Axis Bank Q4 Results: Higher Provisions Weigh On Profit, Asset Quality Improves

Higher provisions weighed on Axis Bank Ltd.'s standalone net profit for the quarter ended March fell 0.1% to Rs 7,117.

5 crore.Provisions and contingencies of the bank rose 15% year-on-year to Rs 1,359 crore, according to an exchange filing on Thursday.However, asset quality of the bank improved with the gross non-performing-asset ratio falling to 1.



28% from 1.46% a quarter ago. Net NPA ratio of the bank also was down to 0.

33% from 0.35% in the December quarter.Q4 Results Live: Tech Mahindra Profit Up 17%; Axis Bank Profit Beats Estimate.

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