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Mumbai: Private sector lender Axis Bank on Friday reported a 63.24 per cent surge in net profit at Rs 500.86 crore for the third quarter ended December 31, 2008.
The bank had a net profit of Rs 306.83 crore in the third quarter of the financial year ended March 31, 2008, Axis Bank said in a filing to the Bombay Stock Exchange.
The total income rose 62.43 per cent to Rs 3,716.94 crore in the December quarter, from Rs 2,290.24 crore in the same period previous fiscal.
During the quarter the bank's interest income stood at Rs 2,984.77 crore, a 66 per cent jump over the year-ago period. The bank had an interest income of Rs 1,802.34 crore in the December quarter of the 2008 fiscal.
Also Axis Bank's interest expenditure dipped 95 per cent to Rs 2,055.09 crore during the quarter under review.
Shares of Axis Bank were trading at Rs 491.65, down 5.84 per cent in the late afternoon trade on the BSE.
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