Tuesday, July 10, 2018

Indusind Bank's result fails pop up the stock

Image result for indusind bank

Indusind Bank has posted a 24 per cent rise in its net profit at Rs 1035 Cr for the quarter ended June 2018. This was against a net profit of Rs 836 Cr in the corresponding period of previous year.

Total income during the quarter rose to Rs 6369 Cr up by 20 per cent as against Rs 5300 Cr  in the same quarter of last year.

Net interest income was Rs 212 Cr in June quarter, up from Rs 177 Cr earned in the same period a year ago.

Net interest margin fell to 3.92 per cent in June, from 3.97 in previous March quarter.

The stock reacted negatively to the results and closed at Rs 1936, down Rs 22 in today's trade. Results were announced during market hours.

No comments:

Post a Comment