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AXIS Bank reports 18% rise in Q1 net profit

22 Jul 2014 Evaluate

AXIS Bank has reported results for first quarter ended June 30, 2014.

The bank’s net profit for the quarter rose by 18.29% at Rs 1666.76 crore as compared to Rs 1408.93 crore for the quarter ended June 30, 2013. Its total income has increased by 10.17% to Rs 9980.47 crore for the quarter under review from Rs 9059.12 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal stood at 1.34%, as compared to 1.10% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.44% in Q1FY15

Peers
Company Name CMP
HDFC Bank 728.10
ICICI Bank 1396.80
Axis Bank 1286.45
Kotak Mahindra Bank 446.00
Indusind Bank 874.00
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