Lakshmi Vilas Bank reports marginal rise in Q1 net profit

Lakshmi Vilas Bank has reported results for first quarter ended June 30, 2012.

The bank has registered a marginal rise of 2.64% in its net profit at Rs 25.23 crore for the quarter under review as compared to Rs 24.58 crore for the same quarter in the previous year. Total income of the bank has increased by 24.68% at Rs 461.25 crore for Q1FY13 as compared Rs 369.94 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) rose to 3.58% in the April-June quarter as against 2.09% in the same quarter previous year while net NPAs increased to 2.21%.