Axis Bank Q3FY25 results miss estimates as net profit rises three-point eight three percent YoY. Slower credit, deposit growth, and rising slippages prompt brokerages to cut target prices.

India's Axis Bank reported a smaller-than-expected rise in third-quarter profit on Thursday, as it set aside more funds for potential bad loans amid a slight deterioration in asset quality. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes earnings of its subsidiaries - rose 4% to 63.

The management believes FY25 credit growth will be anchored by deposit growth/LDR, which, analysts think, is still a challenge for Axis Bank

Axis Bank's shares drop 5.90% on NSE, Q3FY25 net profit rises 3.83%, provisions double, asset quality concerns grow.

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.

For Axis Bank, the Net Interest Income (NII) is projected to grow by 10% year-on-year (YoY), while Profit After Tax (PAT) is expected to rise by a modest 3% YoY.

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.

India's Axis Bank reported a 4% year-on-year rise in third-quarter profit on Thursday, helped by higher core lending income.

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". The lender does not have any "sell" recommendations from analysts.