The stock opened at 118.80 rupee Monday and fell back to 117.00 in intra-day trade.
Group interest income rose 45 percent to 3.6 billion rupees and interest expenses rose at a faster 60 percent to 2.3 billion rupees, and NDB grew net interest income 24 percent to 1.32 billion rupees.
The net interest margin fell to 3.55 percent in the quarter from 3.71 percent a year earlier.
Fee income rose strongly by 44 percent to 947 million rupees with forex income rising 200 percent to 509 million rupees.
Performing loans grew 4 percent to 104.8 billion rupees from December 2011, and non-performing loans also kept pace at 4 percent reaching 1.4 billion rupees by end March. Gross non-performing loans were 1.34 percent, flat from December.
The group provided 38 million rupees for loan losses in the quarter against a reversal of 12.9 million a year earlier."We were able to continue the strong momentum built in 2011, and will seek further growth opportunities for the Bank throughout 2012," Chairman Hemaka Amarasuriya told shareholders.
"Our focused management on all of our banking operations is expected to deliver solid growth into the future and enhance shareholder value."
Group gross assets grew 4 percent to 147 billion rupees and net assets were flat at 18.1 billion rupees.
The bank also sold a stake in NDB Investment Bank and Aviva NDB Insurance, to Capital Development and Investment Company booking a capital gain of 271 million rupees.
At bank level capital adequacy was 12.24 percent up from the December 2011 level of 11.3 percent and above the statutory 10 percent. Group capital adequacy was 16.55 percent up from 15.98 percent in December 2011.