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 Q2 results: Profit may jump 7-14%, NIM seen at 4%; here're key expectations
Axis Bank may report 14.4 per cent YoY rise in net profit at Rs 6,710 crore on 11.7 per cent YoY rise in NII at Rs 13,751 crore. Pre-provision operating profit is seen at Rs 10,367 crore, up 20.1 per cent YoY,
India's Axis Bank posts Q2 profit beat; margins shrink
India's Axis Bank reported a bigger-than-expected rise in second-quarter profit on Thursday, helped by higher core lending income. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.
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 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’s overall Q2 provisions jump to ₹2,204 cr on elevated retail slippages
Slippages for the September quarter were ₹4,443 crore, of which ₹4,073 crore were from the retail loan segment, ₹264 crore from commercial banking loans and another ₹106 crore from wholesale loans, the bank said.
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 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
Axis Bank Q2 Results: Strong NII and Profit Growth Exceed Expectations Amid Improved Asset Qualit
The bank reports robust net interest income (NII) of ₹13,004 crore, reflecting a 14.2% year-on-year growth. Profit before provisions and tax (PBT) also beats expectations, rising 24%. With improved asset quality and a slight increase in provisions,
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Axis Bank Q2 Results Review: Analysts Cut Target Price On Slower Growth
Axis Bank's total advances rose 11% on-year to Rs 9.99 lakh crore and deposits grew 14% on-year to Rs 10.87 lakh crore.
Axis Bank shares rally over 5% after Q2, but analysts cautious on outlook
Brokerages, however, have cut their earnings forecast by up to 5 per cent over FY25-27 to factor in Q2 results ...
Axis Bank Q2 net up 19%; reports pain in unsecured loans
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