AXIS Bank reports 73% fall in Q3 net profit

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

19 Jan 2017 Evaluate

AXIS Bank has reported results for third quarter ended December 31, 2016.

The Bank has reported 73.36% fall in its net profit at Rs 579.57 crore for the quarter under review as compared to Rs 2175.30 crore for the same quarter in the previous year. However, total income of the Bank increased by 15.72% at Rs 14501.21 crore for Q3FY17 as compared Rs 12531.11 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 5.22%, as compared to 1.68% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.18% in Q3FY17.

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
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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