Axis Bank share price rises 5% buoyed by healthy Q4 numbers
₹7,130 crore for Q4FY24 against a loss of ₹5,728.4 crore in the corresponding quarter last financial year. Axis Bank share price opened at ₹1,098.30 against its previous close of ₹1,063.70 and soon rose as much as 5.2 per cent to the level of ₹1,119 on BSE. Around 9:40 am, Axis Bank share price traded 4.90 per cent higher at ₹1,115.85 apiece.
Equity benchmark Sensex was 0.06 per cent down at 73,811.93 at that time. After market hours on April 24, Axis Bank reported a net profit of ₹7,130 crore for Q4FY24. In the same quarter last year, the bank incurred a loss of ₹5,728.4 crore.
Axis Bank's net interest income (NII), the difference between interest earned and paid, rose 11.5 per cent year-on-year (YoY) to ₹13,089 crore against ₹11,742 crore in the year-ago period. Also Read: Axis Bank Q4 Results: Net profit at ₹7,130 crore, NII rises 11.5% YoY, dividend declared; 5 key highlights Over the past year up to April 24, 2024, Axis Bank's share price has marked a gain of approximately 21 per cent, outperforming the BSE Bankex index, which saw a more modest increase of 13 per cent. However, in comparison to the benchmark index Sensex, Axis Bank's share price growth falls slightly short, with the key index registering a higher surge of 23 per cent during the same period.
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