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IndusInd Bank reports 62% fall in Q4 net profit

IndusInd Bank reports 62% fall in Q4 net profit

IndusInd Bank has reported results for the fourth quarter and year ended March 31, 2019.

The Bank has reported a fall of 62.22% in its net profit at Rs 360.10 crore for the quarter ended March 31, 2019, as compared to Rs 953.09 crore for the same quarter in the previous year. However, total income of the Bank increased by 28.88% at Rs 7,550.43 crore for the quarter under review as compared Rs 5,858.62 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the Bank has posted a fall of 8.46% in its net profit at Rs 3,301.10 crore as compared to Rs 3,605.99 crore for the same period in the previous year. However, total income of Bank increased 26.68% at Rs 27,907.87 crore for year under review as compared to Rs 22,030.85 crore for the period ended March 31, 2018.

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