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Shares of Karur Vysya Bank on Thursday rallied over 8 per cent after the firm reported 39.5 per cent jump in net profit for the quarter ended March 2020.
The lender’s stock jumped 8.13 per cent to ₹33.90 on the BSE.
On the NSE, it gained 8.45 per cent to ₹34.
The bank on Wednesday reported 39.5 per cent jump in net profit at ₹83.70 crore for the quarter ended March 2020 on higher income from other sources.
It had posted a net profit of ₹60.02 crore during the corresponding January-March quarter period of preceding fiscal year 2018-19.
Income during the quarter under review rose to ₹1,803.15 crore from ₹1,746.04 crore in Q4 of 2018-19.
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