IndusInd Bank posts 25% YoY surge in Q2 profit

Private sector lender IndusInd Bank on Thursday reported a 24.96 per cent YoY surge in net profit at Rs 880.10 crore for the September quarter, which was in line with Rs 890 crore estimated by analysts in an ET Now poll.

The lender had reported a net profit of Rs 704.26 crore in the corresponding quarter last year.

Interest earned for the quarter rose 20.73 per cent YoY to Rs 4,208.35 crore from Rs 3,485.73 crore in the same quarter last year.

Gross non-performing assets (NPAs) for the quarter remained unchanged at 1.08 per cent, compared with June quarter and 0.90 per cent in the year-ago quarter. Net NPA for the quarter stood at 0.44 per cent, same as it was in previous quarter.