AXIS BANK LIMITED - Quarterly Result Update Q4'425

Axis Bank Q4 FY25 results: Asset quality and margins improve, steady business growth, in line with street’s estimates. Axis Bank has reported flat net profit at Rs 7117.50 crore for the quarter ended March 2025 (Q4FY2025). The bank has posted healthy 6% growth in net interest income (NII), while the core fee income of the bank also improved 13% in Q4FY2025. The Net Interest Margin (NIM) of the bank improved on sequential basis to 3.97% in Q4FY2025 from 3.93% in the previous quarter, while eased from 4.06% in the corresponding quarter of previous year. On business front, the bank as has posted 9% growth in business with 8% increase in loan book. The asset quality of the bank has improved in Q4FY2025. Bank has reduced the credit to deposit ratio to 88.7% at end March 2025 from 90.3% at end March 2024. The CASA ratio of the bank has declined to 40.8% at end March 2025 from 43.0% at end March 2024. Asset quality improves: The bank has improved asset quality in Q4FY2025. • The fresh slippages of loans stood at Rs 4805 crore in Q4FY2025 compared with 5432 crore in previous quarter and Rs 3471 crore in the corresponding quarter last year. • The recoveries and upgradations of NPAs was at Rs 2790 crore and the write-off of loans was at Rs 3375 crore in Q4FY2025. • The standard restructured loan book of the bank declined to Rs 837 crore end March 2025. • Provision coverage ratio was steady at 94% at end March 2025 compared to 93% a quarter ago and 94% a year ago. • The capital adequacy ratio of the bank stood at 17.1% with Tier I ratio at 15.1% at end March 2025. • The risk weighted assets of the bank has increased 12% YoY to Rs 1159150 crore end March 2025, Business Highlights: Steady business growth: The business of the bank has increased 9% YoY to Rs 2213763 crore end March 2025, driven by 8% increase in advances to Rs 1040811 crore. Deposits moved up 10% to Rs 1172952 crore at end March 2025.