On Friday, IndusInd Bank said its consolidated net profit for June quarter rose 38.30 per cent to Rs 1,432 crore year-on-year compared with profit of Rs 1,035.72 crore in the year-ago period. Analysts were largely projecting numbers in Rs 1,000-1,250 crore range.
The profit included numbers of associate IndusInd Marketing and Financial Services and IndusInd Financial Inclusion (Erstwhile Bharat Financial Inclusion). However, the numbers of the quarter were not comparable with previous quarters. Bharat Financial income for the quarter stood at Rs 667 crore. Whereas, the merger with Bharat Financial resulted in an increase in profit of the bank by Rs 213.02 crore.
For the retail segment, consolidated revenue rose 17 per cent for the quarter to Rs 4,756.62 crore. Revenue from wholesale segment grew just 5.09 per cent YoY to Rs 2521.22 crore. Treasury segment revenue soared 17.22 per cent Year-on-Year to Rs 1,406.61 crore.