Axis Bank first quarter net profit rises 22 per cent

Axis Bank has reported a 22.4 per cent rise in its net profit - at Rs 1,153.5 crore - during the quarter ended June 30, against Rs 942.35 crore in the same period last financial year.

The total income stood at Rs 7,818.4 crore, up 29 per cent during the quarter under review, compared to Rs 6,049.3 crore in the year-ago period, the company said in a regulatory filing.

However, net non-performing asset (NPA) increased to 0.31 per cent during the quarter from 0.25 per cent in the previous quarter. Gross NPA stood at 1.06 per cent as against 0.94 per cent sequentially.

At the Bombay Stock Exchange, shares of the company closed down 2.10 per cent at Rs 1,023.30.