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Lakshmi Vilas Bank Q1 Net up 43% at Rs 40.25 cr

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New Delhi – Lakshmi Vilas Bank thursday reported a 42.98 per cent jump in net profit at Rs 40.25 crore for the first quarter ended June 30, 2015, against Rs 28.15 crore during the same period of the previous fiscal.

Its total income moved up to Rs 693.05 crore, an increase of 18.39 per cent as against Rs 585.36 crore in the year-ago period.

On the asset quality front, its gross Non Performing Assets (NPA) ratio stood at 2.72 per cent as against 3.96 per cent in the June 2014 quarter.

The Tamil Nadu-based bank’s net NPA during the quarter were at 1.72 per cent. Shares of Lakshmi Vilas Bank were trading at Rs 96.05 apiece, up 1.75 per cent from the previous close on the BSE.

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