Axis Bank refrained from providing specific growth guidance for deposits or advances, citing the volatile external environment with numerous variables shifting daily.
In its Q4 FY25 earnings call, MD and CEO Amitabh Chaudhry said, while we are confident in terms of growth and profitability as these metrics are better than what they were at the end of the third quarter, we do not give any guidance on growth either on deposits or on the advances side.
“We are reaching a stage in the cycle where the operating environment is improving, which should help us drive both growth and profitability,” he added.
Axis Bank on April 24 reported a 0.20 percent year-on-year decline in its standalone net profit to Rs 7,117.50 crore for the March quarter (Q4) of the last financial year (FY25). In the same quarter last year, the company's profit stood at Rs 7,129.67 crore.
Total interest earned during the quarter rose 6.90 percent year-on-year to Rs 31,242.51 crore from Rs 29,224.54 crore in the corresponding quarter of the previous financial year.
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