Axis Bank shares fell nearly 5% today after the release of its Q3 FY25 financial results. While the bank reported robust YoY profit growth, mixed broker views and concerns over moderated growth and elevated credit costs appear to have impacted investor sentiment.
Key Financial Highlights:
- Net Profit: ₹6,303.77 crore, a 3.83% YoY increase.
- Total Income: ₹36,926.14 crore, up 10.15% YoY but down 0.58% QoQ.
- Net Interest Income (NII): ₹13,605.85 crore, reflecting an 8.57% YoY growth.
- Gross NPAs: ₹15,850.3 crore, GNPA ratio at 1.46% (vs 1.44% in Q2 FY25).
- Net NPAs: ₹3,774.8 crore, NNPA ratio at 0.35% (vs 0.34% in Q2 FY25).
- Deposits: ₹10,95,882.8 crore, growing 9.05% YoY.
Brokerage Ratings:
- Nuvama: ‘Buy,’ target price revised to ₹1,220 from ₹1,335.
- Citi: ‘Neutral,’ lowers target to ₹1,160.
- Jefferies: ‘Buy,’ target at ₹1,430.
- Macquarie: ‘Outperform,’ target price ₹1,440.
Despite solid profitability metrics, brokerages highlighted concerns over muted deposit growth and tighter liquidity conditions, leading to mixed market reactions.
Axis Bank Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Thu, Jan 16 2025
|
₹1,033.90
|
₹1,038.00
|
|
|
Wed, Jan 15 2025
|
₹1,043.00
|
₹1,026.80
|
-2.36%
|
|
Tue, Jan 14 2025
|
₹1,052.95
|
₹1,051.65
|
|
|
Mon, Jan 13 2025
|
₹1,026.60
|
₹1,049.30
|
|
|
Fri, Jan 10 2025
|
₹1,056.25
|
₹1,040.70
|
-1.98%
|
|
Thu, Jan 9 2025
|
₹1,079.60
|
₹1,061.75
|
-1.23%
|
|
Wed, Jan 8 2025
|
₹1,063.75
|
₹1,074.95
|
|
|
Tue, Jan 7 2025
|
₹1,064.55
|
₹1,067.50
|
|
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
