Axis Bank Ltd. has reported good financial results in the current quarter. On the consolidated basis, company has reported 18.93% rise and 3.17% decline in net profit compared to same quarter last year & previous quarter respectively.
Gross Interest income reported at Rs. 9,960 Cr. Grew by 15.58% and 0.24% for the quarter under review as compared to the quarter ended September, 2014 and June, 2015 respectively. Net interest income at Rs. 4,062 Cr. grew by 15.24% & 0.14% on Y-o-Y basis & Q-o-Q basis and net interest margin stood at 3.85%. Other income (majorly fee income) is 17% of total income. Core operating income (excluding earnings on sale of investments) increased by 19.67% at Rs. 3460 Cr.
Asset quality of the bank deteriorated marginally. The bank’s Gross NPA and Net NPA for the July-September quarter of the current fiscal increased to 1.38% and 0.48% as compared to 1.34% and 1.34% in the same quarter of the previous year respectively.
Proportion of CASA as on 30-Sep-2015 stood at 44%. Return on assets was 1.64%.
Latest Key Indicators of the stock are as follows:
|Key Market Indicators (Consolidated)|
|Latest Price (Rs)||469.40|
|Previous Close (Rs)||482.95|
|1 Day Price Var%||-2.81|
|1 Year Price Var%||10.25|
|52 Week High (Rs)||655.35|
|52 Week Low (Rs)||422.15|
|Face Value (Rs)||2.00|
|TTM PE (x)||14.99|
|Latest Book Value (Rs)||189.02|
|Market Cap (Rs. In Crores)||111626.47|
|EV (Rs. In Crores)||176201.13|
|Latest no. of shares (In Crores)||237.81|
Comparison of quarterly results with previous quarter (Q-o-Q) and the same quarter of last year (Y-o-Y) is below:
|Profit on Sale of Investments||168||271||646|
|Net Interest Income||4,062||3,525||15.24||4,056||0.14|
|Core Operating Profit before Prov.& Cont.*||3,460||2,892||19.67||3,446||0.43|
|Operating Profit before Prov.& Cont.||3,628||3,162||14.73||4,092||-11.34|
|Provisions and Contingencies||707||725||-2.46||1,122||-36.96|
|Profit After Tax||1,916||1,611||18.93||1,978||-3.17|
|Adj Calculated EPS (Unit.Curr.)||8.06||6.83||18.02||8.33||-3.24|
|% of Gross NPAs||1.38||1.34||2.99||1.38||0.00|
|% of Net NPAs||0.48||0.44||9.09||0.48||0.00|
|Return on Assets||1.64||1.69||-2.96||1.78||-7.87|
|Capital Adeqacy Ratio Basel III||14.37||14.84||-3.17||14.50||-0.90|
|Tier I Basel III||11.16||11.51||-3.04||11.60||-3.79|
|Tier 2 Basel III||3.21||3.33||-3.60||2.90||10.69|
|Note: Core Operating Profit before Prov.& Cont. excludes earnings from sale of investments|