Axis Bank Share Price Touches 52-Week Low; Operating Profit Grows 15% in Q3FY25 Results

Axis Bank Limited announced its financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 17, 2025, Axis Bank share price (NSE: AXISBANK) opened at ₹1,000.00, down from its previous close of ₹1,038.00. At 10:12 AM, the share price of Axis Bank was trading at ₹983.75, down by 5.23% on the NSE. Notably, the stock price touched its 52-week low today at ₹982.30.

Q3 FY25 Financial Highlights

For Q3 FY25, Axis Bank registered an operating profit of ₹10,534 crore, marking a 15% year-on-year (YOY) growth. The core operating profit, which excludes non-recurring items, rose by 14% YOY to ₹10,102 crore. The bank’s operating costs grew at a moderate pace, up just 1% YOY in Q3FY25 compared to 9% in Q2FY25. Net profit for the quarter increased by 4% YOY, reaching ₹6,304 crore.

In terms of Net Interest Income (NII), Axis Bank posted a 9% YOY growth, amounting to ₹13,606 crores. The bank’s Net Interest Margin (NIM) for Q3FY25 stood at 3.93%, signalling healthy profitability from core lending activities. Other income, primarily driven by fee income, grew by 6% YOY to ₹5,455 crores. Retail fees, which contributed 71% of the total fee income, increased by 5% YOY.

9 Months Ended December 31, 2024 Financial Highlights

For the nine months ended December 31, 2024 (9MFY25), Axis Bank’s standalone return on assets (ROA) was 1.7%, and the return on equity (ROE) was 16.43%. NII for the period grew by 10% YOY to ₹40,537 crores. Fee income also showed robust growth, up 11% YOY to ₹16,166 crores. Operating profit for 9MFY25 increased by 18% to ₹31,353 crores, while core operating profit rose by 13% to ₹29,341 crores. Total provisions for the nine months stood at ₹6,399 crores. Net profit for 9MFY25 saw a 9% increase, amounting to ₹19,256 crores.

Balance Sheet Highlights

The bank’s balance sheet grew by 9% YOY, reaching ₹15,25,712 crores as of December 31, 2024. Total deposits grew by 9% YOY, with term deposits up by 14% YOY. The CASA (current account and savings account) deposits ratio stood at 39%, with savings account deposits remaining flat YOY and current account deposits growing by 8% YOY.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.