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Last Updated : Oct 11, 2019 10:40 AM IST | Source: Moneycontrol.com

IndusInd Bank slips 6% after decline in Q2 numbers

The net interest income grew by 2.3 percent quarter-on-quarter (32 percent sequentially) to Rs 2,909.5 crore in Q2.

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The share price of IndusInd Bank fell more than  6 percent intraday on October 10 after company posted 3.4 percent sequential decline in the September quarter profit.

The company's profit during the quarter declined to Rs 1,383.37 crore compared to Rs 1,432.5 crore reported in June quarter, but on year-on-year (YoY) basis it jumped 50 percent.

The net interest income, the difference between interest earned and interest expended, grew by 2.3 percent quarter-on-quarter (QoQ) (32 percent YoY) to Rs 2,909.5 crore in Q2.

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At 14:38 hrs, IndusInd Bank was quoting at Rs 1,261.55, down Rs 47.95 or 3.66 percent, on the BSE.

Note: The year-on-year profit jump of 69 percent mentioned earlier corrected to 50 percent.

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First Published on Oct 10, 2019 02:50 pm
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