Axis Bank Shares Slide on Weak Q1 Results, Margin & Asset Quality Concerns

Axis Bank shares fell over 5% after reporting muted Q1 results. NII and profit growth were sluggish, slippages rose due to technical factors, and margins contracted. Brokerages downgraded ratings, citing deteriorating asset quality and higher credit costs. GDRs also dropped 5%, with EPS, NIM, and loan growth lagging expectations.