Standalone net profit grew by 31.16 percent year-on-year, higher than analysts' expectations, to Rs 362 crore in the quarter, helped by fall in provisions.
Net interest income jumped 26.42% to Rs 823 crore from Rs 651 crore during the same period, which too came in above forecast.
Analysts on an average were expecting net profit at Rs 306.7 crore and net interest income at Rs 779 crore for the quarter.
Gross non-performing asset (NPA) fell by 15 basis points quarter-on-quarter to 1.46 percent and net NPA declined 11 basis points to 0.62 percent in the October-December quarter.
Provisions against bad loans were Rs 42 crore, down by 41 percent compared to Rs 71 crore in previous quarter. Provision coverage ratio stood at 66.6 percent as on December 31.
At 13:31 hours IST, the stock went up 2.23 percent to Rs 643.05 on Bombay Stock Exchange.
Trading volumes increased quite significantly to 6,61,262 equity shares as compared to five day average of 90,022 shares.
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