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.
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Axis Bank Ltd (STU:UZC) reports a robust 14% increase in core operating profit, while navigating competitive pressures and macroeconomic challenges.
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 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 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.
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.
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Axis Bank shares slide 6% to 52-week low: This is the BIG worry….
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Analysts cut Axis Bank share target after Q3, but valuation lends comfort
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Axis Bank Q3 Results Review: Earnings miss estimates; brokerages slash targets
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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.
Nifty Private Bank index down 2%, hits 7-month low; Axis hits 52-week low
PM, the Nifty Private Bank index was the top loser among financial sector indices, down 2.4 per cent as compared to 0.52 per ...
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Axis Bank shares drop 6% to hit 52-week low. Should you buy?
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