Private sector lender Axis Bank on Tuesday reported 22 percent 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 percent during the June quarter to Rs 2,180 crore. Net interest margin for the quarter was 3.37 percent, compared to 3.28 percent in Q1 of 2011-12.
Shares of Axis Bank closed at Rs 1,023.30, down 2.10 percent over previous close on the BSE.
PTI