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Axis Bank reports marginal fall in Q4 net profit

27 Apr 2016 Evaluate

Axis Bank has reported result for the fourth quarter and year ended March 31, 2016.

The bank has posted a marginal fall of 1.21% in its net profit at Rs 2154.28 crore for the quarter ended March 31, 2016 as compared to Rs 2180.59 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.76% at Rs 13592.97 crore for quarter under review as compared to Rs 12384.39 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the bank has reported a rise of 11.77% in its net profit at Rs 8223.66 crore as compared to Rs 7357.82 crore for the same period in the previous year. Total income of the bank has surged by 14.86% at Rs 50359.50 crore for year under review as compared to Rs 43843.64 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the bank has posted rise of 12.07% in its net profit at Rs 8346.67 crore as compared to Rs 7447.90 crore for the same period in the previous year. Total income of bank has increased by 15.26% at Rs 51364.23 crore for year under review as compared to Rs 44565.57 crore for the period ended March 31, 2015.

Axis Bank Share Price

1269.40 -22.95 (-1.78%)
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Peers
Company Name CMP
HDFC Bank 781.20
ICICI Bank 1264.80
Axis Bank 1269.40
Kotak Mahindra Bank 380.75
Indusind Bank 949.85
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