AXISBANK · Financial Services
Axis Bank Ltd. reported total income of ₹27,418 cr for July to September 2023, — on the year and +4.5% on the quarter.
Net profit was ₹6,230 cr, — on the year and +1.9% on the quarter, with earnings per share of ₹20.13.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Swing to loss or profit, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹27,418 cr | ₹28,865 cr | ₹30,231 cr | ₹31,159 cr | ₹31,601 cr | ₹32,162 cr | ₹32,452 cr | ₹32,348 cr | ₹32,310 cr | ₹33,709 cr | ₹34,171 cr | ₹35,542 cr |
| YoY | — | — | — | +19% | +15% | +11% | +7% | +4% | +2% | +5% | +5% | +10% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 25% | 24% | 25% | 19% | 25% | 24% | 23% | 26% | 25% | −5% | 25% |
| Net profit | ₹6,230 cr | ₹6,520 cr | ₹7,630 cr | ₹6,467 cr | ₹7,436 cr | ₹6,779 cr | ₹7,509 cr | ₹6,279 cr | ₹5,567 cr | ₹7,060 cr | ₹7,642 cr | ₹7,670 cr |
| YoY | — | — | — | +6% | +19% | +4% | −2% | −3% | −25% | +4% | +2% | +22% |
| EPS | ₹20.13 | ₹21.05 | ₹24.62 | ₹20.83 | ₹23.93 | ₹21.78 | ₹24.13 | ₹20.13 | ₹17.82 | ₹22.58 | ₹24.46 | ₹24.54 |
| Flags | · | · | · | · | · | · | · | · | · | · | 1 | · |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Axis Bank Ltd. reported total income of ₹27,418 cr (— on the year) and net profit of ₹6,230 cr (— on the year) for July to September 2023.
None of the 1 checks that could run raised a question.
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