Andhra Bank, the public sector lender witnessed a rise in share price on Monday after the bank reported a rise of 73.86% in net profit on the back of low deposit cost and higher net interest margin, year-on-year basis to Rs 2.51 billion for the quarter ended Sept. 30, 2015, compared with Rs 1.44 billion, a year ago.

Total income increased by 7.25% to Rs 47.44 billion for the quarter ended Sept. 30, 2015 as compared to Rs 44.24 billion in the same period last year.

The non-performing assets (NPAs) have gone down to 2.95% from 3.86%, while the net interest margins (NIMs) grew to 3.04% in the second quarter from 2.54% last fiscal.

The banks total business grew by 14.2% to Rs 2,968.94 billion during the second quarter as against Rs 2,600.12 billion during the corresponding quarter last year.

Shares of Andhra Bank are trading at Rs 67.90, up Rs 1.35, or 2.03% at the Bombay Stock Exchange (BSE) on Monday at 11:14 a.m.

The scrip has touched an intra-day high of Rs 68.05 and low of Rs 65.70. The total volume of shares traded at the BSE is 194,378.