Conference Call with Axis Bank Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Axis Bank announced Q1FY25 results: Net Interest Income grew 12% YoY and 3% QoQ Fee income grew 16% YoY, Retail fee grew 18% YoY, granular fees at 93% of total fees Operating cost growth moderated to 11% YoY and declined sequentially, PAT at Rs 6,035 crore up 4% YoY On a QAB, total deposits grew 14% | 3%, term deposits grew 21% | 4%, CASA grew 4%| 3% on YoY | QoQ basis, respectively Total advances grew 14% YoY, Retail loans grew 18% YoY, SME grew 20% YoY, Corporate loans grew 6% YoY Overall CAR stood at 16.65% with CET 1 ratio of 14.06%, net accretion to CET-1 of 32 bps in Q1FY25 GNPA% at 1.54% declined by 42 bps YoY, NNPA% at 0.34% declined by 7 bps YoY ~1 million credit cards issued in Q1, CIF market share of ~14%, card spends up ~12% YoY Largest player in Merchant Acquiring with market share of 21%, incremental share of 45% in last one year4 Citi integration completed successfully in July 2024 Amitabh Chaudhry, MD&CEO;, Axis Bank said, ‘The last quarter was crucial in terms of getting all the teams to work together for the last leg of Citi integration. I am delighted that the integration is done and it was largely seamless given the size and scale of the transition. I am thankful to the teams who worked tirelessly in making this possible, and to our 2 million new customers for keeping their trust and faith in us. Result PDF