Net profit of Axis Bank was up 32 per cent in the quarter ended March 31, 2010. It stood at Rs 764.87 crore this quarter as against Rs 581.45 crore in the corresponding period a year before. Total income was up marginally at 0.96 per cent to touch Rs 3921.9 crore this quarter as against Rs 3884.7 crore in the corresponding period a year before.
The company also announced its board of directors had recommended a dividend of Rs 12 per share for the year ended March 31, 2010.
The Axis Bank stock was up 2.51 per cent at the close of trade today to touch Rs 1,186.50. It hit an intra-day high of Rs 1,193 and a low of Rs 1,161.3 respectively.
