AXIS Bank reports 18% rise in Q2 net profit

Axis Bank Ltd. | Bank - Private | BFSI | BSE: 532215 | NSE: AXISBANK

20 Oct 2014 Evaluate

AXIS Bank has reported results for second quarter ended September 30, 2014.

The bank has posted a rise of 18.23% in its net profit at Rs 1610.71 crore for the quarter ended September 30, 2014 as compared to Rs 1362.31 crore for the same quarter in the previous year. Total income has increased by 12.53% at Rs 10549.97 crore for quarter under review as compared to Rs 9375.08 crore for the quarter ended September 30, 2013.

Gross non-performing assets (NPAs) increased to 1.34% in the July-September quarter as against 1.19% in the same quarter previous year while net NPAs increased to 0.44%.

Peers

Company Name	CMP
HDFC Bank	735.80
ICICI Bank	1326.50
Axis Bank	1220.00
Kotak Mahindra Bank	403.40
Indusind Bank	912.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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