IndusInd Financial institution on Wednesday posted 64.4 per cent year-on-year (YoY) surge in its standalone internet revenue at Rs 1,603 crore for the April-June quarter of 2022-2023. The personal lender had posted a internet revenue of Rs 975 crore within the year-ago interval.
Its internet curiosity earnings rose 15.8 per cent to Rs 4,125 crore as in opposition to Rs 3,563.7 crore in the identical interval final yr.
The financial institution’s curiosity earned within the quarter rose 8 per cent to Rs 8,182 crore as in opposition to Rs 7,575 crore in the identical quarter final fiscal
Its June-quarter provisions and contingencies fell to 1,251 crore in Q1FY23 as in opposition to Rs 1,779 crore in Q1FY22.
Moreover, the financial institution’s asset high quality in June quarter deteriorated as gross NPA got here at 2.35 per cent versus 2.27 per cent in earlier quarter. IndusInd Financial institution’s internet NPA additionally elevated to 0.67 per cent from 0.64 per cent in March quarter.
Shares of IndusInd Financial institution on Wednesday closed 1.15 per cent increased at Rs 878.45 apiece on BSE.