Axis Bank Ltd Share Price – NSE  / BSE

Banks, Mid Cap

The counter slumped 5.28% to Rs 985.25 on the BSE. Axis Bank's Q3 results, which fell short of analyst expectations across all key metrics, triggered downgrades. Key concerns included higher slippages driven by agriculture and unsecured loans, elevated credit costs remaining the highest among the top 5 banks, and the slowest deposit growth compared to peers. While Q3 earnings appeared in line due to lower operating expenses offsetting higher provisions, analysts anticipate some weakness in the stock price. A domestic brokerage noted a slight deterioration in asset quality, with sequential increases in slippages, although NPA ratios remained relatively stable.

In Q3 FY25, profit before tax (PBT) increased 3.27% YoY to Rs 8,378.22 crore.

The bank’s operating profit before provisions & contingencies jumped 15.23% to Rs 10,533.85 crore in Q3 FY25 as compared with Rs 9141.24 crore in Q3 FY24. Provisions & contingencies jumped zoomed 109.62% to Rs 2,155.63 crore in Q3 FY25 as against Rs 1,028.34 crore in Q3 FY24.

Net interest income (NII) grew 9% YoY to Rs 13,606 crore. Net Interest Margin (NIM) stood at 3.93% in Q3FY25.

Total deposits stood at 10,95,883 crore in Q3 FY25 during the quarter, up 9% YoY.

CASA Deposits increased 2% to Rs 4,32,855 crore in Q3 FY25 as compared with Rs 423,458 crore in Q3 FY24. CASA deposits constitute 39% of the total deposits as of 31st December 2024.

Net advances increased 9% to Rs 10,14,564 crore as on 31st December 2024 as compared with Rs 932,286 crore as on 31st December 2023. Retail loans grew 11% YoY to Rs 6,05,825 crore and accounted for 60% of the net advances of the Bank, SME book remains well diversified across geographies and sectors, grew 15% YoY to Rs 1,14,101 crore, Corporate loan book grew 3% YoY to Rs 294,638 crore duirng the period under review.

In Q3FY25, gross slippage ratio stood at 2.13%, Net slippage ratio was at 1.40%, Net credit cost stood at 0.80%.

The bank’s gross non-performing (GNPA) stood at Rs 15,850.27 crore as on 31st December 2024 as against Rs 15,893.01 crore as on 31st December 2023.

The ratio of gross NPAs reduced to 1.46% as on 31st December 2024 as against 1.58% as on 31st December 2023. Net NPAs reduced to 0.35% as on 31st December 2024 as against 0.36% as on 31st December 2023.

As on December 2024, capital adequacy ratio (basel III) stood at 17.01%. Tier I was at 15.01% and Tier II at 2.00%.

The bank's return on average assets (ROA) and Return on equity (ROE) stood at 1.64% and 15.37%, respectively in the quarter ended 31st December 2024.

Axis Bank is the third-largest private sector bank in India. During the quarter, the bank added 130 branches taking its overall distribution network to 5,706 domestic branches and extension counters situated across 3,122 centres and 14,476 ATMs and cash recyclers spread across the country. The bank's Axis Virtual Centre is present across six centres with over 1,700 virtual relationship managers as on December 2024.

The counter declined 5.28% to Rs 985.25 on the BSE.

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Earnings Today:

Tech Mahindra, Wipro, ICICI Lombard General Insurance Co., Indian Hotels Co., Jio Financial Services, 5Paisa Capital, Aether Industries, Concord Enviro Systems, Ganesh Housing Corp., Mamata Machinery, Rajoo Engineers, Rallis India, Ramkrishna Forgings, Sanathan Textiles, SBI Life Insurance Co., Seshasayee Paper & Boards, SG Finserve, Supreme Petrochem, Steel Strips Wheels, Sterlite Technologies, Swaraj Engines will declare their results later today.

Stocks to Watch:

Axis Bank’s standalone net profit increased 3.83% to Rs 6,303.77 crore on 10.17% jump in total income to Rs 36,926.14 rore in Q3 FY25 over Q3 FY24. Net interest income (NII) grew 9% YoY to Rs 13,606 crore. Net Interest Margin (NIM) stood at 3.93% in Q3FY25.

