Axis Bank releases Consolidated Quarterly Results for March 31, 2023. Axis Bank has announced an increase in total income from Rs. 28083.94 Crores as of December 31, 2022, to Rs. 30125.55 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 6187.38 Crores as of December 31, 2022, to Rs. -5361.85 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 19.88 on December 31, 2022, to Rs. -17.43 on March 31, 2023, according to the company’s statement.
Axis Bank Quarterly Results (Q4 FY2023) – Quarter-over-Quarter Comparison:
Total income of the company is Rs. 30125.55 Crores (March 31, 2023) vs. Rs. 28083.94 Crores (December 31, 2022)
Net profit/loss: Rs. -5361.85 Crores (March 31, 2023) vs. Rs. 6187.38 Crores (December 31, 2022)
EPS: Rs. -17.43 (March 31, 2023) vs. Rs. 19.88 (December 31, 2022)
| Financials | Q4 FY2023 | Q3 FY2023 | % Change |
| Total Income | ₹ 30125.55 Cr | ₹ 28083.94 Cr | ⬆ 7.27% |
| Net Profit | ₹ -5361.85 Cr | ₹ 6187.38 Cr | ⬇ -186.66% |
| EPS | ₹ -17.43 | ₹ 19.88 | ⬇ -187.68% |
Axis Bank Quarterly Results (Q4 FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 30125.55 Crores (March 31, 2023) vs. Rs. 23000.69 Crores (March 31, 2022)
Net profit/loss: Rs. -5361.85 Crores (March 31, 2023) vs. Rs. 4417.73 Crores (March 31, 2022)
EPS: Rs. -17.43 (March 31, 2023) vs. Rs. 14.36 (March 31, 2022)
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹ 30125.55 Cr | ₹ 23000.69 Cr | ⬆ 30.98% |
| Net Profit | ₹ -5361.85 Cr | ₹ 4417.73 Cr | ⬇ -221.37% |
| EPS | ₹ -17.43 | ₹ 14.36 | ⬇ -221.38% |
Axis Bank Quarterly Results (Year Ended FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 106154.75 Crores (March 31, 2023) vs. Rs. 86114.19 Crores (March 31, 2022)
Net profit/loss: Rs. Crores 10818.45 (March 31, 2023) vs. Rs. 14119.29 Crores (March 31, 2022)
EPS: Rs. 35.04 (March 31, 2023) vs. Rs. 45.91 (March 31, 2022)
| Financials | 12 Months Ended FY2023 | 12 Months Ended FY2022 | % Change |
| Total Income | ₹ 106154.75 Cr | ₹ 86114.19 Cr | ⬆ 23.27% |
| Net Profit | ₹ 10818.45 Cr | ₹ 14119.29 Cr | ⬇ -23.38% |
| EPS | ₹ 35.04 | ₹ 45.91 | ⬇ -23.68% |
| Asset Quality | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 |
| Gross NPA | ₹ 18604.23 Cr | ₹ 19961.02 Cr | ₹ 21822.32 Cr |
| Gross NPA % | 2.02 | 2.38% | 2.82% |
| Net NPA | ₹ 3558.92 Cr | ₹ 3830.10 Cr | ₹5512.16 Cr |
| Net NPA % | 0.39% | 0.47% | 0.73% |
The gross NPA of Axis Bank was ₹ 18604.23 Crorse in Q4 FY2023, down from ₹ 21822.32 Crorse in Q3 FY2022 and ₹ 19961.02 Crorse in Q3 FY2023.
Net NPA was ₹ 3558.92 Crorse in Q4 FY2022, a decrease from ₹ 5512.16 Crorse in Q3 FY2022 and ₹ 3830.10 Crorse in Q3 FY2023.
As of March 31, 2023, GNPA was 2.47% of Gross advances, compared to 3.94% on March 31, 2022, and 2.94% on December 31, 2022.
As of March 31, 2023, Net NPA was 0.39% of Gross advances, a decrease from 0.97% on March 31, 2022, and 0.47% on December 31, 2022.
| Ratios | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 |
| RoA % | -1.83%% | 1.92% | 1.46% |
| CAR (BASEL III) % | 18.14% | 17.53% | 18.54% |
Axis Bank Q4 FY2023 Return on Average Assets (RoA) was 1.92%, up from 1.31% in Q3 FY2023 and 0.65% in Q3 FY2022.
In Q4 FY2023, the Bank’s Capital Adequacy Ratio (CAR) was 17.64%, down from 17.60% in Q3 FY2023 and 18.54% in Q4 FY2022.
Axis Bank Share Dividend Announcement / Record Date:
The dividend’s record date has not yet come
About Axis Bank:
Headquartered in Mumbai, Maharashtra, Axis Bank Limited, previously known as UTI Bank, is a banking and financial services company operating in India. It offers financial services to a wide range of clients, including large and mid-size companies, SMEs, and retail businesses. The promoters and promoter group hold 30.81% shares of the company as of 30th June 2016.
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