The net profit for the half year ended September 30 rose by 30.4 per cent to Rs 224.42 crore against Rs 172.10 crore in the previous fiscal. Total income rose by 19.63 per cent to Rs 726.50 crore from Rs 607.28 crore in the previous year.
The interest earned income of the bank for the quarter rose by 33.48 per cent to Rs 640.24 crore (Rs 479.64 crore). The net interest margin increased to 3.6 per cent from 3.15 per cent the previous year.
The other income of the bank for the quarter dipped by 32.41 per cent to Rs 86.26 crore as against Rs 127.764 crore.
This was on the back of a loss on sale of investments for the quarter ended September 30 due to mark-to-market net of losses of around Rs 44 crores on debt mutual fund post receipt of dividends.
Other income for the quarter which was at Rs 86.3 crore, consisted principally of fees and commissions of Rs 78.3 crore, foreign exchange and derivatives revenues of Rs 26.6 crore, and loss on sale of investments of Rs 18.8 crore against Rs 55.2 crore, Rs 22.8 crore and Rs 49.5 crore (profit on sale of investments) for the previous year.
The bank had received a dividend income of around Rs 40 crore from debt mutual fund investments.
The scrip fell by 3.19 per cent on the Bombay Stock Exchange to Rs 303.80.
