Axis Bank532215Banking
Axis Bank reports mixed but overall positive quarter with robust NII growth and sharply lower provisions; brokerages hike target prices
By ScoutQuest · · 1 min read
- NII growth YoY
- 11.8 percent
- NII growth QoQ
- 4.95 percent
- Return on assets
- 1.38 percent
- PPOP
- 11,083 crore rupees
- Provisions decline QoQ
- 31 percent
Heard on business television between 08:21:50 - 08:24:50 IST.
- Thumbs up on balance but mixed set; NII growth robust at 11.8% YoY, 4.95% QoQ
- Return on assets down to 1.38% from 1.51% YoY but up 15bps sequentially
- PPOP at 11,083 crore rupees, up 6.4% YoY, down 5% sequentially due to higher OPEX
- Provisions down 31% sequentially; NIM at 3.36%, down 10bps QoQ and 37bps YoY, with FCNR impact of 11bps; ex-FCNR NIM at 3.47%
- CASA mix worsened to 36%, retail mix increased to 34% vs management target of 55%; core operating profit up 11%, slippages down 14% sequentially
- JPMorgan upgraded to overweight with target hiked to 1,620 from 1,590 citing PAT beat and healthy growth momentum; Kotak Securities maintained buy with target 1,600 citing gradual recovery but constrained valuation upside near HDFC Bank's multiple
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Source: Live TV News Channel · 19 Oct 2026
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