Axis Bank’s revenue rose 91% to Rs 412.5 billion on solid net investment growth.
Bank’s net interest margin (NIM) was 3.6 percent from April to June, down from 3.46 percent in the same period last year and 3.49 percent in the previous quarter.
AXIX
Axis Bank Q1 Analysis: Why Shares Fall 3.5% Despite 91% Revenue Growth
Shares of Axis Bank fell 3.5 percent to Rs 702 in intraday trade on the BSE on Tuesday as investors rallied after a weak June ( Q1 FY23).
Goldman Sachs valuation: Axis Bank, HDFC, Box Bank up
Indian currencies have been the market’s worst performers so far this year, falling more than 35 percent compared to the benchmark’s 18 percent decline.
Axis Bank Q1 profit: Profit up 91% YoY to Rs 4,125 crore,
New Delhi: Axis Bank NSE 0.96% on Monday reported a net income of Rs 4,125.26 crore in the June quarter, up 91% from Rs 2,160.15 crore in the same period last year.