Axis Bank on April 24 reported a standalone net profit of Rs 7,118 crore in Q4FY25, marginally lower than Rs 7,130 crore in the corresponding quarter last year. However, the private lender beat estimates due to higher core lending income.
The Mumbai-based lender's total income rose 6 percent to Rs 38,022 crore in Q4FY25 as against Rs 35,990 crore in Q4FY24.
According to Moneycontrol's poll, Axis Bank’s profit-after-tax (PAT) was pegged 6% year-on-year lower at Rs 6,710 crore.
On April 24, Axis Bank’s shares closed at Rs 1,208.5 apiece on the NSE, 0.13 percent higher.
The lender declared dividend of Re 1 for the year ended March 31, 2025.
The private lender’s standalone interest earned rose 6.9 percent year‑on‑year to Rs 31,242.51 crore in Q4 FY25, up from Rs 29,224.54 crore in Q4 FY24, driven by a 5.3 percent growth in interest on advances to Rs 24,579.59 crore and a 14.1 percent jump in investment income to Rs 6,095 crore.
Consolidated interest earned climbed 7.4 percent to Rs 32,452.32, with advances income up to Rs 25,709.
Standalone total income (net interest income plus other income) grew 5.7 percent to Rs 38,022.03, aided by a 0.2 percent uptick in other income to Rs 6,779.52.
Operating expenses rose more modestly with standalone operating expenses increased 5.6 percent to Rs 9,837.69 crore, while consolidated operating expenses increased 4.6 percent to Rs 10,392.28 crore.
Consequently, standalone operating profit (before provisions) edged up 2 percent to Rs 10,752.37 crore, and consolidated operating profit rose 2.1 percent to Rs 11,445.05 crore.
Net interest income - the difference between interest earned on loans and paid on deposits - rose 5.5% to Rs 13,811 crore.
Provisions and contingencies, or funds kept aside for potential bad loans, rose 14% year-on-year to Rs 1,359 crore, but fell 37% from a quarter ago.
Gross non‑performing assets (NPAs) fell to 1.28 percent of advances from 1.43 percent a year earlier; net NPAs were down to 0.33 percent from 0.35 percent.
Consolidated net provisions similarly eased to Rs 1,550.28 crore from Rs 2,239.98 crore.
For the full year FY25, standalone net profit grew 6.1 percent to Rs 26,373.48 crore, on total income of Rs 1,47,934.10 crore and operating profit of Rs 42,104.93 crore.
Consolidated net profit for FY25 was Rs 28,055.11 crore, up 6.3% from FY24’s Rs 26,386.20 crore, on total income of Rs 1,55,916.86 crore and operating profit of Rs 44,888.51 crore.
Axis Bank maintained a strong capital adequacy ratio of 17.07 percent (Basel III) and a return on assets of 1.74 percent for the full year.
Earnings per share (EPS) for FY25 stood at Rs 85.28 (basic, standalone), compared to Rs 80.67 in FY24.
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