Axis Bank shares in focus after Q2 results. Should you buy, sell or hold?
Axis Bank shares are in focus today after the private lender reported an 18% increase in standalone net profit, reaching Rs 6,918 crore, compared to Rs 5,864 crore in the same quarter of the previous financial year.
The bank’s Net Interest Income (NII) grew 9% year-on-year (YoY) to Rs 13,483 crore, while its Net Interest Margin (NIM) for Q2 FY25 stood at 3.99%.
Operating profit for the quarter grew by 24% YoY and 6% quarter-on-quarter (QoQ) to Rs 10,712 crore. Core operating profit (i.e., operating profit minus trading profit) increased by 10% YoY to Rs 9,601 crore.
Commenting on the lender's Q2 earnings, MD & CEO Amitabh Chaudhry said that Axis balanced digital prowess and advancement with physical expansion and proximity to customers during this quarter. The fourth-largest private lender opened 150 new branches in the last three months, both in urban and rural areas.
Should you buy, sell, or hold Axis Bank's stock? Here's what analysts say:
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