Axis Bank Q3 results: Net profit rises 61.9% to Rs 5,853 crore

Indian private lender Axis Bank Ltd on Monday reported a 61.9% rise in quarterly profit, as strong loan growth boosted interest income.
 

Net profit rose to 58.53 billion Indian rupees ($719.53 million) in the three months ended Dec. 31 from 36.14 billion rupees a year earlier, Mumbai-based Axis Bank said in an exchange filing.
 

Analysts on average had expected the bank to report a profit of 54.43 billion rupees, according to Refinitiv IBES data.