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This is an archive article published on April 20, 2010

Axis Bank Q4 net up 31.54 per cent

Axis Bank said its net profit rose by 31.54 per cent to Rs 764.87 crore for the fourth quarter ended March 31,2010.

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Private sector lender Axis Bank said its net profit rose by 31.54 per cent to Rs 764.87 crore for the fourth quarter ended March 31,2010.

Total income stood at Rs 3,921.99 crore for the March quarter against Rs 3,884.73 crore for the same period previous fiscal,Axis Bank said in a filing to the Bombay Stock Exchange (BSE).

The bank posted a consolidated net profit of Rs 2,478.14 crore for the year ended March 31,2010 against Rs 1,812.93 crore last fiscal.

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Besides,the bank has earned an interest of Rs 2,988.45 crore for the fourth quarter ended March 31,compared to Rs 3,039.22 crore for the same period last fiscal.

The consolidated interest earned by the bank for the year ended March 31,stood at Rs 11,639.05 crore compared to Rs 10,829 crore previous fiscal.

The bank has recommended a dividend of Rs 12 per share for the year ended March,2010.

Shares of Axis Bank closed at Rs 1,186.50 on BSE,up 2.51 per cent from its previous close.

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