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This is an archive article published on October 18, 2011

IndusInd Bank Q2 net up 45%

The bank reported total income of more than Rs 2,943 cr in first six months.

Private sector lender IndusInd Bank today posted 45.1 per cent increase in net profit at Rs 193.09 crore for this fiscal’s second quarter ended September 30.

The bank had recorded a net profit of Rs 133.15 crore in the corresponding quarter last fiscal,IndusInd Bank said in a filing to the Bombay Stock Exchange.

The total income of the lender also increased to Rs 1,563.07 crore during the quarter from Rs 1,029.20 crore over the corresponding period last year. During the first half of 2011-12,the bank clocked 48 per cent rise in net profit to Rs 373.27 crore,compared to Rs 251.70 crore in the same period a year ago.

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The bank reported a total income of Rs 2,943.05 crore in the first six months,compared to Rs 1,961.69 crore in the previous financial year.

The shares of IndusInd Bank were down 0.24 per cent at Rs 269.25,from the previous close on the BSE,which has been in the red throughout the day.

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