Bank of Maharashtra, one of the leading public sector banks in India, witnessed a sharp rise in share price on Friday after the bank disclosed a sharp rise in standalone net profit for the quarter ended March 2015.

During the quarter, the profit of the company rose 97.93% to Rs 1,127.20 million from Rs 569.50 million in the same quarter last year.

Total income for the quarter rose 6.71% to Rs 35,988.90 million, compared with Rs 33,725 million for the prior year period.

Shares of the bank are trading at Rs 42.20, up Rs 4.3, or 11.35% at the Bombay Stock Exchange (BSE) on Friday at 12:35 p.m.

Total volume of shares traded on the bourses today was higher by 620.60% to 2,455,753 compared with 22-day average volume of 340,791.