Wednesday, 18 July 2012

News Hour- Axis Bank net profit up 22% at Rs 1153 crore

MUMBAI: Axis Bank's net profit for the quarter ended June 2012 grew to Rs 1153 crore, up 22 per cent, against a net profit of Rs 942.4 crore Year-on-Year (YoY). The net profit was in line with an ET Now poll of Rs 1140.3 crore.

Net interest income for Q1FY13 rose to Rs 2,180 crore, up 26.5 per cent, against Rs 1,724 crore YoY.

Gross NPAs for Q1FY13 remained unchanged at 1.06 percent while Net NPAs for June quarter was at 0.31 percent.

The bank's capital adequacy ratio was at 13.03 percent as of June 30. Provisions for the June quarter were at Rs 260 crore.

At 01:50 p.m., the stock was at Rs 1,032.05, down 1.4 per cent on the BSE. It touched a high of Rs 1,061.50 and a low of Rs 1,021 in trade today.

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