Axis Bank Q2 FY11 Results : Profit soars 38%

by khalid on 19/10/2010 · 0 comments

Axis Bank has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit soars 38.28% to Rs 735.15 crore in comparison to the Rs 531.64 crore of Q2 (ending Sep 09) of previous year(FY10). Axis Bank Ltd is India’s third largest private sector bank.

The bank has informed the share market(BSE) that the total income increased 16.31% to Rs 4657.49 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 3925.94 crore. The stock had outperformed the market in past one quarter, gaining 16.53% as against 14.05% rise in the Sensex.

Share’s Data :-
BSE Code : 532215
Mkt. Cap: Rs 61,557.10 Crores
Axis Bank Ltd. share’s CMP is Rs 1,505.80 on 15th Oct 2010

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