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The IndusInd Bank stock price remained stable with a negative bias on Monday after posting stable earnings for the quarter ended June 2018.
The private lender announced a net profit of 1,035, 7 million rupees for the Net interest income, the difference between the interest earned and the interest expended, increased by 20 percent to Rs 2,122.4 crore.
Analysts said the quarterly figures were online. With the stability of badet quality
"We have maintained a positive position on the stock, the valuation premium will continue with stable quality of badets," said Siddharth Purohit of SMC Institutional Equities in an interview at CNBC-TV18. The lending activity of the bank is very strong and even the return on equity (ROE) remained strong. "We are not worried about evaluations."
Sharekhan's Lalitabh Shrivastawa said the performance of the IndusInd bank was steady in the private sector. "I believe that the overall trajectory of badet quality and loan growth, and 18% of ROE should not be difficult to maintain for the bank."
"IndusInd is among our best choices and quarterly figures are" On the badet quality front, the ratio of net non-performing badets (NPA) remained unchanged at 0.51% quarter on quarter in the first quarter, while the new NPAs were down to 1.15% vs. On the absolute front, net NPA in June quarter increased to Rs 762.3 crore against Rs 745.7 crore and gross NPAs rose to Rs 1,740.6 crore against Rs 1.705 crore on a sequential basis.
Provisions for bad debts remained at high levels, increasing Rs 350 crore during the quarter of Rs 310 crore in the same period last year and Rs 335.5 crore in the previous quarter.
At 13:30 IST hours, the stock price was at Rs 1,951.35, down Rs 3.25, or 0.17% on BSE.
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