Business Standard

Axis Bank Q4 net up 25% at Rs 1,277 cr

Total income rises 31% to Rs 7,648 cr

Related News

today reported a 25% jump in its net profit at Rs 1,277.27 crore for the fourth quarter of the 2011-12 fiscal.

It had a profit of Rs 1,020.11 crore in the January-March quarter of 2010-11, Axis Bank said in a statement.

During Q4, total income of the bank increased 31.47% to Rs 7,647.94 crore, from Rs 5,817.06 crore in the same quarter of the previous fiscal, the bank said.

The bank restructured loans worth Rs 588 crore during the quarter under review.

The lender's net interest income up 26.16% at Rs 2,146.09 crore.

The bank recommended a dividend of 160% amounting to Rs 16 per share for the year ended March 31, 2012.

Shares of the banks today settled at Rs 1,103, up 1.57% on the BSE ahead of the earnings announcement.

Read more on:   
|
|
|

Axis Bank Q4 net up 25% at Rs 1,277 cr

Total income rises 31% to Rs 7,648 cr

Axis Bank today reported a 25% jump in its net profit at Rs 1,277.27 crore for the fourth quarter of the 2011-12 fiscal.

today reported a 25% jump in its net profit at Rs 1,277.27 crore for the fourth quarter of the 2011-12 fiscal.

It had a profit of Rs 1,020.11 crore in the January-March quarter of 2010-11, Axis Bank said in a statement.

During Q4, total income of the bank increased 31.47% to Rs 7,647.94 crore, from Rs 5,817.06 crore in the same quarter of the previous fiscal, the bank said.

The bank restructured loans worth Rs 588 crore during the quarter under review.

The lender's net interest income up 26.16% at Rs 2,146.09 crore.

The bank recommended a dividend of 160% amounting to Rs 16 per share for the year ended March 31, 2012.

Shares of the banks today settled at Rs 1,103, up 1.57% on the BSE ahead of the earnings announcement.

image

Read More

Rupee falls on oil demand, weaker euro

The rupee fell to near a one-week low on Monday hit by heavy demand for dollars from oil importers and tracking a euro that was under pressure.

Recommended for you

Advertisements

Quick Links

More news from Finance Rss icon

Banks' credit down 2.91%

According to the RBI data, bank credit fell from Rs 68,30,965 cr at the end of April 3 to Rs 66,32,101 cr by the end of May 15

Expert panel suggests health insurance premium raise be linked to retail inflation

The expert panel has suggested the CPI+3 formula be a cap and an insurer should be allowed to increase up to this limit

Swiss Re looks for closer collaboration on health insurance with govt, regulator

With 58% healthcare spending out of pocket in India, economic costs of bad health to go up

Back to Top