Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 278591.10 Crore).
Axis Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 28083.94 Crore, up 11.18 % from last quarter Total Income of Rs 25258.80 Crore and up 27.13 % from last year same quarter Total Income of Rs 22091.19 Crore. The bank has reported net profit after tax of Rs 6187.38 Crore in latest quarter.
Investment Rationale
Going forward, given moderate balance sheet expansion (3% QoQ / 10% YoY), the brokerage believes Axis needs to accelerate its retail TD engine to support asset growth with the C/D ratio now at 90%. Also, sustained efforts are needed to drive ‘cost to assets’ below 2% in the medium term. NIMs settling much higher than the steady-state guidance and growth in focused segments would sustain current earnings trajectory.
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Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price