Axis Bank Limited (AXISBANK) — Financial Results | 16 January 2025(4 announcements)

Axis Bank reported a 32% YoY jump in net profit to ₹676.3 crore for Q3 FY2024, driven by a 69.9% surge in interest income to ₹32,162.2 crore. Total income rose 11.5% YoY to ₹38,959.17 crore, while provisions increased 15.2% to ₹2,239.98 crore. The results, reviewed with limited assurance by two auditors, exclude consolidated Pillar 3 capital disclosures and eight subsidiary financials. Board approval came on January 16, 2025, with results published on the bank's website.

Axis Bank reported a 10% YoY rise in total income to ₹3.87 trillion for Q3FY25, driven by 9% growth in net interest income and 15% growth in operating profit. Net profit reached ₹6,304 crores, up 4% YoY, with EPS at ₹80.33. The bank improved its capital adequacy ratio to 17.01% and maintained stable asset quality with GNPA at 1.46% and NNPA at 0.35%. Key growth areas included retail loans (71% of book), SME advances (17% YoY), and digital adoption (42% of transactions via NEO). The bank also expanded its UPI leadership to 30% market share and launched initiatives like the ARISE Women's Savings Account and $500M climate loan with IFC.

Axis Bank reported consolidated net profit of ₹87.22 crores for Q3 FY25, a 32% increase from ₹65.98 crores in Q3 FY24, reflecting strong year-on-year growth in profitability.

Axis Bank reported a 10% YoY rise in total income to ₹3.87 trillion for Q3FY25, driven by 9% growth in net interest income and 15% growth in operating profit. Net profit reached ₹6,304 crores, up 4% YoY, with EPS of ₹80.33. The bank improved its capital adequacy ratio to 17.01% and maintained stable asset quality with GNPA at 1.46% and NNPA at 0.35%. Key growth areas included retail loans (71% of book), SME advances (17% YoY), and digital adoption (42% of transactions via NEO). The bank expanded its UPI leadership to 30% market share and launched initiatives like the ARISE Women's Savings Account and $500M climate loan with IFC.