Bandhan Bank shares jumped 13.4% in intraday trade to ₹218.20, the highest level since February 2024. The increase follows the bank’s announcement of a higher-than-expected profit after tax for the June quarter, beating analysts’ estimates.
The bank reported on Friday that its net profit for the June 2024 quarter had increased by 47% to ₹1,063 crore from ₹721 crore during the same period last year.
The bank’s net revenue for Q1 FY25 was ₹3,533 crore, up 23% from ₹2,876 crore in Q1 FY24. The quarter’s net interest income (NII) was ₹3,005 crore, a 21% increase from ₹2,491 crore the year before.
As of 1:58 pm, Bandhan Bank shares were trading 2.57 % higher at Rs 3,774.30.
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