announced at the fag end of market hours yesterday, 10 January 2017. The stock had risen 0.19 percent to settle at Rs 1,161.85 yesterday, 10 January 2017.
Meanwhile, the S&P BSE Sensex was up 151.2 points or 0.6 percent at 27,050.7.
On the BSE, 83,668 shares were traded on the counter so far as against the average daily volumes of 77,876 shares in the past one quarter. The stock had hit a high of Rs 1,207.10 and a low of Rs 1,186.05 so far during the day. The stock had hit a record high of Rs 1,255.30 on 7 September 2016 and a 52-week low of Rs 799 on 11 February 2016.
The stock had outperformed the market over the past one month till 10 January 2017, gaining 4.49 percent compared with the Sensex's 0.57 percent gains. The scrip had, however, underperformed the market in past one quarter, falling 4.89 percent as against the Sensex's 4.21 percent fall.
The large-cap bank has equity capital of Rs 597.71 crore. Face value per share is Rs 10.
IndusInd Bank's gross non-performing assets (NPAs) rose to Rs 971.62 crore as on 31 December 2016 as against Rs 899.01 crore as on 30 September 2016 and Rs 681.13 crore as on 31 December 2015. The ratio of gross NPAs to gross advances increased to 0.94 percent as on 31 December 2016 as against 0.9 percent as on 30 September 2016 and 0.82 percent as on 31 December 2015.
The ratio of net NPAs to net advances stood at 1.88 percent as on 31 December 2016 as against 1.93 percent as on 30 September 2016 and 1.92 percent as on 31 December 2015. The bank's provisions and contingencies (excluding tax provisions) rose 22.45 percent to Rs 216.85 crore in Q3 December 2016 over Q3 December 2015.
IndusInd Bank is a leading private sector bank in India.
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