Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 196423.60 Crore).
For the quarter ended 31-12-2020, the company reported a Consolidated Interest Income of Rs 11788.55 Crore, down -5.02 % from last quarter Interest Income of Rs 12411.79 Crore and down -5.86 % from last year same quarter Interest Income of Rs 12522.65 Crore. The bank has reported net profit after tax of Rs 1334.84 Crore in latest quarter.
AXSB has guided for moderation in 4Q slippages. Nonetheless, credit cost would remain elevated as the bank remains cautious on the overall impact. It increases FY22/FY23E earnings by 21%/10% and estimate AXSB to deliver RoA/RoE of 1.6%/15.4% in FY23.
Promoters held 13.6 per cent stake in the company as of Dec 30, 2020, while FIIs held 52.2 per cent, DIIs 23 per cent and public and others 11.2 per cent.