Axis Bank, country's third largest private sector lender, posted 24% increase in net profit at Rs 1,102 crore for the third quarter ended December, 2011.
Net profit in the corresponding quarter a year ago stood at Rs 891 crore, according to a release filed with the Bombay Stock Exchange (BSE).
Net interest income (NII) was at Rs 2,140 crore.
Net interest margins (NIMs) grew by 3.75% from 3.81% y-o-y. Provision coverage ratio was at 87.68%.
The MFI exposure was at Rs 300 crore.
According to the release, total income rose 45% to Rs 7,206.77 crore for the quarter under review from Rs 4,986 crore for the same quarter last year.
During the first nine months of 2011-12, the bank clocked a 25% rise in net profit to Rs 2,965 crore from Rs 2,368 crore in the same period a year ago.
At 1453 hours, the shares of the bank were trading at 3.31% at Rs 983.35 per share on the BSE.
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