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This is an archive article published on October 22, 2011

Axis Bank Q2 net up 25%

The bank had net profit of Rs 735.14 crore in corresponding quarter last fiscal.

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Private sector lender Axis Bank today recorded 25 per cent increase in net profit at Rs 920.32 crore for this fiscal’s second quarter ended September 30.

The bank had a net profit of Rs 735.14 crore in the corresponding quarter last fiscal,Axis Bank said in a filing to the Bombay Stock Exchange.

The total income of the lender also increased to Rs 6,510.89 crore during the July-September quarter,from Rs 4,657.49 crore over the same period last year. During the first half of 2011-12,the bank clocked 26 per cent rise in net profit to Rs 1,862.67 crore,compared to Rs 1,477.02 crore in the same period a year ago. The bank reported a total income of Rs 12,560.16 crore in the first six months,compared to Rs 8,983.86 crore in the previous financial year.

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