Axis Financial institution This fall FY25 Outcomes: Personal sector lender Axis Financial institution on Thursday reported a web revenue of Rs 7,118 crore for the quarter ended March 31, nearly unchanged from the corresponding interval a 12 months in the past however barely decrease than analysts’ expectations.
Its web curiosity earnings–or the distinction between the curiosity earned and the curiosity paid–elevated 5.5 per cent on a year-on-year foundation to Rs 13,811 crore.
In response to Zee Enterprise analysis, Axis Financial institution was estimated to report a web revenue of Rs 7,190 crore with a web curiosity earnings of Rs 13,850 crore.
Axis Financial institution This fall FY25 Earnings: How did the personal lender carry out operationally?
Axis Financial institution’s web curiosity margin (NIM), a key measure of a lender’s profitability, improved by 4 foundation factors sequentially to three.97 per cent.
For the monetary 12 months ended March 31, its NIM got here in at 3.98 per cent.
“The Financial institution prioritised profitability over progress, contemplating the unsure macros and tight liquidity surroundings dominating most of FY25, whereas persevering with to meaningfully put money into making the franchise extra sustainable,” mentioned Amitabh Chaudhry, MD and CEO, Axis Financial institution.
“As we enter FY26, we imagine the working surroundings is enhancing, which ought to assist us drive each progress and profitability,” added Chaudhry.
Axis Financial institution asset high quality improves
The lender’s asset high quality improved, mirrored in a sequantial lower in its non-performing property (NPAs) or dangerous loans.
Its web non-performing property (GNPAs) stood at 1.28 per cent and web non-performing property (NNPAs) at 0.33 per cent, having declined by 18 bps and a pair of bps on a quarter-on-quarter foundation.
Axis Financial institution provisions and contingencies
The lender reported provisions and contingencies to the tune of Rs 1,359 crore for the ultimate quarter of FY25.
Deposits and loans
As of March 31, the financial institution’s loans had been up 8 per cent on a yeaand deposits 10 per cent increased on a year-on-year foundation.
CASA ratio
The lender’s CASA ratio elevated by 200 foundation factors (bps) sequentially to 41 per cent.
A better CASA ratio means less expensive entry to money, and vice versa.
FY25 earnings
For the monetary 12 months ended March 31, the financial institution’s web revenue elevated 6.0 per cente to Rs 26,373 crore.
Axis Financial institution share value information
Earlier on Thursday, Axis Financial institution sahres ended 0.1 per cent increased at Rs 1,207.3 apiece on BSE.
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