return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Earnings
    /
  5. Axis Bank Q3FY25 results live: Net profit drops 8.8% QoQ, Net interest income remains flat at ₹13,600 crore

Market News

Axis Bank Q3FY25 results live: Net profit drops 8.8% QoQ, Net interest income remains flat at ₹13,600 crore

Upstox
By Upstox News Desk

4 min read | Updated on January 16, 2025, 16:11 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Axis Bank reported a subdued set of numbers for Q3FY25 as net profit dropped 8.8% sequentially. The shares of Axis Bank closed flat on Thursday ahead of its Q3FY25 results

Axis Bank.webp

Axis Bank shares in focus as the private lender will announce its Q3FY25 earnings today.

Axis Bank Q3FY25 results live: operational effieciency The Bank’s Net Interest Income (NII) grew 9% YOY to `13,606 crores as against ₹13,483 crore, largely attributed to sluggish credit growth and unfavourable LDR ratio. Consequently, the net-interest margin stood at 3.93% down 6 bps sequentially from 3.99% in Q2FY25.
Axis Bank Q3FY25 results live: Advances and Deposits growth
  • The total advances for the bank grew by 9% YoY and 1% QoQ at ₹10,14,564 crore and the deposits grew 9% YoY to ₹1,095,882 crore.
  • . The share of CASA deposits in total deposits stood at 39%. On QAB basis, total deposits grew 13% YoY and 3% QoQ, within which savings account deposits remained flat YoY, current account deposits grew 11% YoY; and term deposits grew 19% YoY and 5% QoQ.
Axis Bank Q3FY25 results live: Asset quality
  • The GNPA and NNPA for the quarter stood at 1.46% and 0.35% for Q3FY25, slightly higher than 1.44% and 0.34% in Q2FY25.
  • The gross non-performing assets for the quarter stood at ₹15,850 crore as against ₹15,466 crore in Q2FY25 and stood marginally lower than last year, which was at ₹15,893 crore.
Axis Bank Q3FY25 results live: Net interest income and net profit
  • Axis bank reported muted set of numbers for Q3FY25 as the net interest income remained flat at ₹13,605 crore as against ₹13,483 crore in the Q2FY25 and grew 8.5% YoY as compared to ₹12,533 crore.
  • The net profit for the quarter dropped 8.8% sequentially and grew by 4.75% YoY to ₹6,305 crore. This was largely attributed to slower interest income growth at 1.7% QoQ and 10% YoY.
Axis Bank Q3FY25 results live: Axis Bank share price at 3:00 pm Shares of Axis Bank traded 0.5% higher at ₹1,035 apiece on the NSE at 3:00 pm ahead of Q3FY25 results.
Axis Bank Q3FY25 results live: Axis Bank share price at 3:00 pm Shares of Axis Bank traded 0.5% higher at ₹1,035 apiece on the NSE at 3:00 pm ahead of Q3FY25 results.
Axis Bank Q3FY25 results live: Axis Bank share price at 12:20 pm Shares of Axis Bank traded 1.1% higher at ₹1,038 apiece on the NSE at 12:20 pm ahead of Q3FY25 results.
Axis Bank Q3FY25 results live: Axis bank Q3FY25 preview Earnings for Axis Bank are expected to be on muted side as the slower credit growth is expected to impact net-interest income. In addition, the retail heavy lending book is expected to see some pain in the asset quality. The deposit growth is expected to be on a muted side due to overall industry headwind.
Axis Bank Q3FY25 results live: Axis bank share price at 9:10 am Shares of Axis Bank likely top open at ₹1,033 apiece , up by 0.69% on Thursday ahead of its Q3FY25 results. The results are expected to be released post market hours on Thursday.
Axis Bank Q3FY25 results live: Axis bank share price update Shares of Axis Bank closed 2.3% lower on Wednesday ahead of its key Q3 results to be announced today. The share price has delivered flat to negative growth in 2024 underperforming its benchmark NIFTY Bank. The share price closed at ₹1,026 apiece on the NSE on Wednesday.
Axis Bank Q3FY25 results live: Q2FY25 results update Axis Bank reported strong set of numbers in Q2FY25 as the net profit for the September quarter grew by 19% YoY to ₹7,408 crore. This was largely due to strong net-interest income growth at ₹10.4% YoY to ₹13,986 crore. The deposits grew strongly at 14% YoY and the CASA ratio stood strong at 41%, which was best amongst its closest peers.

The advances growth too saw a stable growth at 11% YoY at ₹10 lakh crore as compared to ₹89,730 crore in September 2023. The growth was largely driven by retail and SME segment which together constitute nearly 70% of the overall advances for the bank.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story