IndusInd Bank net profit surges 249% in fourth quarter

IndusInd Bank has announced its audited results for the fourth quarter and year ended March 31, 2009.

The bank has posted a net profit of Rs 50.52 crore in the fourth quarter against a net profit Rs 14.45 crore in the corresponding previous quarter, a jump of 249%. The total income stood at Rs 783.12 crore against Rs 591.04 crore, registering a growth of around 32.50% on YoY basis.

The bank’s net profit for the entire fiscal stood at Rs 148.34 crore against Rs 75.05 crore in the previous fiscal, a jump of around 97.65%. The total income stood at Rs 2,765.72 crore against Rs 2,178.24 crore, registering a growth of 27% on YoY basis.

The board of the bank has recommended the dividend of 12% i.e. Rs 1.20 per equity share of Rs 10 each.