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AXIS Bank Q2 net profits up; shares rally

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AXIS Bank Q2 net profits up; shares rally
Axis Bank: Quotes, News
BSE 685.10BSE Quote12.6 (1.84%)
NSE 683.50NSE Quote10.8 (1.58%)
Axis Bank reported better then expected results for Q1 FY 2014 with net profit coming in at Rs
 

Rs 1362.31 crores for the quarter ended September 30, 2013 as compared to Rs 1123.54 crores for the quarter ended September 30, 2012.

Total income has increased from Rs 8280.29 crores for the quarter ended September 30, 2012 to Rs. 9375.08 crores, for the quarter ended September 30, 2013.

Gross non performing assets at the bank for Q2 2014 increased to 1.19% as against 1.1% in the previous quarter ending June, 2013.

Net non performing assets on the other hand rose marginally to 0.37% from 0.35%.

Axis Bank shares rose 0.37%, on the National Stock Exchange and were last trading at Rs 1080.55.

GoodReturns.in

Read more about: axis bank q2 2014
Story first published: Thursday, October 17, 2013, 13:39 [IST]
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