Axis Bank has reported results for the fourth quarter and year ended March 31, 2019.
The Bank has reported net profit of Rs 1505.06 crore for the quarter ended March 31, 2019, against net loss of Rs 2188.74 crore for the same quarter in the previous year. Total income of the bank increased by 25.86% at Rs 18,324.31 crore for the quarter under review as compared Rs 14,559.85 crore for the quarter ended March 31, 2018.
For the year ended March 31, 2019, the bank has reported many fold jump in its net profit at Rs 4,676.61 crore as compared to Rs 275.68 crore for the same period in the previous year. Total income of bank increased by 20.03% at Rs 68,116.11 crore for year under review as compared to Rs 56,747.40 crore for the period ended March 31, 2018.
