Axis Bank Q3 Results: PAT jumps 4% YoY to Rs 6,304 crore, misses estimates
Axis Bank on Thursday reported a consolidated net profit growth of 3.8% for the quarter ended December 31, 2024, to Rs 6,304 crore versus Rs 6,071 crore posted in the year-ago period. It was below ET Now poll estimates of Rs 6,434 crore.
Axis Bank earned interest income of Rs 30,954 in Q3FY25, witnessing an 11% gain over Rs 27,961 crore posted in the year-ago period.
Meanwhile, it paid Rs 17,348 crore as interest in the reported quarter, up 12% over Rs 15,429 crore paid in the year-ago period.
On a sequential basis, the profit after tax (PAT) was lower by 9% over Rs 6,918 crore in Q2FY25.
Management Take
Commenting on Axis Bank's earnings, MD & CEO Amitabh Chaudhry said the bank closed 2024 on a high, firming up its businesses, capabilities and presence across the length and breadth of the country with hundreds of new bank branches.
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