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Highlights
- Revenue over the Year and quarter: The company experienced a substantial growth of 22.74 % in the past year, substantial increase in revenue by 4.73 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for AXIS Bank Ltd.. Profit dropped by -243.06 % Year to Year, AXIS Bank Ltd.’s profitability increased by 17.03 % in this quarter.
- EPS over the Year and quarter: EPS declined by -241.31 % Year to Year. EPS increased by 16.95 % in previous quarter. Positive impact on shareholders.
- Gross NPA % over the Year and quarter: Gross NPA decreased by -9.49 % this quarter.
- Net NPA % over the Year and quarter: Net NPA decreased by -13.89 % this quarter.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 24629.66 Cr | Rs. 28865.2 Cr | Rs. 30230.58 Cr | + 4.73 % | + 22.74 % |
Interest | Rs. 12580.38 Cr | Rs. 15942.63 Cr | Rs. 16727.24 Cr | + 4.92 % | + 32.96 % |
Expenses | Rs. 8208.8 Cr | Rs. 10506.5 Cr | Rs. 11123.99 Cr | + 5.88 % | + 35.51 % |
Financing Profit | Rs. 3840.48 Cr | Rs. 2416.07 Cr | Rs. 2379.35 Cr | -1.52 % | -38.05 % |
Financing Margin % | 15.59 % | 8.37 % | 7.87 % | -0.5 % | -7.72 % |
Other Income | Rs. 5495.89 Cr | Rs. 6271.63 Cr | Rs. 7605.52 Cr | + 21.27 % | + 38.39 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 9336.37 Cr | Rs. 8687.7 Cr | Rs. 9984.87 Cr | + 14.93 % | + 6.95 % |
Tax % | 23.75 % | 25.26 % | 23.75 % | -1.51 % | + 0 % |
Net Profit | Rs. -5333.5 Cr | Rs. 6519.5 Cr | Rs. 7630.07 Cr | + 17.03 % | + 243.06 % |
EPS in Rs | Rs. -17.43 | Rs. 21.06 | Rs. 24.63 | + 16.95 % | + 241.31 % |
Gross NPA % | 0 % | 1.58 % | 1.43 % | -0.15 % | + 1.43 % |
Net NPA % | 0 % | 0.36 % | 0.31 % | -0.05 % | + 0.31 % |
Today, we’re looking at AXIS Bank Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 22.74 %. However, it did see a marginal increase of 4.73 % from the previous quarter. Interest expenses surged remarkably by 4.92 % from the previous quarter, yet the year-over-year increase remains at a moderate 32.96 %. Expenses ticked up slightly by 5.88 % quarter-on-quarter, aligning with the annual rise of 35.51 %.
Financing profit, while down -38.05 % compared to last year, faced a quarter-on-quarter dip of -1.52 %, signaling a short-term contraction in margins. The Financing Margin % contradicts this narrative, showing weakness on an annual basis with a decrease of -7.72 %, but a shrinkage of -0.5 % sequentially. Other income rose by 21.27 % compared to the last quarter, despite an annual growth of 38.39 %. Profit before tax grew annually by 6.95 % but saw an increase from the preceding quarter by 14.93 %. Tax expenses as a percentage of profits increased slightly by 0 % compared to last year, with a more notable quarter-on-quarter decrease of -1.51 %.
Net profit rose by 243.06 % year-on-year, but experienced a 17.03 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 241.31 % but a quarterly rise of 16.95 %. The Gross NPA % indicates concerning trends with a quarterly drop of -0.15 % and an annual boost of 1.43 %, signaling robust recovery strategies and a strengthening credit environment. In contrast, the Net NPA% exposes underlying challenges, showing a quarterly decrease of -0.05 % and an annual growth of 0.31 %, signaling enhanced asset quality and stronger risk management. In summary, AXIS Bank Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 24629.66 Cr | Rs. 28865.2 Cr | Rs. 30230.58 Cr | + 4.73 % | + 22.74 % |
Interest | Rs. 12580.38 Cr | Rs. 15942.63 Cr | Rs. 16727.24 Cr | + 4.92 % | + 32.96 % |
Expenses | Rs. 8208.8 Cr | Rs. 10506.5 Cr | Rs. 11123.99 Cr | + 5.88 % | + 35.51 % |
Financing Profit | Rs. 3840.48 Cr | Rs. 2416.07 Cr | Rs. 2379.35 Cr | -1.52 % | -38.05 % |
Net Profit | Rs. -5333.5 Cr | Rs. 6519.5 Cr | Rs. 7630.07 Cr | + 17.03 % | + 243.06 % |
EPS in Rs | Rs. -17.43 | Rs. 21.06 | Rs. 24.63 | + 16.95 % | + 241.31 % |
Gross NPA % | 0 % | 1.58 % | 1.43 % | -0.15 % | + 1.43 % |
Net NPA % | 0 % | 0.36 % | 0.31 % | -0.05 % | + 0.31 % |
In reviewing AXIS Bank Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 22.74 % year-on-year growth, however, there was a minor increase of 4.73 % from the previous quarter. Interest expenses climbed by 4.92 % quarterly and sharply by 32.96 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 35.51 % compared to the previous year, with a 5.88 % increase quarter-on-quarter. Financing Profit dropped by -38.05 % annually, and saw a -1.52 % decrease from the last quarter.
Net Profit showed yearly increase of 243.06 %, and experienced a 17.03 % increase from the previous quarter. Earnings Per Share (EPS) rose by 241.31 % annually, however rose by 16.95 % compared to the last quarter. Gross NPA% decreased by -0.15 % quarterly and rose by 1.43 % annually, indicating growing challenges in asset quality. Net NPA% worsened by -0.05 % quarterly and increased by 0.31 % annually, indicating challenges in recovery and risk management strategies. In essence, while AXIS Bank Ltd. faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.