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India's Axis Bank posts Q2 profit beat
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 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 beat on strong credit demand
India's Axis Bank reported a bigger-than-expected rise in second-quarter profit on Thursday, helped by higher core lending income on the back of strong credit demand. 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 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 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.
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'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.
Axis Bank net income up 18% to Rs 6,918 crore in Q2 of FY25
MUMBAI: The third largest private sector lender Axis Bank has reported an 18 percent on-year growth in net income at Rs 6,917.57 crore for the September quarter, driven by higher interest income as its loan sales rose which pushed its net interest income by a healthy 10 percent.
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Axis Bank Stocks Live Updates: Axis Bank's Market Update
Discover the Axis Bank Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent ...
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1h
Explained: Why HDFC Bank outshines Axis and Kotak Mahindra Bank in Q2FY25
HDFC Bank’s Q2FY25 earnings have set it apart from its peers in the Indian banking sector, underscoring the strength of its asset quality and strategic foresight. Its cautious approach over the past ...
10h
HDFC Bank saw a 3% quarterly decrease, while Axis Bank and Kotak reported marginal declines
Top private banks experience de-growth in corporate loans due to pricing issues, focusing on higher yielding bonds and SME ...
1h
Axis Direct's Top Stock Picks: HDFC Bank, Tech Mahindra and more | Targets, potential upside
IndiaMART, Tech Mahindra, HDFC Bank and more—offering potential upsides of 10-20%, despite market volatility. These picks aim ...
3d
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 ...
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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 ...
3d
on MSN
Axis Bank Q2 net up 19%; reports pain in unsecured loans
Axis Bank's consolidated net profit for the September quarter rose by 19.29 per cent to Rs 7,401.26 crore, but the lender ...
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