IndusInd Bank's net profit rises 33% to Rs 1,309 crore for Dec quarter

IndusInd Bank’s net profit rose 33 per cent to Rs 1,309 crore for the quarter ended December 2019, on improvement in interest margins and robust fee income. The figure was Rs 985 crore in the same quarter a year before.

The share price fell on Tuesday by 3.9 per cent on the BSE, to close at Rs 1,481.1.

Romesh Sobti, managing director, said there was healthy growth in revenue and operating profit. Net interest income rose 34 per cent to Rs 3,074 crore and net interest margin to 4.15 per cent, from 3.83 per cent in October-December 2018.

Non-interest income (fees, commissions) rose