Axis Bank has released its financial results for Q2 FY25, showing strong growth compared to the previous year. The 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 NII was slightly below the estimated figure of ₹13,620 crore.
These results showcase Axis Bank's robust financial position and its ability to deliver better-than-expected profits, driven by strong banking operations and improved margins