Shares of IndusInd Bank climbed nearly 4 per cent on Wednesday morning after the company reported a 30 per cent jump in its consolidated net profit in the April-June quarter.
IndusInd Bank's profit came in at Rs 2,123.62 against Rs 1,603.29 crore in the same quarter last year. The profit growth came in-line with Street expectations.
IndusInd Bank Q1 Results: The lender's gross non-performing asset (NPA) improved to 1.94 per cent in the first quarter, from 2.35 percent in the same quarter last year.
The net profit is in line with the CNBC TV-18 poll estimate of Rs 2,127 crore, and the net interest income, which came in at Rs 5,863 crore, has exceeded the estimate by 21 percent.