In comparison to a deficit of Rs 5,728 crore during the same time last year, Axis Bank posted a net profit of Rs 7,129 crore. Net interest income increased to Rs 13,089 crore, an 11% increase.
Axis Bank led the Nifty gainers this morning, rising more than 4 percent, on April 25. The day before, the private sector lender had posted solid fiscal fourth quarter profits, which encouraged brokerages to maintain their bullish outlook.
The stock was up 4.23 percent from the previous close as of 10.47 am on the National Stock Exchange, trading at Rs 1,108.20.
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