IndusInd Bank Q2 profit up 30% at Rs 430 cr

Private sector lender IndusInd Bank today said its standalone net profit in the second quarter ended September, 2014-15, rose by 30.3% to Rs 430.20 crore.

The bank had reported Rs 330.23 crore profit for Q2, 2013-14.

"Total income has increased from Rs 2,435.3 crore for the quarter ended September 30, 2013 to Rs 2,937.03 crore for the quarter ended September 30, 2014," the bank said in a filing to the BSE.

The provisions and contingencies reduced to Rs 73.20 crore in Q2, over provisioning of Rs 88.86 crore a year ago.

The net non-performing assets (NPAs) or the bad loans of the bank rose to 0.33% in the second quarter of the current fiscal, over 0.22% a year ago.

However, the gross NPAs declined to 1.08% in Q2, over 1.11% a year ago.

IndusInd Bank scrip was trading 2.41% higher at Rs 638.30 in the afternoon on the BSE.