Axis Bank Q3-FY24 Conference Operational Highlights

Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 25th January 2024 - 05:03 pm

Listen icon

Operational Highlights

Analysis

Net Interest Income: Grew 9% YOY and 2% QOQ, with a Net Interest Margin at 4.01%.

Core Operating Revenues: Grew 14% YOY and 2% QOQ, contributing to a 6% QOQ growth in operating profit.

Consolidated ROE | ROA: Stood at 18.61% | 1.84%, with subsidiaries contributing 54 bps | 9 bps respectively.

Loan Growth: Strong across all segments, with a 23% | 4% increase in advances (gross of IBPC sold).

Retail Term Deposits (QAB1): Grew 15% YOY & 3% QOQ, contributing to an 18% YOY & 4% QOQ growth in total deposits.

CASA Ratio: Stood at 42%, showcasing a robust retail term deposit traction.

Capital Adequacy Ratio (CAR): Overall CAR, including profit, at 16.63%, with CET 1 ratio of 13.71%.

Net Organic Accretion to CET-1 (9MFY24): 39 bps, reflecting a well-capitalized and self-sustaining structure.

COVID Provisions: ₹5,012 crores, not included in CAR calculation, providing an additional cushion of ~43 bps.

Payments and Digital Banking: Strong position with ~10 mn non-Axis Bank customers, 100+ digital partnerships, and significant presence on WhatsApp banking.

Banking Business Operation Performance

Asset Quality: Healthy with PCR at 78%, and a coverage ratio at 153%.

Net Slippage Ratio (Q3FY24): Declined to 0.50%, showing a 43 bps YOY & 9 bps QOQ improvement.

Gross Slippage Ratio (Q3FY24): Declined to 1.62%, reflecting a 41 bps YOY decrease.

Net Credit Cost (Q3FY24): Decreased to 0.28%, down by 14 bps QOQ.

Key Domestic Subsidiaries (9MFY24): Posted a profit of ₹1,108 crores, with a return on investment of 50%.

Axis Finance (9MFY24): PAT grew 25% YOY to ₹425 crores, with improved asset quality metrics and ROE at 16.4%.

Axis AMC (9MFY24): PAT stood at ₹297 crores, while Axis Securities reported a PAT growth of 31% YOY to ₹198 crores.

Axis Capital (9MFY24): PAT at ₹108 crores, executing 71 investment banking deals in 9MFY24.

FREE Trading & Demat Account
+91
''
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Indian Stock Market Related Articles

List Of Maharatna Companies In India

by Tanushree Jaiswal 9th Jul 2024

Why Quant Mutual Funds Are Outperforming?

by Tanushree Jaiswal 5th Jul 2024

NSE's 90% Cap on SME IPO Listing Prices

by Tanushree Jaiswal 5th Jul 2024

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Want to Use 5paisa
Trading App?