Private The net profit of Axis Bank of the sector was reduced to Rs 7,117.5 crore in the January-March quarter of the previous financial year (2024-25). The net profit of the bank was Rs 7,129.67 crore in the same quarter of FY 2023-24. Axis Bank on Thursday reported that its total income increased to Rs 38,022 crore in the fourth quarter of FY 2024-25, which was Rs 35,990 crore in the same quarter of FY 2023-24.
Improvement in NPA
The bank’s gross non-performing asset (NPA) improved to 1.28 percent in the quarter under review, which was 1.43 percent in the same quarter a year ago. However, the net NPA increased to 0.33 percent in the fourth quarter of FY 2024-25, which was 0.31 percent in the same quarter last year. The net profit of the bank increased to Rs 26,373 crore in the entire financial year 2024-25, which was Rs 24,861 crore in 2023-24. In addition, the total income of the bank increased to Rs 1,47,934 crore in 2024-25, which was Rs 1,31,810 crore in FY 2023-24.
There will be help in increasing growth
Axis Bank Managing Director (MD) and Chief Executive Officer (CEO) Amitabh Chaudhary said, “As we are growing in the current financial year (2025-26), we believe that the operating environment is improving, which will help us further increase both growth and profits.” The Board of Directors has recommended a dividend of one rupee per share for the last financial year. However, for this, the approval of shareholders in the next annual general meeting (AGM) will be required.
Share condition
Axis Bank’s stock closed on Thursday. The bank’s stock closed at Rs 1207.30 with a gain of 0.07 per cent or 0.80 on the Bombay Stock Exchange. The 52 week high of this stock is Rs 1339.55. At the same time, 52 weeks are Rs 934. The company’s market cap is Rs 3,73,983.71 crore.
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