Result update Axis Bank

Axis Bank: Apr-Jun net profit 21.6 bln rupees vs 11.1 bln
Analysts estimated Axis Bank Apr-Jun net profit 27.9 bln rupees
Axis Bank: Apr-Jun total income 195.9 bln rupees vs 190.3 bln
Axis Bank: Apr-Jun provisions 35.3 bln rupees vs 44.2 bln
Axis Bank: Gross NPA ratio at 3.85% as of Jun 30 vs 3.70% qtr ago
Axis Bank: Net NPA ratio at 1.20% as of Jun 30 vs 1.05% qtr ago
Axis Bank: Basel-III capital adequacy ratio at 18.67% as on Jun 30
Axis Bank: Held 50.12 bln rupees of COVID-19 provisions as of Jun 30
Axis Bank: NII at 77.6 bln rupees in Apr-Jun, up 11% on year
Axis Bank: NIM at 3.46% in Apr-Jun vs 3.56% qtr, 3.40% year ago
Axis Bank: Gross loan slippages at 65.18 bln rupees in Apr-Jun
Axis Bank: Net credit cost at 1.70% in Apr-Jun vs 2.11% year ago
Axis Bank: Loan loss provisions at 31.51 bln rupees in Apr-Jun
Axis Bank: Loan recoveries, upgrades at 25.43 bln rupees in Apr-Jun
Axis Bank: Deposits 7.14 trln rupees as on Jun 30, up 16% on year
Axis Bank: Advances at 6.15 trln rupees on Jun 30, up 12% on year
Axis Bank: Provision coverage ratio at 70% on Jun 30 vs 72% qtr ago
Axis Bank: COVID-related recast loans at 21.92 bln rupees on Jun 30
Axis Bank: Loan write-offs at 33.41 bln rupees in Apr-Jun

Source : Eureka

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