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India's Axis Bank tumbles on profit miss, asset quality woes
By Ashna Teresa Britto and Siddhi Nayak (Reuters) -Shares of Axis Bank fell to a 14-month low on Friday, a day after the lender missed profit estimates on slower loan growth, higher bad loan provisions,
Axis Bank's shares tumble nearly 5% following weak earnings in Q3FY25
Axis Bank's shares fell nearly 5 per cent on Friday, closing at Rs 991.25, after the private sector lender reported weak financial results for the quarter ending December 2024 (Q3FY25). The results highlighted the bank's slippages and credit costs reaching multi-quarter highs, while its growth and margins were at multi-quarter lows.
Higher provisions, slower loan growth hurt Axis Bank’s Q3 profit
Gross slippages for the December quarter rose 22% sequentially and 46% annually to ₹5,432 crore, the bank said in statement detailing its quarterly results. Slippages to the tune of ₹4,923 crore were from the retail book,
India's Axis Bank slips as Q3 profit misses market view
Shares of India's Axis Bank fell 3.7% on Friday, a day after the lender posted a smaller-than-expected quarterly profit increase, weighed down by slower loan growth and higher provisions set aside for potential bad loans.
9h
Axis Bank underperforms Friday when compared to competitors
Axis Bank Ltd. 532215 shares slipped 4.71% to 991.25 Indian rupees Friday, on what proved to be an all-around dismal trading ...
14h
on MSN
Infosys, Axis Bank drag down Indian benchmarks, outweighing Reliance's gains
India's benchmark indexes fell on Friday, dragged down by a drop in IT company Infosys and private lender Axis Bank after ...
14h
Axis Bank Q3 Results Review: Earnings miss estimates; brokerages slash targets
Axis Bank Q3FY25 results miss estimates as net profit rises three-point eight three percent YoY. Slower credit, deposit ...
16h
Axis Bank Q3: Brokerages cut target prices, expect credit, deposit growth to slow
Brokerages rushed to cut their target price on Axis Bank shares following its Q3 results, amid higher slippages and tight ...
9h
Axis Bank Share Price Live Updates: Axis Bank's Current Market Position
Welcome to the Axis Bank Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a ...
cnbctv18
15h
Axis Bank shares fall 6% after multiple price target cuts on weak Q3 results
Out of the 49 analysts who have coverage on Axis Bank, 40 of them have a "buy" rating, while the other nine have a "hold".
India Today on MSN
13h
Axis Bank shares drop 6% to hit 52-week low. Should you buy?
The stock closed at Rs 1,040.20 in the previous session, opened at Rs 1,006.95 on Friday and slid further to Rs 974.45 on the ...
15h
on MSN
Axis Bank shares dip 4% after Q3 earnings miss estimates. Should you buy, sell, or hold?
Axis Bank reported a 3.8% increase in consolidated net profit for Q3 FY25. The net interest income grew by 9%, and operating ...
cnbctv18
1d
Axis Bank Q3 results highlights: Net profit in-line with expectations; asset quality stable
For Axis Bank, the Net Interest Income (NII) is projected to grow by 10% year-on-year (YoY), while Profit After Tax (PAT) is ...
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