Axis Bank Q3 FY25 Results: NII rises 8.57% YoY to Rs 13,605.85 crore

Axis Bank reported a robust performance in its unaudited financial results for the quarter ended December 31, 2024, with Net Interest Income (NII) growing by 8.57% year-on-year (YoY). The NII for Q3FY24 stood at ₹13,605.85 crore, compared to ₹12,532.15 crore in the same period last year.

Key Highlights:

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  1. Interest Income:
    • The bank’s interest earned increased to ₹30,953.94 crore for Q3FY24, a significant rise from ₹27,961.14 crore in Q3FY23.
  2. Interest Expenses:
    • Interest expended also grew to ₹17,348.09 crore in Q3FY24, up from ₹15,428.99 crore in Q3FY23.
  3. Net Interest Income (NII):
    • NII, calculated as the difference between interest earned and interest expended, stood at ₹13,605.85 crore in Q3FY24, showcasing an 8.57% YoY growth.

The increase in NII reflects Axis Bank’s ability to manage interest income growth effectively while maintaining a steady control over interest expenses. This growth underscores the bank’s strong operational performance in the competitive banking sector.