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Axis Bank Q4: NPA issues decisively behind, margin and RoE improvement eyed

Axis Bank is a long-term winner and any weakness presents a buying opportunity

April 29, 2022 / 11:24 AM IST
Axis Bank Q4: NPA issues decisively behind, margin and RoE improvement eyed

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Axis Bank (CMP: Rs 780, Market cap: Rs 239,455 crore) has delivered a steady quarter with asset quality continuing to improve, loan growth picking up in its target segment, and the deposit profile remaining stable. The spike in cost, although a near-term negative, should give it the right competitive edge in terms of technological prowess. With asset quality issues largely behind, the focus incrementally should be on improving profitability – lift its interest margin which is at a discount...

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