Q4FY22 Result Update - Axis Bank - ICICI Direct

Axis Bank reported a good operating performance.

- NII up 17% YoY and 2% QoQ, NIMs down 4 bps QoQ to 3.49%

- Provisions down 26% QoQ, PAT up 54% YoY Rs. 4118 crore

- Loan growth at 15% YoY to Rs. 7.07 lakh crore. Retail book up 21% YoY

- GNPA down 88 bps QoQ to 2.82%. R/s book was at 0.52%

Key triggers for future price performance

- Cumulative provisions of 132% of GNPA provide comfort on asset quality and earnings

- Strong capitalisation levels (CRAR at 18.5%, Tier-1 at 16.3%) in place to support future growth

- Fund raising for CITI acquisition possible as time arrives

For details, click on the link below: Link to the report

Shares of Axis Bank Limited was last trading in BSE at Rs. 728.70 as compared to the previous close of Rs. 779.95. The total number of shares traded during the day was 987355 in over 35723 trades.

The stock hit an intraday high of Rs. 769.00 and intraday low of 725.00. The net turnover during the day was Rs. 733293637.00.

Source : Equity Bulls

Keywords

AxisBank INE238A01034 Q4FY22 ResultUpdate ICICIDirect