IndusInd Bank posts 193 pc jump in Q4 net profit at Rs 926 cr
Net interest income (NII) rose by 9 per cent year-on-year to Rs 3,535 crore in Q4 of FY21.
Net interest income (NII) rose by 9 per cent year-on-year to Rs 3,535 crore in Q4 of FY21.
The consolidated net profit for the year ended March 2021 was Rs 31,833 crore, up 16.8 per cent over the previous fiscal year.
Company’s revenue from operations rose by 3.4 per cent to Rs 16,245.4 crore in the reported quarter, from Rs 15,711 crore in the same period last fiscal.
The Supreme Court is set to heart the AGR matter in the third week of July, in which the troubled telco seeks to pay its dies over a patriot of 20 years.
At the time of reporting, the stock declined 3.39per cent at Rs 2304,85 on the BSE and on the NSE it dipped 3.57 per cent to Rs 2,302.10.
The board has proposed a dividend of Rs 21 per share of the face value of Rs 2 per unit, HDFC Ltd said in a regulatory filing.
The company's stock gained 6.02 per cent to Rs 28.15 on BSE during intraday trade. It rallied 6.40 per cent to Rs 28.25 on NSE.
Total income during the quarter under review increased to Rs 23,443.66 crore, from Rs 20,913.82 crore.
IT firms like Wipro and Infosys have also suspended their practice of offering revenue growth forecast, while Cognizant had retracted its annual outlook for 2020.
For FY20, net profit grew 8 per cent YoY to Rs 9,720 crore and gross revenue up 4.2 per cent to Rs 61,020 crore.
