Axis Bank Ltd.

Axis Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The bank has reported net loss at Rs 5728.42 crore for the quarter under review as against net profit of Rs 4117.77 crore for the same quarter in the previous year. However, total income of the bank increased by 31.21% at Rs 28865.08 crore for Q4FY23 as compared to Rs 21999.58 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported net loss at Rs 5371.18 crore for fourth quarter ended March 31, 2023 as against net profit of Rs 4434.00 crore for the same quarter in the previous year. However, total income of the bank increased by 30.98% at Rs 30125.55 crore for Q4FY23 as compared to Rs 23000.69 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the bank has reported fall of 26.45% in its net profit at Rs 9579.68 crore as compared to Rs 13025.48 crore for the previous year. However, total income of the bank increased by 23.08% at Rs 101664.64 crore for year under review as compared to Rs 82597.37 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the bank has reported 23.38% fall in its net profit at Rs 10852.66 crore as compared to Rs 14164.35 crore for the previous year. However, total income of the bank increased by 23.27% at Rs 106154.75 crore for year under review as compared to Rs 86114.19 crore for year ended March 31, 2022.