IndusInd Bank rose 2.79% to Rs 961 after the bank reported 190.2% jump in net profit to Rs 875.95 crore in Q4 FY21 from Rs 301.84 crore in Q4 FY20.
Total income during the quarter increased by 0.4% year-on-year (YoY) to Rs 9199.48 crore. Operating profit before provisions and contingencies in the fourth quarter was at Rs 3061.53 crore, up by 7.9% from Rs 2836.17 crore reported in the same period last year.
Provisions and contingencies declined by 23.5% to Rs 1865.69 crore in Q4 FY21 over Q4 FY20.
On the asset quality side, gross non-performing assets (NPAs) stood at Rs 5,794.99 crore as on 31 March 2021 as against Rs 3,650.66 crore as on 31 December 2020 and Rs 5,146.74 crore as on 31 March 2021.