Axis Bank Ltd.
13.00 (1.00%) Axis Bank reports 13% fall in Q1 consolidated net profit
Date: 22-07-2020Axis Bank has reported results for first quarter ended June 30, 2020.
The bank has reported 18.82% fall in its net profit of Rs 1112.17 crore for the quarter under review as against Rs 1370.08 crore for the same quarter in the previous year. However, total income of the bank marginally increased to Rs 19125.57 crore for Q1FY21 as compared Rs 19123.71 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported 12.83% fall in its net profit at Rs 1099.52 crore for the quarter under review as against Rs 1261.40 crore for the same quarter in the previous year. However, total income of the bank increased by 0.27% at Rs 19461.77 crore for Q1FY21 as compared Rs 19409.09 crore for the corresponding quarter previous year.