Axis Bank has released its financial results for Q2 FY25, showing strong growth compared to the previous year. Key highlights from the report include:
Net Profit:
The bank's net profit surged to ₹6,918 crore, marking a significant increase from ₹5,863 crore in Q2 FY24. It also surpassed the market estimate of ₹6,300 crore.
Net Interest Income (NII):
Axis Bank recorded a healthy NII of ₹13,483 crore for Q2 FY25, an improvement from ₹12,314 crore in the same quarter of the previous fiscal year. However, the actual Net Interest Income (NII) was slightly lower than the estimated ₹13,620 crore.
Bottom Line:
Theses results highlight Axis Bank's strong financial position and its ability to exceed profit expectations, supported by solid banking operations and improved margins.
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Axis Bank Q1 FY25- Financial Results