Axis Bank reported a mixed Q3 performance, with strong balance sheet growth but pressure on profitability due to higher provisions. Q3 Key Metrics Advances (Loan Book): ₹11.7 lakh crore, up ~14% YoY Total Deposits: ₹12.6 lakh crore, up ~15% YoY CASA Deposits: ~₹4.9 lakh crore Net Profit: ~₹5,100 crore, down ~26% YoY NII: Modest growth, impacted by margin pressure Credit costs: Higher provisions impacted bottom line Business Trends Healthy growth across retail and corporate lending Deposit growth outpacing system growth, supporting funding stability Asset quality broadly stable, but conservative provisioning weighed on profits What to track going ahead Normalisation of credit costs Net interest margin (NIM) trajectory Sustainability of loan growth amid competition for deposits Investor takeaway Axis Bank continues to deliver strong balance sheet growth, but near-term profitability remains under pressure due to elevated provisions. Improvement in margins and credit costs will be key for earnings recovery. If you found this post helpful, do follow me for more such insights!

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