Axis Bank net profit rises to 64.90 billion rupees and beats analyst expectations
Axis Bank reported a 3 percent rise in quarterly net profit to 64.90 billion rupees, exceeding analyst forecasts due to strong loan growth throughout India.
Insights:
Axis Bank Limited announced on January 26 that its standalone net profit for the third quarter of the 2024-25 fiscal year rose 3 percent year-on-year to 64.90 billion rupees. This result for the three months ended December 31 surpassed the analyst consensus expectation of 60.79 billion rupees. The bank, which is the fourth-largest private lender by market capitalisation in India 
IN, saw its performance boosted by healthy loan growth during the festive season and consumption tax cuts that spurred consumer spending.
IN, saw its performance boosted by healthy loan growth during the festive season and consumption tax cuts that spurred consumer spending.
