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India's Axis Bank slips
Axis Bank's shares tumble nearly 5% following weak earnings in Q3FY25
Axis Bank's shares fell nearly 5 per cent on Friday, closing at Rs 991.25, after the private sector lender reported weak financial results for the quarter ending December 2024 (Q3FY25). The results highlighted the bank's slippages and credit costs reaching multi-quarter highs, while its growth and margins were at multi-quarter lows.
India's Axis Bank slips as Q3 profit misses market view
Shares of India's Axis Bank fell 3.7% on Friday, a day after the lender posted a smaller-than-expected quarterly profit increase, weighed down by slower loan growth and higher provisions set aside for potential bad loans.
Higher provisions, slower loan growth hurt Axis Bank’s Q3 profit
Gross slippages for the December quarter rose 22% sequentially and 46% annually to ₹5,432 crore, the bank said in statement detailing its quarterly results. Slippages to the tune of ₹4,923 crore were from the retail book,
Axis Bank Q3 net profit up 4 per cent, cautions on retail asset quality issues
Executives at the country’s third largest private sector lender said the bank sees a degree of indebtedness in certain segments of the borrowers, which led to taking a deliberate call on slowing loan
Indian lender Axis Bank's Q3 profit rises on higher lending income
India's Axis Bank reported a 4% year-on-year rise in third-quarter profit on Thursday, helped by higher core lending income.
Axis Bank Q3 Results: Net profit surges 3.8% YoY to ₹6,304 crore, NII up 8.6%
Results: Private lender Axis Bank on Thursday, reported a standalone net profit increase of 3.8%, reaching ₹6,304 crore in December 2024, compared to a profit after tax (PAT) of ₹6,071 crore in the corresponding quarter of the previous financial year.
The Financial Express
4h
Axis Bank shares slide 6% to 52-week low: This is the BIG worry….
Axis Bank shares drop 6% to a 52-week low following Q3 earnings miss. Explore what led to the decline and brokerages' outlook ...
8h
Axis Bank Q3 Results Review: Earnings miss estimates; brokerages slash targets
Axis Bank Q3FY25 results miss estimates as net profit rises three-point eight three percent YoY. Slower credit, deposit ...
10h
Axis Bank Q3: Brokerages cut target prices, expect credit, deposit growth to slow
Brokerages rushed to cut their target price on Axis Bank shares following its Q3 results, amid higher slippages and tight ...
cnbctv18
1d
Axis Bank Q3 results highlights: Net profit in-line with expectations; asset quality stable
For Axis Bank, the Net Interest Income (NII) is projected to grow by 10% year-on-year (YoY), while Profit After Tax (PAT) is ...
1d
on MSN
Indian lender Axis Bank misses Q3 profit view as higher provisions weigh
India's Axis Bank reported a smaller-than-expected rise in third-quarter profit on Thursday, as it set aside more funds for ...
10h
Analysts cut Axis Bank share target after Q3, but valuation lends comfort
On the bourses, Axis Bank share price tumbled 6.3 per cent intraday to hit a fresh 52-week low of Rs 974.45 per share ...
cnbctv18
9h
Axis Bank shares fall 4% after multiple price target cuts on weak Q3 results
Out of the 49 analysts who have coverage on Axis Bank, 40 of them have a "buy" rating, while the other nine have a "hold".
8h
on MSN
Fry-day! Infosys, Axis Bank drag Sensex over 750 pts lower, Nifty slides below 23,150
Indian equity indices Sensex and Nifty50 fell sharply on Friday, with major declines in Infosys and Axis Bank shares post ...
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