Axis Bank was in focus on Friday. On December 20, 2024, Axis Bank share price opened at ₹1,103.95, slightly down from its previous close of ₹1,108.90. At 11:39 AM, the share price of Axis Bank was trading at ₹1,091.00, down by 1.61% on the NSE. The market cap of the company was ₹3,37,660.64 crore.
The stock touched its 52-week high at ₹1,339.65 on July 12, 2024, and 52-week low at ₹995.70 on April 19, 2024.
For H1 FY 2025, the company reported an 11% YOY increase in Net Interest Income, reaching ₹26,931 crores, up from ₹24,273 crores. Fee income grew by 13% YOY to ₹10,711 crores. Operating profit for the period rose 19% to ₹20,819 crores, compared to ₹17,446 crores in H1 FY 2024.
Core operating profit saw a 13% growth, reaching ₹19,238 crores, up from ₹17,028 crores. Total provisions for H1 FY 2025 amounted to ₹4,243 crores. The company’s Net Profit grew 11% to ₹12,952 crores from ₹11,661 crores in the previous year.
Axis Bank Limited, established in December 1993, is a private-sector bank. It boasts the third-largest branch network among private sector banks and has a global presence with branches in DIFC (Dubai) and Singapore, as well as representative offices in Abu Dhabi, Sharjah, Dhaka, and Dubai, and an offshore banking unit in GIFT City.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 20, 2024, 1:15 PM IST
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