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Axis Bank posts 18% increase in Q2 profit
Axis Bank Shares Surge as Profits Rise in September Quarter
Shares of Axis Bank surged nearly 6% after reporting a 19.29% increase in net profit for the September quarter. The bank's core net interest income grew by 9%, and non-interest income rose by 34%. Axis Bank reported strong performance despite challenges in the unsecured lending segment.
Axis Bank Q2 net profit rises 18%; management flags higher stress in unsecured loans
Axis Bank, on Thursday reported a Q2 net profit at ₹6,918 crore, up 18% on a year-on-year (YoY) results basis and 15% sequentially, supported by steady margin and core income growth.
Axis Bank Q2 Results: Net profit rises 18% to ₹6,917.57 crore on robust credit demand, NII up 10% YoY
Net interest margin, a key gauge of lender profitability, shrunk to four per cent in the September quarter from 4.11 per cent last year and 4.05 per cent in the previous quarter.
Axis Bank Surges with Substantial Q3 Profit Growth
Shares of Axis Bank soared over 4% following a significant quarterly net profit increase of 19.29%. The third largest private lender's earnings were bolstered by a 9% growth in net interest income and a 34% rise in non-interest income,
India's Axis Bank posts Q2 profit rise
India's Axis Bank reported an 18% year-on-year rise in second-quarter profit on Thursday, helped by higher core lending income on the back of strong credit demand.
Axis Bank Q2 profit rises 18% on strong core biz growth
The robust profit growth was fuelled by a 24% rise in operating profits and a 10% increase in core operating profits year-on-year.
Axis Bank Q2 Profit Rises
Indian bank Axis Bank Limited Thursday reported second-quarter profit of 6,918 crore rupees or 88.20 rupees per share, compared to
India's Axis Bank posts Q2 profit beat; margins shrink
The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.18 billion rupees ($823.25 million) for the quarter ended Sept.
Axis Bank net income up 18% to Rs 6,918 crore in Q2 of FY25
MUMBAI: The third largest private sector lender Axis Bank has reported an 18 percent on-year growth in net income at Rs 6,917.57 crore for the September quarter, driven by higher interest income as its loan sales rose which pushed its net interest income by a healthy 10 percent.
Tata Communications Q2 Results: Conso Profit Rises 3%, Data revenue up 21%
Central Bank of India Q2 profit surges 51% to Rs 913 crore
State-owned Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago.
2d
on MSN
Indian shares caught between Infosys-led IT slide and Axis Bank's boost
By Hritam Mukherjee (Reuters) -Indian shares inched lower on Friday as a drop in IT stocks after bellwether Infosys's ...
1d
F&O Query: Should you hold the longs on Axis Bank call options?
Axis Bank’s stock rebounded from ₹1,130, rallying past the key level of ₹1,185, signaling a potential bullish reversal with ...
2d
on MSN
Axis Bank’s overall Q2 provisions jump to ₹2,204 cr on elevated retail slippages
Slippages for the September quarter were ₹4,443 crore, of which ₹4,073 crore were from the retail loan segment, ₹264 crore ...
3d
on MSN
India's Axis Bank posts Q2 profit beat on strong credit demand
India's Axis Bank reported a higher-than-expected second-quarter profit on Thursday, helped by an increase in core lending ...
2d
Axis Bank Stocks Highlights: Axis Bank Stock Price History
Welcome to the Axis Bank Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock.
2d
Axis Magnus Credit Card Review 2024
As one of the leading banks, Axis Bank has undoubtedly been one of the best credit card providers in the market. In this ...
2d
on MSN
Axis Bank shares offer valuation comfort but should you buy? Here are target prices
While the prevailing Axis bank valuation looks comforting after a significant underperformance, the watchful stance on ...
2d
Axis Bank, Manappuram Finance, Infosys among the top gainers and losers in trade on October 18
Sensex and Nifty turned green after a weak start on October 18, with several sectoral indices that opened in the red ...
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