Axis Bank Q3 results today: Private lender Axis Bank is set to announce its Q3 results today. Analysts ex ...More

Axis Bank Q3 results today: Private lender Axis Bank is set to announce its Q3 results today. Analysts expect modest growth in net interest income and profit. Net interest income is projected to rise by 1% QoQ, while profit growth is expected to be in the range of 2-5% QoQ. The bank's net interest margins may decline due to higher cost of deposits. Other factors to watch include credit costs, business growth, loan mix, and asset quality. ...Less

Axis Bank Q3 Results: Net interest income in the third quarter rose 9% to Rs 12,532 crore. On a sequentia ...More

Axis Bank Q3 Results: Net interest income in the third quarter rose 9% to Rs 12,532 crore. On a sequential basis, net profit increased 3.5%, while net interest income was up by a marginal 1.7% quarter-on-quarter. The year-on-year figures are not truly comparable due to Citi's acquisition. ...Less

Axis Bank Q3 Results: The lender reported interest income of Rs 30,954 crore in Q3 FY25, an 11% increase ...More

Axis Bank Q3 Results: The lender reported interest income of Rs 30,954 crore in Q3 FY25, an 11% increase from Rs 27,961 crore in the same period last year. It reported Rs 30,954 crore in interest income for Q3 FY25, an 11% rise from Rs 27,961 crore in the same period last year. Interest expenses grew 12% to Rs 17,348 crore from Rs 15,429 crore. Sequentially, PAT declined 9% to Rs 6,918 crore compared to Q2 FY25. ...Less

The profit was significantly higher than the analyst estimate of Rs 3,150 crore in an ETNow poll. ...More

The profit was significantly higher than the analyst estimate of Rs 3,150 crore in an ETNow poll. ...Less

Net non-performing assets ratio as a percentage of total loans dropped to 0.47% from 0.91% a year ago and ...More

Net non-performing assets ratio as a percentage of total loans dropped to 0.47% from 0.91% a year ago and 0.51% a quarter ago ...Less

Net interest income is seen at Rs 2,477 crore, up 15.7 per cent, compared to Rs 2,140 crore in the corres ...More

Net interest income is seen at Rs 2,477 crore, up 15.7 per cent, compared to Rs 2,140 crore in the corresponding quarter last fiscal. ...Less

Axis Bank Q3 results today: The private lender is expected to post up to 55% growth in net profit, with d ...More

Axis Bank Q3 results today: The private lender is expected to post up to 55% growth in net profit, with double-digit growth in the net interest income (NII). Axis Bank posted a net profit of Rs 5,329 crore and an NII of Rs 10,360 crore in the September quarter. ...Less

Axis Bank reported 22.2 per cent jump in net profit to Rs 1347 crore against a net profit of Rs 1102.3 cr ...More

Axis Bank reported 22.2 per cent jump in net profit to Rs 1347 crore against a net profit of Rs 1102.3 crore in the same period a year ago. ...Less

In the September quarter, Axis Bank had reported an 86 per cent year-on-year (YoY) rise in net profit at ...More

In the September quarter, Axis Bank had reported an 86 per cent year-on-year (YoY) rise in net profit at Rs 3,133 crore. This was the highest ever quarterly profit for the bank. Net interest income (NII) for the bank had risen 8 per cent. ...Less

Axis Bank Q2 Results: Axis Bank's standalone net profit experienced a significant 25% year-on-year declin ...More

Axis Bank Q2 Results: Axis Bank's standalone net profit experienced a significant 25% year-on-year decline, falling to Rs 5,090 crore in the second quarter. This decrease occurred despite a marginal 2% rise in net interest income, which reached Rs 13,744 crore during the same period. ...Less

Axis Bank is expected to post a mixed Q3 performance, with healthy loan and deposit growth supporting bal ...More

Axis Bank is expected to post a mixed Q3 performance, with healthy loan and deposit growth supporting balance sheet expansion, but pressure on margins weighing on profitability. Brokerages see NII rising about 4% year-on-year, while PAT is likely to decline around 8%. Loan growth is seen rebounding to about 14% YoY, with deposits growing faster than the industry. ...Less

The third-largest private bank in India reported a profit after tax of Rs 3,614.24 crore. The bank’s scri ...More

The third-largest private bank in India reported a profit after tax of Rs 3,614.24 crore. The bank’s scrip rose to a high of Rs 715.60 against Rs 704.35 at the previous close on the BSE. ...Less

