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The Economic Times
The Economic Times
Business
Akash Podishetti

IndusInd Bank Q1 Results: Profit soars 72% YoY to Rs 1,037 crore; NII flat

IndusInd Bank

Private lender IndusInd Bank on Wednesday reported 72% year-on-year (YoY) growth in its consolidated net profit at Rs 1,037 crore in the first quarter. The same stood at Rs 604 crore in the last year quarter. Net Interest Income (NII) in Q1 was flat at Rs 4,685 crore as compared to Rs 4,640 crore in the same quarter of last year.

Pre-provision operating profit stood at Rs 2,773 crore, against Rs 2,567 crore in the previous year quarter. Net interest margin improved to 3.57% from 3.46% in the corresponding quarter of the previous year.

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