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IndusInd Bank reports 52% rise in profits for FY2000 - Views on News from Equitymaster
 
 
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  • May 4, 2000

    IndusInd Bank reports 52% rise in profits for FY2000

    IndusInd bank has reported 52% rise in net profits to Rs 561 m for FY2000 over the previous year.

    Interest earned by the bank increased by 7% and operating margins improved to 21% due to less than proportionate rise in the interest expenses.

    At current market price of Rs 24.5, Indusind Bank is available at Price/Book value of 0.7 times which is among the lowest in the private sector banks.

    (Rs m) FY1999 FY2000 Change
    Interest Earned 5,936 6,374 7.4%
    Other Income 829 1,448 74.8%
    Interest Expended 4,788 5,011 4.7%
    Operating Profit (EBDIT) 1,147 1,363 18.8%
    Operating Profit Margin (%) 19.3% 21.4%  
    Other Expenses 662 685 3.6%
    Depreciation 210 217 3.5%
    Profit before Tax 1,105 1,909 72.8%
    Other Adjustments 636 1,286 102.3%
    Tax 101 62  
    Profit after Tax/(Loss) 368 561 52.4%
    Net profit margin (%) 6.2% 8.8%  
    Earnings per share 2.32 3.52  

     

     

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