On Friday, April 29, IndusInd Bank reported its financial results for the fourth quarter ended on March 2022. The net profit surged 55.42% YoY to Rs 1,361.37 crore in Q4. In the same quarter the previous year, the private lender had recorded a net profit of Rs 875.95 crore.
Net interest income (NII) rose 12.75% to 3,935.16 crore in Q4FY22 from Rs 3,534.61 crore in the same quarter the previous year. NII also represented an increase of 5.05% on a QoQ basis. The provisions & contingencies were at Rs Rs 1,463.52 crore in Q4, in Q4 of 2021 it was at Rs 1,865.69 crore.
The bank posted a gross NPA of 2.27% & a net NPA of 0.64% in Q4. In Q4FY21 the gross NPA was at 2.67% & the net NPA at 0.69%. IndusInd Bank board approved a dividend of Rs 8.5/ share for FY22-21. Today, IndusInd Bank shares closed 0.94% at Rs 978.20/piece on the Bombay Stock Exchange (BSE).