IndusInd Bank declined 2.54% to Rs 913.80 at 15:20 IST on BSE after the bank announced that net profit rose 29.92% to Rs 581.02 crore on 22.05% rise in total income to Rs 3766.70 crore in Q3 December 2015 over Q3 December 2014.
The Q3 result was announced during market hours today, 12 January 2016.Meanwhile, the S&P BSE Sensex was down 155.85 points or 0.63% at 24,669.19.
High volumes were witnessed on the counter. On BSE, so far 2.79 lakh shares were traded in the counter as against average daily volume of 67,119 shares in the past one quarter. At the day's high of Rs 942, the stock rose 0.46%. At the day's low of Rs 906 hit so far during the day, the stock declined 3.37%. The stock had hit a record high of Rs 988.50 on 31 July 2015. The stock had hit a 52-week low of Rs 784.45 on 12 June 2015. The stock had outperformed the market over the past one month till 11 January 2016, rising 2.32% compared with 0.88% decline in the Sensex. The scrip had also outperformed the market in past one quarter, declining 0.15% as against Sensex's 8.33% decline.
The large-cap bank has equity capital of Rs 593.65 crore. Face value per share is Rs 10.
IndusInd Bank's provisions and contingencies rose 80.67% to Rs 177.08 crore in Q3 December 2015 over Q3 December 2014.
On absolute basis, IndusInd Bank's gross non-performing assets (NPAs) stood at Rs 681.13 crore as on 31 December 2015, compared with Rs 602.10 crore as on 30 September 2015 and Rs 672.66 crore as on 31 December 2014. The ratio of gross NPAs to gross advances stood at 0.82% as on 31 December 2015 as against 0.77% as on 30 September 2015 and 1.05% as on 31 December 2014. The ratio of net NPAs to net advances stood at 0.33% as on 31 December 2015 as against 0.31% as on 30 September 2015 and 0.32% as on 31 December 2014.
The bank's capital adequacy ratio (CAR) as per Basel III norms stood at 16.43% as on 31 December 2015, compared with 16.52% as on 30 September 2015 and 12.39% as on 31 December 2014.
IndusInd Bank is a leading private sector bank in India.
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