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FINWIRES

IndusInd Bank Turns to Profit in Fiscal Q4

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IndusInd Bank (NSE:INDUSINDBK, BOM:532187) turned to a net profit of 5.94 billion Indian rupees in the fiscal fourth quarter ended March 31, compared with a net loss of 23.3 billion rupees in the same period last year, according to a Friday filing on the Indian bourses.

Earnings per share stood at 7.62 rupees, compared with a loss per share of 29.89 rupees in the prior-year quarter.

Interest earned increased year on year to 110.1 billion rupees from 106.3 billion rupees a year earlier.

The company also declared a final dividend of 1.50 rupees for the financial year ended March 31.

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