Karnataka Bank announced a sharp rise in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the bank rose 65.52% to Rs 1,344.20 million from Rs 812.10 million in the same quarter previous year.

Total income for the quarter rose 11.55% to Rs 13,080.40 million, compared with Rs 11,726 million for the prior year period.

Earnings per share for the quarter stood at Rs 7.13, registering 65.43% growth over previous year period.

Shares of the bank gained Rs 5.35, or 4.23%, to trade at Rs 131.95. The total volume of shares traded was 864,818 at the BSE (3.33 p.m., Friday).