Indian lender Axis Bank misses Q3 profit view

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.
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 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'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
Axis Bank Q3 Results: PAT jumps 4% YoY to Rs 6,304 crore, misses estimates
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,
Axis Bank Q3 Profit Up 4%, Loan Growth Slows
Axis Bank's Q3 profit rose 4% to Rs 6,304 crore, driven by higher provisions and slower loan growth. Retail segment asset quality pressures impacted the results.
Axis Bank Q3 results: PAT rises 4% to Rs 6,304 cr on higher lending income
The Mumbai-based private lender's standalone net profit - which excludes its subsidiaries - rose 4 per cent to Rs 6,304 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 Q3 Results: Net profit rises by 4% to Rs 6,304 crore
Results: Private sector lender Axis Bank on Thursday reported a 4 per cent rise in standalone net profit to Rs 6,304 crore for the third quarter ended on December 31, 2024. The bank had earned a net profit of Rs 6,
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 Q3 Preview: Modest credit growth to cap NII gains; stable margins likely
Axis Bank's NII will likely reach Rs 13,794 crore in Q3FY25 while net profit is expected to rise to Rs 6,416 crore ...
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