Indian lender Axis Bank misses Q3 profit view

Indian lender Axis Bank misses Q3 profit view as higher provisions weigh
India's Axis Bank reported a smaller-than-expected rise in third-quarter profit on Thursday, as it set aside more funds for potential bad loans amid a slight deterioration in asset quality. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes earnings of its subsidiaries - rose 4% to 63.
Analysts cut Axis Bank share target after Q3, but valuation lends comfort
The management believes FY25 credit growth will be anchored by deposit growth/LDR, which, analysts think, is still a challenge for Axis Bank
Axis Bank Q3 net profit up 4 per cent, cautions on retail asset quality issues
Executives at the country’s third largest private sector lender said the bank sees a degree of indebtedness in certain segments of the borrowers, which led to taking a deliberate call on slowing loan
India's Axis Bank slips as Q3 profit misses market view
Shares of India's Axis Bank fell 3.7% on Friday, a day after the lender posted a smaller-than-expected quarterly profit increase, weighed down by slower loan growth and higher provisions set aside for potential bad loans.
Higher provisions, slower loan growth hurt Axis Bank’s Q3 profit
Axis Bank Q3 Results: Private lender Axis Bank on Thursday, reported a standalone net profit increase of 3.8%, reaching ₹ 6,304 crore in December 2024, compared to a profit after tax (PAT) of ₹ 6,071 crore in the corresponding quarter of the previous financial year.
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Axis Bank shares fall 4% after multiple price target cuts on weak Q3 results
Out of the 49 analysts who have coverage on Axis Bank, 40 of them have a "buy" rating, while the other nine have a "hold".
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