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IndusInd Bank Q4 net up 37% at Rs 307 cr;declares 30% dividend

Total income of the bank rose to Rs 2,190.66 crore in the January-March quarter as compared to Rs 1,773.07 crore in the same period previous fiscal, IndusInd Bank said in a filing to the BSE.

twitter-logoPTI | April 18, 2013 | Updated 16:34 IST

IndusInd Bank on Thursday posted 37.6 per cent jump in net profit at Rs 307.40 crore for its fourth quarter ended March 31, 2013.

The bank had a net profit of Rs 223.38 crore in the same quarter of the previous fiscal, 2011-12.

Total income of the bank rose to Rs 2,190.66 crore in the January-March quarter as compared to Rs 1,773.07 crore in the same period previous fiscal, IndusInd Bank said in a filing to the BSE.

The bank has proposed a dividend of 30 per cent, or Rs 3, per share for 2012-2013.

For the entire fiscal, the bank's net profit grew by 32 per cent at Rs 1,061.18 crore, from Rs 802.61 crore in 2011-12.

Total income increased to Rs 8,346.19 crore during the year, compared to Rs 6,370.98 crore in the previous fiscal.

However, Gross Non-Performing Assets (NPA) of the bank rose to 1.03 per cent at the end of March 2013 compared to 0.98 per cent in the previous fiscal.

The bank's scrip was trading at Rs 444.55, up 5.90 per cent on the BSE.

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