Axis Bank Ltd's Q3FY25 Quarterly Results
- 22 Jan 2025
Result Summary
- Axis Bank Ltd reported a 0.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 10.9%.
- Its expenses for the quarter were down by 0.1% QoQ and up 9.1% YoY.
- The net profit decreased 8.8% QoQ and increased 4.0% YoY.
- The earnings per share (EPS) of Axis Bank Ltd stood at 21.6 during Q3FY25.
Financial Statments for Q3FY25
Total Income | 38959.17 | 39203.77 | 35136.83 | -0.6% | 10.9% |
Total Expenses | 27712.43 | 27751.90 | 25400.07 | -0.1% | 9.1% |
Provisions & contingencies | 2239.98 | 2274.58 | 1049.06 | -1.5% | 113.5% |
Profit Before Tax | 9006.76 | 9177.29 | 8687.70 | -1.9% | 3.7% |
Tax | 2243.66 | 1768.39 | 2194.34 | 26.9% | 2.2% |
Profit After Tax | 6778.91 | 7435.66 | 6519.50 | -8.8% | 4.0% |
Earnings Per Share | 21.60 | 23.80 | 20.90 | -9.2% | 3.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Axis Bank Ltd is one of the leading private sector banks in India, known for offering a wide range of financial services to its customers. Its primary offerings include retail banking, corporate banking, and treasury operations. Axis Bank serves both individual consumers and businesses with products such as savings accounts, loans, credit cards, and investment products. The bank operates extensively through a network of branches and ATMs across the country. In recent years, Axis Bank has been focusing on digital transformation and enhancing its technological capabilities to improve customer service and operational efficiency.
Revenue
For Q3FY25, Axis Bank reported a total income of ₹38959.17 crores, reflecting a 10.9% increase year-over-year compared to ₹35136.83 crores in Q3FY24. However, the total income saw a slight quarter-over-quarter decline of 0.6% from ₹39203.77 crores in Q2FY25. This change indicates a stable growth trajectory over the year with a minor contraction in the most recent quarter. The bank's revenue performance is indicative of its ability to maintain a strong income base despite quarterly fluctuations.
Profitability
In Q3FY25, Axis Bank's profit before tax stood at ₹9006.76 crores, marking a 3.7% year-over-year increase from ₹8687.70 crores in Q3FY24. The quarter-over-quarter analysis reveals a 1.9% decline from ₹9177.29 crores in Q2FY25. The profit after tax was ₹6778.91 crores for Q3FY25, which was a 4.0% increase from the previous year's ₹6519.50 crores, but an 8.8% decline from ₹7435.66 crores in Q2FY25. Earnings per share for the current quarter were ₹21.60, up 3.3% year-over-year from ₹20.90, but down 9.2% from ₹23.80 in the previous quarter. These figures highlight Axis Bank's profitability trends over time, demonstrating resilience in annual growth despite quarterly challenges.
Operating Metrics
Total expenses for Axis Bank in Q3FY25 were ₹27712.43 crores, representing a 9.1% increase year-over-year from ₹25400.07 crores in Q3FY24, with a marginal quarter-over-quarter decrease of 0.1% from ₹27751.90 crores in Q2FY25. Provisions and contingencies were recorded at ₹2239.98 crores, showing a significant year-over-year rise of 113.5% from ₹1049.06 crores in Q3FY24, and a 1.5% reduction from ₹2274.58 crores in Q2FY25. The tax expense for Q3FY25 was ₹2243.66 crores, which is a 2.2% increase from the previous year and a substantial 26.9% rise from the prior quarter. These operating metrics provide a detailed view of Axis Bank's financial obligations and operational costs, illustrating their impact on overall financial performance.