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Axis Bank posts 18% increase in Q2 profit
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 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 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
Buy Axis Bank; target of Rs 1350: ICICI Securities
ICICI Securities is bullish on Axis Bank recommended buy rating on the stock with a target price of Rs 1350 in its research report dated October 18, 2024.
Axis Bank shares jump 6% after Q2 results. Should you buy, sell or hold?
Axis Bank shares gained attention after reporting an 18% rise in Q2 standalone net profit to Rs 6,918 crore. NII grew 9% YoY to Rs 13,483 crore, with a Net Interest Margin of 3.99%. Analysts maintain positive ratings,
India's Axis Bank posts Q2 profit beat; margins shrink
India's Axis Bank reported a bigger-than-expected rise in second-quarter profit on Thursday, helped by higher core lending income. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.
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.
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.
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.
Central Bank of India surges on reporting 49% rise in Q2 consolidated net profit
Central Bank of India is currently trading at Rs. 58.92, up by 1.53 points or 2.67% from its previous closing of Rs. 57.39 on the BSE.
Axis Bank posts 18% increase in Q2 profit driven by robust credit demand
Axis Bank announced a larger-than-expected increase in second-quarter profit, buoyed by strong core lending income and rising credit demand. The fourth-largest private lender in India, by market capitalization,
11h
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 ...
1d
Axis Bank Ltd drops for fifth straight session
Axis Bank Ltd is quoting at Rs 1127.85, down 2.2% on the day as on 13:19 IST on the NSE. The stock jumped 13.6% in last one year as compared to a 25.93% rally in NIFTY and a 16.7% spurt in the Nifty ...
ndtvprofit
12h
Axis Bank Q2 Results Review - Growth Outlook Remains Bleak For FY25: Systematix
With the credit growth coming off and bank focusing on better pricing, The brokerage factors in improved margins versus ...
4h
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 ...
1d
on MSN
35 Companies Along With Nestle, Infosys, Axis Bank & Havells To Declare Their Q2 Earning Today
The earning posting season for quarter that ended on September 31 has started to heat up; giants like Reliance, L&T Tech, and ...
4d
on MSN
Paytm, Axis Bank launch ‘Last Minute Deals' Diwali Sale: Offers, discounts and more
Paytm has partnered with Axis Bank to launch a 'Last-minute' Diwali Sale on travel bookings, offering discounts up to 12% on ...
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