Axis Bank Limited Q1 results show revenue rise from 30018.03 to 31894.20 crores, a 6.25% increase in growth. EPS also rise from Rs.-17.43 to Rs.19.70, up by 213.02%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Axis Bank shared its Q1 results on Wednesday. They earned 31894.20 crores in revenue this quarter, but that’s more than the 30018.03 crores they made last quarter. The bank’s growth increased by 6.25 percent when comparing the two quarters.
In terms of profits, Axis Bank’s PAT (Profit After Tax) for this quarter was 6091.35 crores, up from -5361.85 crores in the previous quarter. Their quarter-to-quarter growth inclined by 213.61 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.19.70, which is an increase of 213.02% from the Rs.-17.43 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 0.41% this quarter from 0.39% in the previous quarter, resulting in a 2 basis point decrease in the bank’s net NPA.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The bank made a total revenue of 31894.20 crores this year (2023), which is 41.03 percent higher than last year’s total revenue of 22615.88 crores.
This Year’s PAT (Profit After Tax) is 6091.35 crores, which is also 39.05% higher than last year’s PAT of 4380.59 crores.
The EPS (Earnings Per Share) for this year is 19.70 crores, which is 38.44% more than the EPS of 14.23 crores earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 1.96% this year from 2.76% in the previous year, resulting in a decrease of 80 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 0.41% this year from 0.64% in the previous year, resulting in a 23 basis point decrease in the bank’s net NPA.
The CAR (capital adequacy ratio) of the bank increased to 17.08 percent this year from 17.28 percent in the previous year.
The ROA (return on assets) of the bank increased to 1.80 percent in this quarter from 1.44 percent in the previous year.
Axis Bank Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Axis Bank:
Axis Bank Limited offers a comprehensive range of banking services across India. Its diverse activities encompass retail banking, investment management, merchant banking, treasury and NRI services, cash and credit management services, as well as providing ATM facilities.
Download the Full PDF of Axis Bank Q1 Results: Click Here
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