Axis Bank reported Q3 Results on January 23, 2023. Net profit of Rs.5,853 crores rose 62% YoY, beats the ET Now poll estimates.

Axis Bank reported a Net Interest Income of Rs.11,459 crores rose 32% YoY. It was Rs.8,653 crores in Q3 last year. 

Bank reported its NIM of 4.26% for Q3FY23 up by 73 bps YoY. It was 3.53% for Q3FY22.

Bank reported a Net profit of Rs.5,853 crores rose 62% YoY, beats the ET Now poll estimates. It was Rs.3,614 crores in Q3 last year. 

Bank reported Operating profit Rs.8,850 crores up 53% YoY. It was Rs.5,795 crores in Q3 last year. 

Axis Bank reported CASA Deposits grew by 10% YoY from 3,44,878 crores to 3,77,713 crores on Q3FY23. 

Bank reported provisions of Rs.16,131 crores down 4% YoY. It was Rs.16,788 crores in Q3 last year. 

Bank reported Gross NPA of 2.38% was 2.50% QoQ and 3.17% YoY. Net NPA of 0.47% was 0.51% QoQ and 0.91% YoY.

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