2 weeks Ago
Axis Bank Q4 results: Axis Bank, India's fourth largest private bank in terms of market capitalisation, on Thursday, April 24, reported a 0.20 per cent year-on-year (YoY) decline in its standalone net profit to ₹ 7,117.50 crore for the March quarter (Q4) of the last financial year (FY25).
In the same quarter last year, the company's profit stood at ₹ 7,129.67 crore. Total interest earned during the quarter rose 6.
90 per cent YoY to ₹ 31,242.51 crore from ₹ 29,224.54 crore in the corresponding quarter of the previous financial year.
The bank said its net interest income (NII) grew 6 per cent year over year to ₹ 13,811 crore. The net interest margin (NIM) for Q4FY25 stood at 3.97 per cent, increasing four bps quarter over the last quarter.
Axis Bank's operating profit for the quarter under review saw a mild growth of 2 per cent YoY to ₹ 10,752 crore. Operating cost grew 6 per cent YoY in Q4FY25. Provision and contingencies for Q4FY25 stood at ₹ 1,359 crore, while specific loan loss provisions for Q4FY25 stood at ₹ 1,369 crore.
Axis Bank said it had cumulative provisions (standard + additional, other than NPA) of ₹ 11,957 crore at the end of Q4FY25, which was over and above the NPA provisioning included in its PCR calculations. "These cumulative provisions translate to a standard asset coverage of 1.15 per cent as on 31st March 2025.
On an aggregated basis, our provision coverage ratio (including specific + standard + additional) stands at 157 per cent of GNPA (gross non-performing assets) as on 31st March 2025," said Axis Bank. More to come..
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