Asset quality of the company improved, but slippages and provisions jumped during the quarter. ...More

Asset quality of the company improved, but slippages and provisions jumped during the quarter. ...Less

Net interest income (NII) of the bank increased 15 per cent to Rs 6,453 crore on a yearly basis. ...More

Net interest income (NII) of the bank increased 15 per cent to Rs 6,453 crore on a yearly basis. ...Less

Axis Bank on Monday reported a sharp 62% YoY growth in net profit for the quarter ended December to Rs 5, ...More

Axis Bank on Monday reported a sharp 62% YoY growth in net profit for the quarter ended December to Rs 5,853 crore. >> For more such web stories click on the ET icon below ...Less

Axis Bank announced its December quarter results. The bank's standalone net profit saw a 3% increase, rea ...More

Axis Bank announced its December quarter results. The bank's standalone net profit saw a 3% increase, reaching Rs 6,490 crore. Interest income also grew by 4.3% to Rs 32,274 crore. The lender's interest payments on deposits were up nearly 4% in the same period. These figures reflect the bank's performance in the recent financial quarter. ...Less

Axis Bank shares fell over 5% to Rs 1,034.75 on Wednesday despite higher-than-expected December quarter e ...More

Axis Bank shares fell over 5% to Rs 1,034.75 on Wednesday despite higher-than-expected December quarter earnings. Positive commentary from brokerages failed to alleviate selling pressure in top banking counters. Morgan Stanley maintained an 'Overweight' stance, while Nuvama maintained a 'Buy' view. However, Motilal downgraded the rating to 'Neutral' due to growth challenges. Axis Bank reported a 4% YoY jump in standalone net profit to Rs 6,071 crore. Net interest income in Q3 rose 9% to Rs 12,532 crore. ...Less

"Beat was across operating metrics, especially with NIMs soaring as much as 30 bps QoQ to 4.26%," ICICI S ...More

"Beat was across operating metrics, especially with NIMs soaring as much as 30 bps QoQ to 4.26%," ICICI Securities said. Kotak Institutional Equities, on the other hand, doesn't see material risk to its earnings forecast as the bank has higher provisions made in recent years. ...Less

L&T is likely to report double-digit rise in profit for the December quarter on Wednesday. ...More

L&T is likely to report double-digit rise in profit for the December quarter on Wednesday. ...Less

One needs to see what is in their book that gives them a cause for concern, says Krishnan ASV ...More

One needs to see what is in their book that gives them a cause for concern, says Krishnan ASV ...Less

During Oct-Dec period, the bank’s provisions and contingencies figures jumped 432.67 per cent to Rs 3,795 ...More

During Oct-Dec period, the bank’s provisions and contingencies figures jumped 432.67 per cent to Rs 3,795.80 crore against Rs 712.59 crore in the corresponding quarter last year. ...Less

NIM margin for the quarter rose to 3.47 per cent from 3.36 per cent in September quarter. ...More

NIM margin for the quarter rose to 3.47 per cent from 3.36 per cent in September quarter. ...Less

Axis Bank shares dropped over 3% to a low of 1,014.65 during a block deal involving 33.2 lakh shares. The ...More

Axis Bank shares dropped over 3% to a low of 1,014.65 during a block deal involving 33.2 lakh shares. The stock has underperformed, falling nearly 8% in the past year. The bank is expected to report Q3FY25 earnings soon, with anticipated lower loan growth and higher provisions impacting profits. ...Less

The bank said December quarter net profit rose to ₹6,071 crore, up from ₹5,853 crore a year earlier. Net ...More

The bank said December quarter net profit rose to ₹6,071 crore, up from ₹5,853 crore a year earlier. Net Interest Income (NII), the difference between interest earned and expended, grew 9% on year to ₹12,532 crore. ...Less

They have maintained their view on the stock even as the firm posted mixed financial results. ...More

They have maintained their view on the stock even as the firm posted mixed financial results. ...Less

Axis Bank will announce its Q3 earnings today, with analysts expecting modest growth in net interest inco ...More

Axis Bank will announce its Q3 earnings today, with analysts expecting modest growth in net interest income and profit. Net interest income for the October-December period is projected to rise by 1% quarter-on-quarter. Profit growth is expected to be in the range of 2-5% quarter-on-quarter. Investors should monitor net interest margins, which are expected to decline due to higher deposit costs. Additionally, credit costs, business growth, loan mix, and asset quality are important factors to watch. ...Less

