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Axis Bank Q3 Results: Axis Bank reports 4% rise in net profit to Rs 6,304 crore

Axis Financial institution Q3 Outcomes: Axis Financial institution, a number one personal sector financial institution, has recorded a superb efficiency through the third quarter (October-December 2024) of the monetary 12 months 2024-25. The financial institution's internet revenue elevated by 4% to Rs 6,304 crore, in comparison with Rs 6,071 crore in the identical interval final 12 months.

Progress in Revenue and Curiosity Revenue of Axis Financial institution

The financial institution's complete revenue through the quarter elevated by 10% to Rs 36,926 crore from Rs 33,516 crore in the identical interval of the final monetary 12 months.

Curiosity revenue: Rs 30,954 crore, which was Rs 27,961 crore final 12 months. Web curiosity revenue: It elevated by 9% to Rs 13,606 crore as towards Rs 12,532 crore final 12 months. enchancment in npa

Enchancment was additionally seen within the asset high quality of the financial institution.

Gross non-performing belongings declined to 1.46% from 1.58% final 12 months. Web NPA declined marginally to 0.35%, which was 0.36% final 12 months. Efficiency of Axis Financial institution: The financial institution has improved its lending course of, resulting from which NPA has lowered. Revenue has elevated resulting from elevated internet curiosity revenue (NII) and curiosity revenue. Digital transactions and rising variety of clients are contributing to the financial institution's efficiency.

Additionally learn: Reliance Industries Q3 Outcomes: Reliance's internet revenue elevated by 12%, sturdy efficiency of digital and retail enterprise

Doable impression on Axis Financial institution shares. Impression in inventory market: Resulting from sturdy outcomes, a constructive development will be seen within the shares of Axis Financial institution. Traders anticipate long-term features from the financial institution's asset high quality and rising earnings.

Additionally learn: Rupee: Big fall of 21 paise in Rupee, closed at 86.61 stage towards US greenback

Disclaimer: Prabhat Khabar doesn’t give any recommendation for any shopping for or promoting associated to the inventory market. We publish market associated analyzes quoting market specialists and broking firms. However take market associated choices solely after consulting licensed specialists.

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