India's Axis Bank misses profit view on bad loan provisions

India's Axis Bank misses profit view on bad loan provisions, slow loan growth
India's Axis Bank reported a smaller-than-expected rise in quarterly profit on Thursday, as loan growth slowed and it set aside more funds against potential bad loans. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes earnings of its subsidiaries - rose 4% to 63.
Axis Bank’s net profit rises 4% to Rs 6,304 crore
The management highlighted that the new-to-bank acquisition engine for the savings franchise has strengthened this quarter.
Axis Bank Q3 results highlights: Net profit in-line with expectations; asset quality stable
For Axis Bank, the Net Interest Income (NII) is projected to grow by 10% year-on-year (YoY), while Profit After Tax (PAT) is expected to rise by a modest 3% YoY.
Indian lender Axis Bank's Q3 profit rises on higher lending income
India's Axis Bank reported a 4% year-on-year rise in third-quarter profit on Thursday, helped by higher core lending income.
Axis Bank to announce Q3 earnings today, here's what to expect
Private sector lender Axis Bank will announce its earnings for the quarter ended December 2024 today. Brokerage Citi India sees Axis Bank's Q3 profit at Rs 6,304.6 crore, rising 4 per cent year-on-year (Y-o-Y) but falling 9 per cent quarter-on-quarter (Q-o-Q).
Axis Bank Q3 results: Net profit rises 4%, asset quality remains stable
The bank's Net Interest Income (NII) was reported at ₹13,606 crore, missing the poll estimate of ₹13,677.3 crore.
Axis Bank's Steady Profit Rise in Q3
Axis Bank reported a 4% increase in standalone net profit to Rs 6,304 crore for Q3 of 2024, from Rs 6,071 crore year-on-year. Total income rose to Rs 36,926 crore. Net Interest Income grew by 9%, while gross NPA decreased to 1.
Axis Bank's Q3FY25 results: Net profit rises 4% to Rs 6,034 crore
Gross non-performing assets (NPAs) stood at 1.46 per cent at the end of the December quarter, and net NPAs stood at 0.35 per cent
Indian lender Axis Bank misses Q3 profit view as higher provisions weigh
India's Axis Bank reported a smaller-than-expected rise in third-quarter profit on Thursday, as it set aside more funds for potential bad loans amid a slight deterioration in asset quality. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes earnings of its subsidiaries - rose 4% to 63.
Axis Bank Q3 Results: Net profit surges 3.8% YoY to ₹6,304 crore, NII up 8.6%
Results: Private lender Axis Bank on Thursday, reported a standalone net profit increase of 3.8%, reaching ₹6,304 crore in December 2024, compared to a profit after tax (PAT) of ₹6,071 crore in the corresponding quarter of the previous financial year.
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