Axis Bank Q1 net profit jumps 22%

Company had a net profit of Rs 942 cr in April-June,2011-12,Axis Bank said.

Written by Agencies | New Delhi | Published: July 17, 2012 5:19:33 pm

Private sector lender Axis Bank today reported 22 per cent growth in net profit to Rs 1,154 crore for the first quarter ended June 30,2012.

The company had a net profit of Rs 942 crore in April-June,2011-12,Axis Bank said in a statement.

Total income of the lender rose to Rs 7,818 crore in the quarter under review,from Rs 6,049 crore in the corresponding period of last fiscal.

The bank’s net interest income registered a growth of 26 per cent during the June quarter to Rs 2,180 crore. Net interest margin for the quarter was 3.37 per cent,compared to 3.28 per cent in Q1 of 2011-12.

Shares of Axis Bank closed at Rs 1,023.30,down 2.10 per cent over previous close on the BSE.

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