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Home STOCKS Short-Axis Bank June Quarter Net Profit Falls

Short-Axis Bank June Quarter Net Profit Falls


July 21 (Reuters) – Axis Bank Ltd :* JUNE QUARTER NET PROFIT 11.12 BILLION RUPEES Versus PROFIT OF 13.7 BILLION RUPEES 12 months Ago* CONSENSUS FORECAST FOR JUNE QUARTER NET PROFIT WAS 14.3 BILLION RUPEES* JUNE QUARTER INTEREST Acquired 165.39 BILLION RUPEES Compared to 152.55 BILLION RUPEES 12 months Back* JUNE QUARTER GROSS NPA 4.72% As opposed to 4.86% PREV QUARTER* JUNE QUARTER Net NPA 1.23% Versus 1.56% PREV QUARTER* JUNE QUARTER PROVISIONS AND CONTINGENCIES 44.16 BILLION RUPEES Compared to 38.15 BILLION RUPEES Year In the past* States Built INCREMENTAL PROVISIONS AGGREGATING 7.33 BILLION RUPEES IN Q1 FY21 To COVID-19* Recognized SLIPPAGES OF 22.18 BILLION RUPEES In the course of Q1FY21 As opposed to 47.98 BILLION RUPEES IN Q1FY20* States Internet INTEREST MARGIN FOR Q1FY21 WAS 3.40% Versus 3.55% Very last QUARTER* PCR AS OF JUNE-QUARTER Stop Improved TO 75% FROM 69% AT MARCH-QUARTER End

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