Private sector lender IndusInd Bank today reported a net profit of Rs 118.55 crore for the first quarter ended June 30, a 37 per cent growth over the year-ago period.
The bank's total income rose to Rs 932.50 crore, during the April-June quarter, from Rs 801.58 crore in the same quarter a year ago, IndusInd Bank said in a filing to the Bombay Stock Exchange.
The bank's interest income during the quarter rose by 23 per cent to Rs 771.54 crore. The interest expenditure was also up by over three per cent to Rs 475.86 crore.
The banks' revenue from corporate banking rose by 28 per cent to Rs 323 crore, and the retail banking segment witnessed an increase of 22 per cent to Rs 511 crore.
Treasury income during the June quarter, however, declined 10 per cent to Rs 215 crore.
Hinduja Group promoted IndusInd Bank is the first financial institution to come out with June quarter earnings figure.
Shares of IndusInd Bank were trading at Rs 210.95, down 3.52 per cent over previous close on the BSE.
