Jammu & Kashmir Bank (J&K) today reported a rise of 35.68% in net profit to Rs 2.89 billion for the quarter ended Dec. 31, 2012 as compared to Rs 2.13 billion in the same period last year.

Total income of the bank increased by 21.12% to Rs 16.23 billion for the quarter ended Dec. 31, 2012 as compared to Rs 13.40 billion in the same period last year.

Interest earned during the quarter ended Dec. 31, 2012 was at Rs 15.33 billion, representing an increase of 21.09%.

The bank has made provision of Rs 223.8 million, which was 23.24% higher than the same period last year.

Net NPA was at Rs 495.1 million for the quarter ended Dec. 31, 2012, as compared to Rs 469.3 million for the quarter ended Dec. 31, 2011, representing sharp increase of 5.5%.

Meanwhile in percentage term, net NPA decreased to 0.14% as on Dec. 31, 2012 from 0.16% as on Dec. 31, 2011.

Shares of the bank gained Rs 25.1, or 1.82%, to trade at Rs 1,402.10. The total volume of shares traded was 51,371 at the BSE (12.56 p.m., Monday).