Infosys' reported 4.61% rise in consolidated net profit to Rs 6,806 crore on a 1.89% increase in revenues to Rs 41,764 crore in Q3 FY25 over Q2 FY25. The total contract value (TCV) of large deal wins was $2.5 billion in Q3 of FY25, with a net new of 63%. It has raised FY25 guidance to 4.5%-5% in constant currency

Reliance Industries’ consolidated net profit rose 7.4% YoY to Rs 18,540 crore in Q3 FY25. Net sales jumped 17.9% to Rs 2,39,986 crore in Q3 FY25 as compared with Rs 2,25,086 crore in Q3 FY24.

Metro Brands’ consolidated net profit declined 3.3% to Rs 94.58 crore in Q3 FY25 as compared with Rs 97.81 crore in Q3 FY24. Net sales jumped 10.6% YoY to Rs 703.09 crore in Q3 FY25.

LTIMindtree’s consolidated net profit declined 13.24% to Rs 1,085.40 crore in Q3 FY25 as against Rs 1,251 crore in Q2 FY25. Net sales increase 2.42% QoQ to Rs 9660.90 crore in Q3 FY25.

Concord Biotech has entered into share purchase agreement with Clean Max Everglades and Clean Max Enviro Energy Solutions to acquire a 26% stake in Clean Max from Clean max Enviro Energy Solutions.

AIA Engineering’s wholly owned subsidiary, Vega Industries (Middle East) FZC, UAE will establish facilities in China and Ghana for the manufacture of Hi-Chrome Grinding Media using distinct technology

HFCL has secured an order worth Rs 2,501 crore from BSNL for the middle-mile network of BharatNet Phase III in Punjab. The order will be completed within three years.

Indian Railway Catering and Tourism Corporation (IRCTC) board has appointed Sudhir Kumar as chief financial officer (CFO)

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Net profit of Axis Bank rose 3.86% to Rs 6742.29 crore in the quarter ended December 2024 as against Rs 6491.66 crore during the previous quarter ended December 2023. Total Operating Income rose 11.42% to Rs 32162.20 crore in the quarter ended December 2024 as against Rs 28865.20 crore during the previous quarter ended December 2023.

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In Q3 FY25, profit before tax (PBT) increased 3.27% YoY to Rs 8,378.22 crore.

The bank’s operating profit before provisions & contingencies jumped 15.23% to Rs 10,533.85 crore in Q3 FY25 as compared with Rs 9141.24 crore in Q3 FY24. Provisions & contingencies jumped zoomed 109.62% to Rs 2,155.63 crore in Q3 FY25 as against Rs 1,028.34 crore in Q3 FY24.

Net interest income (NII) grew 9% YoY to Rs 13,606 crore. Net Interest Margin (NIM) stood at 3.93% in Q3FY25.

Total deposits stood at 10,95,883 crore in Q3 FY25 during the quarter, up 9% YoY.

CASA Deposits increased 2% to Rs 4,32,855 crore in Q3 FY25 as compared with Rs 423,458 crore in Q3 FY24. CASA deposits constitute 39% of the total deposits as of 31st December 2024.

Net advances increased 9% to Rs 10,14,564 crore as on 31st December 2024 as compared with Rs 932,286 crore as on 31st December 2023. Retail loans grew 11% YoY to Rs 6,05,825 crore and accounted for 60% of the net advances of the Bank, SME book remains well diversified across geographies and sectors, grew 15% YoY to Rs 1,14,101 crore, Corporate loan book grew 3% YoY to Rs 294,638 crore duirng the period under review.

The bank’s gross non-performing (GNPA) stood at Rs 15,850.27 crore as on 31st December 2024 as against Rs 15,893.01 crore as on 31st December 2023.

The ratio of gross NPAs reduced to 1.46% as on 31st December 2024 as against 1.58% as on 31st December 2023. Net NPAs reduced to 0.35% as on 31st December 2024 as against 0.36% as on 31st December 2023.

As on December 2024, capital adequacy ratio (basel III) stood at 17.01%. Tier I was at 15.01% and Tier II at 2.00%.

The bank's return on average assets (ROA) and Return on equity (ROE) stood at 1.64% and 15.37%, respectively in the quarter ended 31st December 2024.

Axis Bank is the third-largest private sector bank in India. During the quarter, the bank added 130 branches taking its overall distribution network to 5,706 domestic branches and extension counters situated across 3,122 centres and 14,476 ATMs and cash recyclers spread across the country. The bank's Axis Virtual Centre is present across six centres with over 1,700 virtual relationship managers as on December 2024.

The counter rose 1.25% to end at Rs 1,040.20 on the BSE.

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