The bank reported standalone net profit of Rs 312.78 crore for the quarter ended March 31, 2025 as compared to Rs 139.35 crore in the same period last year, registering a year-on-yearÿgrowthÿof 124.46 per cent.
Interest income of the bank rose by 9.66 per cent at Rs 3158.94 crore for the quarter ended March 31, 2025 as against Rs 2880.78 crore in the corresponding period last year.
During the January-March quarter, total income rose substantially by 32.53 per cent to Rs 3,835.70 crore from Rs 2,894.22 crore in the year ago period.
Meanwhile, operating expenses increased by 18.04 per cent to Rs 3,019.31 crore from Rs 2,557.87 crore in the same period last year.
Operating profit surged 142.72 per cent to Rs 816.39 crore from Rs. 336.35 crore.
Provisions and Contingencies surged by 241.38 per cent at Rs 374.02 crore from Rs 109.56 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 3.05 per cent at Rs 1,122.02 crore versus Rs 1,088.83 crore in the year ago period. Non-interest income rose 4935.42 per cent year-on-year to Rs 676.76 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 3.38 per cent of the gross advances as at the end of March 31, 2025 from a level of 5.43 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.96 per cent of net advances on March 31, 2025 from 1.63 per cent a year ago.