Private sector lender IndusInd Bank on Wednesday posted a marginal 5.2 per cent increase in net profit to Rs 985.03 crore for the third quarter ended December 31, 2018. The bank had recorded a net profit of Rs 936.25 crore in the October-December quarter of last fiscal.
Total income of the lender also increased to Rs 7,232.32 crore during the October-December 2018 as against Rs 5,473.54 crore over the corresponding period of the previous fiscal, IndusInd Bank said in a regulatory filing.
The gross non-performing assets (NPAs) declined to 1.13 per cent of the total advances during the third quarter of the current fiscal, against 1.16 per cent at the end of third quarter. However, net NP1As of the bank rose to 0.59 per cent in the quarter from 0.46 per cent of the total assets.
Bajaj Corp Q3 profit up 9 pc to Rs 60 cr
Bajaj Corp on Wednesday reported 8.93 per cent increase in standalone net profit at Rs 60.09 crore for the third quarter ended December 31, 2018. The company had posted a net profit of Rs 55.16 crore in the same period of 2017-18.
Total income during the reported quarter went up 11.48 per cent to Rs 236.94 crore as against Rs 212.53 crore in the year-ago period, Bajaj Corp said in a BSE filing.
The company, which sells cosmetics, toiletries and other personal care products, said its board of directors has recommended an interim dividend of Rs 14 per share of face value of Rs 1 each.