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.
Higher provisions, slower loan growth hurt Axis Bank’s Q3 profit
Axis Bank Q3 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.
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 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.
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).
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 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 Q3 Results: Net Profit Grew 4% YOY To Rs 6,304 Cr; Asset Quality Stable
The Axis Banks operating profit for the quarter rose 15% year over year to Rs 10,534 crores. Core operating profit rose 14% year over year to Rs 10,102 crores in Q3FY25, while net profit rose 4% YoY to Rs 6,
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.
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