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Axis Bank posts 18% increase in Q2 profit
India's Axis Bank posts Q2 profit beat on strong credit demand
India's Axis Bank reported a higher-than-expected second-quarter profit on Thursday, helped by an increase in core lending income. The country's fourth-largest private lender by market value said its standalone net profit,
Axis Bank Q2 net profit rises 18%; management flags higher stress in unsecured loans
Axis Bank, on Thursday reported a Q2 net profit at ₹6,918 crore, up 18% on a year-on-year (YoY) results basis and 15% sequentially, supported by steady margin and core income growth.
Axis Bank Shares Surge as Profits Rise in September Quarter
Shares of Axis Bank surged nearly 6% after reporting a 19.29% increase in net profit for the September quarter. The bank's core net interest income grew by 9%, and non-interest income rose by 34%. Axis Bank reported strong performance despite challenges in the unsecured lending segment.
India's Axis Bank posts Q2 profit rise
India's Axis Bank reported an 18% year-on-year rise in second-quarter profit on Thursday, helped by higher core lending income on the back of strong credit demand.
Axis Bank Q2 Results: Net profit rises 18% to ₹6,917.57 crore on robust credit demand, NII up 10% YoY
Net interest margin, a key gauge of lender profitability, shrunk to four per cent in the September quarter from 4.11 per cent last year and 4.05 per cent in the previous quarter.
Axis Bank Surges with Substantial Q3 Profit Growth
Shares of Axis Bank soared over 4% following a significant quarterly net profit increase of 19.29%. The third largest private lender's earnings were bolstered by a 9% growth in net interest income and a 34% rise in non-interest income,
Axis Bank Q2 profit rises 18% on strong core biz growth
The robust profit growth was fuelled by a 24% rise in operating profits and a 10% increase in core operating profits year-on-year.
Axis Bank Q2 results: Net profit rises 18%, net interest income up 9%
In terms of deposits, Axis Bank reported a 14% YOY increase, with term deposits soaring by 21% YOY. Current Account Savings Account (CASA) deposits saw a more modest growth of 4% YOY.
Axis Bank Q2 Profit Rises
Indian bank Axis Bank Limited Thursday reported second-quarter profit of 6,918 crore rupees or 88.20 rupees per share, compared to
India's Axis Bank posts Q2 profit beat; margins shrink
The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.18 billion rupees ($823.25 million) for the quarter ended Sept.
Axis Bank shares jump 5% after Q2 results; but brokerages say 'little to cheer about'
Shares of private lender Axis Bank zoomed nearly 5 per cent after reporting its Q2 FY 2024-25 results. Global brokerage firm Bernstein said there is little to cheer about the Q2 results. Read on to know what Nomura and Bernstein said and what target prices they have set for the banking stock.
2d
on MSN
Indian shares caught between Infosys-led IT slide and Axis Bank's boost
By Hritam Mukherjee (Reuters) -Indian shares inched lower on Friday as a drop in IT stocks after bellwether Infosys's ...
22h
F&O Query: Should you hold the longs on Axis Bank call options?
Axis Bank’s stock rebounded from ₹1,130, rallying past the key level of ₹1,185, signaling a potential bullish reversal with ...
2d
Axis Magnus Credit Card Review 2024
As one of the leading banks, Axis Bank has undoubtedly been one of the best credit card providers in the market. In this ...
2d
Axis Bank, Manappuram Finance, Infosys among the top gainers and losers in trade on October 18
Sensex and Nifty turned green after a weak start on October 18, with several sectoral indices that opened in the red ...
2d
Announcements Updates: Announcement under Regulation 30 (LODR)-Newspaper Publication
Welcome to the Axis Bank Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock.
2d
Axis Bank shares offer valuation comfort but should you buy? Here are target prices
While the prevailing Axis bank valuation looks comforting after a significant underperformance, the watchful stance on ...
4d
on MSN
Bengaluru: 4 bank staff, 4 mule account holders held for trading fraud
Four Axis Bank employees and four mule account holders have been arrested for their role in a trading scam, defrauding a ...
5d
Bengaluru Police arrest Axis Bank manager, 3 sales executives in a Rs 97-crore stock-market fraud
As many as 254 cases linked to the scam in which investors were promised hefty returns through stock tips on WhatsApp have ...
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