Axis Bank Share Q3 Results

Axis Bank Ltd

by 5paisa Research Team Last Updated: Dec 11, 2022 - 01:09 pm 39k Views

Axis Bank saw a sharp 3-fold rise in profits for the Dec-21 quarter largely on the back of lower provisioning for loan losses in the quarter. However, the bigger narrative for Axis Bank was that it had seen all-round growth across various verticals like treasury, retail banking and corporate banking.

Axis Bank Financials Numbers

Rs in Crore






Total Income

₹ 22,091

₹ 18,991


₹ 20,967


Operating Profit

₹ 6,665

₹ 5,563


₹ 6,304


Net Profit

₹ 3,957

₹ 1,318


₹ 3,388


Diluted EPS

₹ 12.86

₹ 4.30


₹ 11.02


Operating Margins






Net Margins






Gross NPA Ratio






Net NPA Ratio






Return on Assets (Ann)






Capital Adequacy







For the Dec-21 quarter, India’s third largest private sector bank, Axis Bank, reported 16.32% rise in total revenues on a YoY basis at Rs.22,091 crore. In terms of top line revenues various verticals, Axis Bank saw all round growth across treasury, wholesale banking and retail banking. Revenues of Axis Bank were up 5.36% on a sequential basis, showing that short term momentum and long term growth were favouring Axis Bank in Q3.

Operating profits saw a spike in profits in the corporate banking and treasury vertical. On the other hand, the retail banking vertical turned around from operating losses to operating profits on reduced asset quality stress. The provisions for doubtful assets in the Dec-21 quarter at Rs.1,363 crore was 64% lower and made a big difference to profit growth. Operating margin expanded from a level of 29.29% in Dec-20 to 30.17% in Dec-21 quarter.

If you look at the operating profits reported overall, it was up 19.80% at Rs.6,665 crore on a YoY basis. The all-important Net interest income or NII rallied by 17% YoY and 10% sequentially to Rs.8,653 crore. Spread captured by the Net interest margins or NIM improved 14 bps sequentially to 3.53%. The NIMs are improving but now overall NIMs are still about 50 bps lower compared to ICICI Bank and HDFC Bank.

The non-interest income also added substantially to the revenue growth traction of Axis Bank. Fee income grew 15% YoY at Rs.3,344 crore while retail fees grew 16% YoY and retail card fees grew 21%. Non-interest income was up 31% YoY at Rs.3,840 crore. But the biggest boost to the bottom line actually came from the loan loss provisions narrowing from Rs.3,779 Cr to Rs.1,363 Cr in the Dec-21 quarter on a YoY basis.

Net profits for the Dec-21 quarter were up by 200% at Rs.3,957 crore and this positive performance was triggered by better interest spreads, higher non-interest income and lower provisioning for doubtful debts. That is the summary of Axis Bank in Q3. As a result, net profit margins improved from 6.94% to 17.91% in the same period. Gross NPAs at 3.17% are well under check and net NPAs of 0.91% indicate losses largely provisioned for.

Also Read:-

ICICI Bank Share Q3 Results

HDFC Bank Quarterly Results

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 06, 2023
Infollion Research IPO GMP (Grey Market Premium)

Infollion Research Services IPO worth Rs.21.45 crore, comprises of a fresh issue and an offer for sale (OFS) by promoters and early shareholders. The price band has been fixed in the range of Rs80 to Rs82.

  • Jun 06, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number