Axis Bank reports 18.9% rise in Q2 net profit

Private sector lender Axis Bank on Tuesday reported a 18.9 per cent rise in its profit after tax (PAT) for the quarter ended September 30, 2015.  The lender posted a net profit of Rs 1,915.64 crore for the quarter ended September 30, 2015 compared to Rs 1,610.71 crore for the quarter ended September 30, 2014.

Total income rose to Rs 12,001.01 crore in the reporting quarter increased from Rs 10,549.97 crore for the quarter ended September 30, 2014.

The bank's net interest income grew 15.2 per cent to Rs 4,062 crore in Q2 against Rs 3,525 crore in the corresponding quarter of last fiscal.

The Axis Bank stock closed 0.03 per cent higher on BSE.