Axis Bank Q3 net profit up 35.82% at Rs 891 cr

Private sector lender Axis Bank has announced its results for the quarter ended December 2010. It has reported net profit of Rs 891 crore in Q3FY11 as against Rs 656 crore Q3FY10, a growth of 35.82%.
Net interest income (NII) grew by 28.47% to 1,733 crore from Rs 1,349 crore (YoY). Other income also increased to Rs 1,148 crore from Rs 988 crore.
Numbers were better-than-expectations. CNBC-TV18 expected profit after tax at Rs 827.2 crore and net interest income at Rs 1714 crore.