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Dhanlaxmi Bank's Net Profit Rises in Fiscal Q4; Shares Jump 16%

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-- Dhanlaxmi Bank's (NSE:DHANBANK, BOM:532180) net profit rose to 434.9 million Indian rupees in the fiscal fourth quarter ended March 31, from 289.8 million rupees a year ago.

Earnings per share came in at 1.10 rupees from 0.85 rupees a year earlier, the bank said in a filing to the Indian stock exchanges.

Revenue from operations in fiscal Q4 also increased to 4.43 billion Indian rupees from 3.51 billion rupees a year ago.

The company's shares were up over 16% in recent trade.

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