Axis Bank Ltd.

Axis Bank has reported results for third quarter ended December 31, 2018.

The Bank has reported over 2-fold jump in its net profit at Rs 1,680.85 crore for the quarter under review as compared to Rs 726.44 crore for the same quarter in the previous year. Total income of the Bank increased by 26.66% at Rs 18,130.42 crore for Q3FY19 as compared Rs 14,314.63 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 5.75%, as compared to 5.28% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.36% in Q3FY19.