Axis Bank has declared its financial results for the first quarter of the fiscal year 2010-11.

According to the report, it has registered a significant hike in its net profit figure in the June quarter of the year. The total income of the bank ha also gone up in this quarter of the fiscal year.

Axis Bank has posted a net profit of Rs 741.88 crore for the quarter that ended in 30th June, 2010 which is almost 31.85% of the net profit figure of the similar quarter in the last fiscal.

The company has registered a net profit of Rs 562.04 crore in the similar quarter in the previous fiscal year 2009-10.

Axis Bank has informed this in a filing at the Bombay Stock Exchange. There is a significant hike in the total income of the bank as well.

The total income of the company has gone Rs 4,326.37 crore during the April-June quarter of fiscal year which was reported to be Rs 3,864.13 crore for the same quarter in the preceding year.