| Axis Bank net jumps 22% at Rs 1,555 cr in Q4 | | | MUMBAI: Private sector lender Axis Bank posted a 22 per cent growth in net profit to Rs 1,555 crore in the January to March quarter as against a net profit of Rs 1,277 crore in the year-ago quarter.
Net interest income (NII is the difference between interest earned and expended) increased by 24 per cent during the quarter at Rs 2,665 crore as against Rs 2,146 crore.
For the full year ended, net profit grew by 22 per cent to Rs 5,179 crore from Rs 4,242 crore in FY12. In FY13, net interest income rose by 21 per cent to Rs 9,666 crore as against Rs 8,018 crore.
The bank recorded a net interest margin of 3.70 per cent in Q4, growing sequentially by 13 basis points over Q3.
The bank’s advances grew 16 per cent YoY to Rs 1.97 lakh crore as on 31st March 2013. Retail advances grew 44 per cent to Rs 53,960 crore.
The shares of Axis Bank ended 0.24 per cent higher at Rs 1,443.80 per share on the Bombay Stock Exchange on Tuesday. |
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