InvestorQ : What is the Q4 result of Axis Bank?
riya Ranade made post

What is the Q4 result of Axis Bank?

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Roshni Hegde answered.
1 year ago

Axis Bank, India's third largest private sector met the net profit of approx. ₹1,505 crore in the quarter ended March 31, 2019. The company is reportedly shown healthy growth.

In the year 2018, in the same quarter, it recorded loss of over ₹2,189 crore.
Operating profit projected a growth rate of 37% YOY, ₹5,014 crore. The total Net Interest Income also grew at 21% YOY.

If compared with the last year 2018, total net profit has increased. In F19 it stood at ₹4,677 crore which was ₹276 crore in FY18.

Compared to F18, the company dropped a record of its Net NPA to 2.06 %. Last year, It was near to 2.36 % on a QoQ basis. 

The dividend of Re 1 per equity share on a face value of Rs 2 has been recommended by the company.

(Source: Google images.)