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Lakshmi Vilas Bank reports 6% jump in Q4 net profit

Lakshmi Vilas Bank has reported results for the fourth quarter and year ended March 31, 2017.

The Bank has posted a rise of 6.30% in its net profit at Rs 52.16 crore for the quarter ended March 31, 2017 as compared to Rs 49.07 crore for the same quarter in the previous year. Total income of the Bank increased by 13.99% at Rs 864.99 crore for quarter under review as compared to Rs 758.84 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the Bank has posted a rise of 42.07% in its net profit at Rs 256.07 crore as compared to Rs 180.24 crore for the same period in the previous year. Total income of Bank increased 16.59% at Rs 3349.43 crore for year under review as compared to Rs 2872.83 crore for the period ended March 31, 2016.

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