Kotak Institutional Equities expects the lender's loan-loss provisions to plummet 36.2 per cent on a year ...More

Kotak Institutional Equities expects the lender's loan-loss provisions to plummet 36.2 per cent on a year-on-year basis to Rs. 2,231 crore in Q3. ...Less

Axis Bank shares saw a significant jump on Tuesday. The bank reported a 3% year-on-year rise in its stand ...More

Axis Bank shares saw a significant jump on Tuesday. The bank reported a 3% year-on-year rise in its standalone net profit for the December quarter. Net interest income also showed growth. Brokerages like Citi and Bernstein have reacted positively to the results, maintaining their ratings and target prices. The bank's asset quality remains stable, with strong provision coverage ratios. ...Less

In the September quarter, the bank had posted a loss of Rs 112 crore due to Rs 2,138 crore DTA hit. ...More

In the September quarter, the bank had posted a loss of Rs 112 crore due to Rs 2,138 crore DTA hit. ...Less

Axis Bank posted healthy Q3 growth with gross advances up 14% YoY and deposits rising 15%. Sequential mom ...More

Axis Bank posted healthy Q3 growth with gross advances up 14% YoY and deposits rising 15%. Sequential momentum remained steady, led by term deposits, while CASA growth moderated. Average deposits also expanded, reflecting resilient liability mobilisation amid competitive banking conditions. ...Less

Axis Bank on Thursday reported a tepid rise in its December quarter profits on the back of weak business ...More

Axis Bank on Thursday reported a tepid rise in its December quarter profits on the back of weak business growth, increased slippages and higher credit costs. The bank's profit rose 4% on year to ₹6,304 crore, largely in line with expectations. ...Less

Analysts have estimated net interest margin (NIM) to fall in the 3.4-3.5 range. All eyes are on slippages ...More

Analysts have estimated net interest margin (NIM) to fall in the 3.4-3.5 range. All eyes are on slippages, restructuring and accounts rated BB or below. ...Less

Q3 Results Today: The BSE will see seventy eight companies announcing their December quarter earnings, in ...More

Q3 Results Today: The BSE will see seventy eight companies announcing their December quarter earnings, including Bajaj Auto, Tata Steel, and Tech Mahindra. Axis Bank reported a 4% YoY increase in net profit for the October-December quarter. Bajaj Auto is expected to have a 33.3% YoY rise in net profit, while Tech Mahindra may see a decline in revenue but a rise in net profit. Other companies announcing their Q3 results include Ujjivan Small Finance Bank, UCO Bank, TVS Motor Company, Railtel, and PNB Housing. ...Less

In a filing to the BSE, the bank said its profit was adversely impacted by nearly Rs 1,050 crore on accou ...More

In a filing to the BSE, the bank said its profit was adversely impacted by nearly Rs 1,050 crore on account of prudent expense and provisioning charges in the December quarter. ...Less

Infosys ADRs: Infosys ADRs dropped 6.3%, despite reporting higher than estimated profit and revenue. The ...More

Infosys ADRs: Infosys ADRs dropped 6.3%, despite reporting higher than estimated profit and revenue. The company revised its revenue guidance upwards to 4.5%-5% for the current fiscal year, with an 11% YoY growth in net profit and 8% rise in revenue. ...Less

Indian markets ended higher as buying in financials, IT and metals offset weakness in auto and FMCG stock ...More

Indian markets ended higher as buying in financials, IT and metals offset weakness in auto and FMCG stocks. Adani Enterprises, Axis Bank, BPCL and Apex Frozen Foods gained, while Asian Paints, auto stocks and Sula Vineyards declined. ...Less

Net interest income (NII) for the bank rose 8 per cent YoY to Rs 7,900 crore compared with Rs 7,326 crore ...More

Net interest income (NII) for the bank rose 8 per cent YoY to Rs 7,900 crore compared with Rs 7,326 crore in the year-ago quarter. ...Less

The record date for a stock split (or any corporate action like a dividend or bonus issue) is the specifi ...More

The record date for a stock split (or any corporate action like a dividend or bonus issue) is the specific date set by a company to determine which shareholders are eligible to receive the benefits of that action. ...Less

Axis Bank reported a modest 2.9% net profit increase for the third quarter, impacted by a narrower net in ...More

