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Axis Bank's Consolidated Net Profit Rises in Fiscal Q4; Shares Down 3%

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-- Axis Bank (NSE:AXISBANK, BOM:532215) consolidated net profit increased to 76.0 billion Indian rupees in the quarter ended March 31, against 74.8 billion rupees a year ago, according to a Saturday filing to the Indian stock exchanges.

The banks' shares were down over 3% in Monday's trade.

Earnings per share climbed to 24.33 rupees compared with the year-ago figure of 24.01 rupees.

Interest earned by the lender in fiscal Q4 also grew year on year to 341.7 billion rupees from 324.5 billion rupees a year earlier.

The board of directors recommended a dividend of 1 rupee per share for the financial year ended March 31.

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