Axis Bank today reported higher than expected profit in the third quarter ending December 2011.
Net interest income (NII) jumped 23.49 per cent to Rs 2,140.3 crore in Q3 FY12 against Rs 1,733.12 crore in Q3 FY11. Net profit rose 23 per cent to Rs 1,100 crore against Rs 891 crore (year-on-year).
A brokers' poll conducted by NDTV Profit had estimated NII at Rs 2,130 crore and profit after tax (PAT) at Rs 1,015 crore.
Stocks jumped over 6 per cent in flat market post results. Axis Bank was the top gainer on the Nifty index at 1510 hours.
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