Non-public sector lender Axis Financial institution, on Wednesday, reported a ten per cent rise in web revenue at Rs 5,863 crore for the September quarter.
Axis Financial institution had reported a web revenue of Rs 5,329 crore within the year-ago interval.
The financial institution’s provisioning elevated to Rs 815 crore throughout the second quarter of the present fiscal, up from Rs 550 crore within the year-ago interval.
Axis Financial institution’s whole revenue rose to Rs 31,660 crore throughout the quarter underneath evaluation, from Rs 24,094 crore final 12 months.
The financial institution’s Web Curiosity Revenue (NII) grew 19 per cent year-on-year to Rs 12,315 crore.
Axis Financial institution managing director and chief govt officer Amitabh Chaudhry mentioned regardless of a extremely risky international geopolitical panorama, the India story stays robust.
“With the upcoming festivities, we’re already seeing a surge in demand, which augurs effectively for enterprise. We’re taking a look at regular development for all main enterprise verticals of the financial institution,” Chaudhry mentioned.
Shares of Axis Financial institution closed at Rs 955.35 on Wednesday, down 0.84 per cent over earlier shut on the BSE.
