Axis Bank Ltd.
13.00 (1.00%) Axis Bank reports 30% fall in Q3 consolidated net profit
Date: 28-01-2021Axis Bank has reported results for third quarter ended December 31, 2020.
The bank has reported a fall of 36.45% in its net profit at Rs 1,116.60 crore for the quarter under review as compared to Rs 1,757 crore for the same quarter in the previous year. Total income of the bank decreased by 1.13% at Rs 19,274.39 crore for Q3FY21 as compared Rs 19,494.87 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a fall of 29.74% in its net profit of Rs 1,317.91 crore for the quarter under review as compared to Rs 1,875.72 crore for the same quarter in the previous year. Total income of the bank decreased by 0.33% at Rs 19,910.93 crore for Q3FY21 as compared Rs 19,975.99 crore for the corresponding quarter previous year.