InvestorQ : What is your quick take on IndusInd Bank Mar-21 results?
Lavanya Subramanian made post

What is your quick take on IndusInd Bank Mar-21 results?

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Priyanka N answered.
1 day ago
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IndusInd standalone net profits were up 190% at Rs.876 crore on the back of fall in provisions. The NII was up 9.4% at Rs.3,535 crore, largely in line with estimates. Provisions were down 24% at Rs.1,866 crore. However, Gross NPAs increased to 2.67% and net NPAs to 0.69%.

Non-interest income was flat at Rs.1,780 crore and operating profit were up 8% at Rs.3,062 crore. Results were better than street estimates with NPAs giving a negative surprise
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