IndusInd Bank has posted a phenomenal increase in net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit zooms 75.33% to Rs 171.76 crore in comparison to the Rs 97.96 crore of Q4 (ending Mar 2010) of previous year(FY10). IndusInd Bank is a Mumbai based Indian new generation bank, established in 1994.
The company informed the share market (BSE/NSE) that the total income increased 44.32% to Rs 1230.47 crore in quarter ended Apr 2011 when compared with the last years same quarter ended Apr 2010 which was Rs 852.57 crore.
The bank has posted a jump of 64.8% in net profit to Rs 577.32 crore for the year ended 31st Mar 2011 as compared to Rs 350.31 crore for the year ended 31st Mar 2010. Total income has increased by 31.97% to Rs 4303.02 crore for the year ended 31st Mar 2011 from Rs 3260.47 crore for the year ended 31st Mar 2010.
Share’s Data :-
BSE Code : 532187
Mkt. Cap: Rs 12,822.81 Crores
Indusind Bank Ltd. share’s CMP is Rs 275.70 on 19th Apr 2011.
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