Axis Bank, one of the largest private sector lenders, on Wednesday reported growth of 18.48% in its net profit for the quarter ended Mar. 31, 2015. The bank earned a profit of Rs 21.8 billion for the quarter ended Mar. 31, 2014. 
 
The bank's quarterly income totalled at Rs 124 billion, an increase of 21.57% over Rs 102 billion in the same period a year ago.

The bank has made provision of Rs 7.1 billion, which was higher by 40.59% from prior year period.

In percentage term, net NPAs were at 0.44% at the end of the quarter higher than 0.40% from last year period.
 
Capital adequacy ratio (CAR) of the bank under Basel III was at 15.09% as on Mar. 31, 2015.

Shares of the company gained Rs 17.65, or 3.3%, to settle  at  Rs 552.90.  The total volume of shares traded  was  1,193,519 at  the BSE (Wednesday).