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Axis Bank Q1 net profit up at Rs 330.14 cr

Published on Mon, Jul 14, 2008 at 12:55 , Updated at Mon, Jul 14, 2008 at 19:15
Source : CNBC-TV18

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Axis Bank has announced its first quarter results. The company's Q1 standalone net profit was up at Rs 330.14 crore versus Rs 174.98 crore, YoY.

Its standalone NII was up at Rs 810.46 crore from Rs 446.83 crore,YoY.

Particulars Jun-08 Mar-08 Dec-07 Set-07
Interest Earned / Operating Income 2266.44 2015.43 1802.34 1676.49
Interest on Advance 1549.22 1370.09 1229.72 1133.43
Income on Investment 652.84 592.73 534.94 508.64
Interest on Balances 50.75 37.56 27.37 23.35
Others Interests 13.63 15.05 10.31 11.07
Other Income 624.8 556.47 487.9 382.88
Total Income 2891.24 2571.9 2290.24 2059.37
Interest Expended -1455.98 -1187 -1055 -1087.82
Operating Expenses -632.94 -662.06 -562.96 -508.69
Payment/Provisions for Employees -213.68 -184.45 -173.48 -164.42
Other Operating Expenses -419.26 -477.61 -389.48 -344.27
Total Expenditure for Banks -2088.92 -1849.06 -1617.96 -1596.51
Profit before Tax 802.32 722.84 672.28 462.86
Tax -175.45 -197.22 -165.4 -120.58
Provisions and Contingencies -296.73 -164.22 -200.05 -114.46
Net Profit 330.14 361.4 306.83 227.82
Equity Capital 358.56 357.71 357.37 356.51

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Sensex down 800 pts 0n Oct11

CRR cut is only 150 BP and not 200 BP. Further this will ease the liquidity problem with Banks. ...

in Axis Bank - vkk43 at 12-Oct-08 05:44

Axis Bank Q2 PAT seen at Rs 329.5 cr: Religare

One of the best pedigree private banks. Not like the hype driven ICICI Bank. A bank lead by a no-nonsensical lead...

in Axis Bank - satish_kc at 11-Oct-08 02:27

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