This bank reports a 46 per cent rise in Q4 consolidated net profit; board approves a dividend of Rs 14

As the season of financial results is on IndusInd Bank has reported results of Q423 today.

On a consolidated basis, the bank has reported a rise of 45.89 per cent in its net profit at Rs 2,043.44 crore for the fourth quarter that ended March 31, 2023, as compared to Rs 1,400.64 crore for the same quarter in the previous year. The total income of the bank increased by 24.70 per cent at Rs 12,174.31 crore for Q4FY23 as compared to Rs 9,763.00 crore for the corresponding quarter previous year. 

For the year ended March 31, 2023, on a consolidated basis, the bank has reported a 54.91 per cent rise in its net profit at Rs 7,443.49 crore as compared to Rs 4,805.03 crore for the previous year. The total income of the bank increased by 16.70 per cent at Rs 44,540.69 crore for the year under review as compared to Rs 38,167.22 crore for the year ended March 31, 2022. 

The Board of IndusInd Bank approved a dividend of Rs 14 per equity share on a face value of Rs 10. 

On April 21, 2023, the scrip closed at Rs 1115.90 at BSE and today opened at Rs 1138.80 and has touched a high and low of Rs 1140.90 and Rs 1092.10, respectively. It has closed around Rs 1102.05, So far 2,82,487 shares were traded on the counter. It has touched a 52-week high of Rs 1275.25 and a 52-week low of Rs 763.75.