Axis Bank Share Price Drop 1.61% on Dec 20, 2024

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.

H1 FY 2025 Financial Highlights

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.

About Axis Bank Ltd

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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