Axis Bank reported a modest 2.9% net profit increase for the third quarter, impacted by a narrower net interest margin and higher credit costs. This was partly due to a technical change in loan accounting, which also affected gross slippages. Despite this, the bank saw deposit and loan book growth, with a focus on recalibrating its loan portfolio. ...Less

Axis Bank’s Q1 results, to be released on July 24, may show 11% NII growth, 12% net profit increase, and ...More

Axis Bank’s Q1 results, to be released on July 24, may show 11% NII growth, 12% net profit increase, and 15% loan growth. NIMs are likely to drop by 6-8 bps. Analysts foresee Rs 4,500 crore PSL slippages and cost pressures affecting NII growth and ratios. March quarter profit was Rs 7,130 crore. ...Less

Q3 results today: Key companies such as Reliance Industries Ltd, Infosys, Axis Bank, and LTIMindtree are ...More

Q3 results today: Key companies such as Reliance Industries Ltd, Infosys, Axis Bank, and LTIMindtree are set to release their third quarter earnings. RIL is expected to show improved earnings due to better refining margins, while Infosys and Axis Bank may see moderate profit growth despite some challenges. ...Less

Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India ...More

Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India. Infosys is poised for healthy growth driven by mega-deals, whereas Wipro may see a revenue decline. Axis Bank is expected to boost net profit by 8% with rising NII, and Nestle India projects a 5-7% revenue uptick. ...Less

Thursday's earnings announcements include Tech Mahindra, HUL, and Axis Bank. Tech Mahindra anticipates st ...More

Thursday's earnings announcements include Tech Mahindra, HUL, and Axis Bank. Tech Mahindra anticipates strong profit growth but muted revenue. HUL expects subdued demand and flat volume growth. Axis Bank projects mid-single-digit net interest income growth with potentially muted profitability due to loan growth and stable margins. ...Less

Today marks a significant day for investors and market participants as several key companies from various ...More

Today marks a significant day for investors and market participants as several key companies from various sectors are set to announce their fourth-quarter results. Among the notable earnings releases, Hindustan Unilever (HUL), LTIMindtree, Indian Hotels, Axis Bank, Macrotech, and Tata Investment stand out. ...Less

Axis Bank's March quarter net profit remained flat at Rs 7,117.5 crore, slightly exceeding estimates. Net ...More

Axis Bank's March quarter net profit remained flat at Rs 7,117.5 crore, slightly exceeding estimates. Net interest income rose 5.5% to Rs 13,810.5 crore, with NIM improving to 3.97%. The bank's balance sheet grew 9% YoY, driven by deposit and advance growth, while asset quality improved with GNPA at 1.28%. ...Less

Asian Paints climbed 4.43 per cent to Rs 3,094.40 after a couple of brokerages said their interactions wi ...More

Asian Paints climbed 4.43 per cent to Rs 3,094.40 after a couple of brokerages said their interactions with dealers suggest the paintmaker plans to execute another 15-45 per cent price increase, effective November 12. This is in addition to the recent 7.5 per cent price increases, they said. ...Less

Axis Bank, IDBI Bank, Canara Bank, Container Corporation of India, Tata Communications, Syngene Internati ...More

Axis Bank, IDBI Bank, Canara Bank, Container Corporation of India, Tata Communications, Syngene International, Gland Pharma, Poonawalla Fincorp, KEI Industries, Jindal Stainless, HFCL, Craftsman Automation, Route Mobile, Supreme Petrochem, Amber Enterprises India, Gravita India, Sagar Cements, IIFL Securities, TCFC Finance, Jai Mata Glass are among a host of companies that will announce earnings on Jan 23. ...Less

A buying spree by domestic institutional investors and retail investors is also negating the impact of fo ...More

A buying spree by domestic institutional investors and retail investors is also negating the impact of foreign fund outflows, say analysts. ...Less

Sensex slipped 115 points to settle at 34,501 while NSE's Nifty50 shed 44 points to 10,570. ...More

Sensex slipped 115 points to settle at 34,501 while NSE's Nifty50 shed 44 points to 10,570. ...Less

Axis Bank is not among investor favourites when it comes to top banks. It is not difficult to understand ...More

Axis Bank is not among investor favourites when it comes to top banks. It is not difficult to understand why. The bank is not a consistent compounder delivering 20% growth year on year; it is not the lowest cost of funds franchise; it is not a banking behemoth turning into a digital powerhouse. Axis has been facing several challenges that have held back its performance. ...Less