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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,
Indian lender Axis Bank misses Q3 profit view as higher provisions weigh
India's Axis Bank reported a smaller-than-expected rise in third-quarter profit on Thursday, as it set aside more funds for potential bad loans amid a slight deterioration in asset quality. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes earnings of its subsidiaries - rose 4% to 63.
4h
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 ...
9h
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 ...
9h
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 ...
4h
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
10h
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".
11h
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 ...
10h
on MSN
Axis Bank shares in focus 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 ...
India Today on MSN
8h
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 ...
32m
on MSN
Stocks to Watch: RIL, Infosys, Axis Bank, Metro Brands, LTIMindtree, and more
Here’s a quick look at stocks likely to be in focus in today's trade. Reliance Industries: Reliance Industries reported a 7.4 ...
2d
Axis Bank shares slip to lowest level in 14 months as 44 lakh shares exchanged in block deal
At 3.20 pm, shares of Axis Bank were quoting Rs 1,025.5 apiece, down 2.5 percent on the NSE. Shares hit their lowest level in ...
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