Private sector lender IndusInd Bank today reported an over three-fold rise in its net profit at Rs 50.52 crore for the fourth quarter ended March 31, 2009.
The bank had a net profit of Rs 14.45 crore for the quarter ended March 2008, IndusInd Bank said in a filing to the Bombay Stock Exchange.
Total income of the bank rose to Rs 783.12 crore for the quarter under review compared to Rs 591.04 crore in the same quarter corresponding fiscal.
For the year ended March 31, 2009, the company has posted a net profit of Rs 148.34 crore from Rs 75.05 crore last year, up 97.65 per cent.
The board of the company has proposed a dividend of Rs 1.20 a share on Rs 10 face value.
Shares of IndusInd Bank were trading at Rs 47.95, up 8.85 per cent on the BSE.