Conference Call with Axis Bank Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights Axis Bank reports all time high quarterly profit of Rs 3,133 crores in Q2FY22, up 86% YOY Strong CASA and fee performance, accelerating loan growth in focus segments, limited restructuring, improving asset quality, resilient balance sheet On QAB basis: SA grew 23% YOY & 5% QOQ, CA grew 18% YOY & 3% QOQ, CASA up 21% YOY & 5% QOQ Fees up 17% YOY and 21% QOQ, Retail loan disbursements up 54% YOY and QOQ Retail loans up 16% YOY & 4% QOQ, SME loans up 18% YOY & 7% QOQ. Mid-corporate book grew 32% YOY & 10% QOQ Limited restructuring at 0.64% of GCA, GNPA% at 3.53% declined by 75 bps YOY* and 32 bps QoQ Net slippages ratio at 0.46%, credit cost at 0.54% Total CRAR (incl. H1FY22 profit) at 20.04% with CET1 of 15.81%, covid provisions not utilised, SACR^ at 2.11% One Axis: Domestic subsidiaries gained market share, delivered strong PAT of Rs 267 crores, YOY growth of 38% Market share in UPI and Mobile banking stood at 15% & 14%, respectively, Credit card spends up 64% YOY & 34% QOQ Axis Bank MD & CEO, Amitabh Chaudhry said, “As a responsible financial institution and a large Bank, we have been persistently working towards an all-encompassing strategy, governance, and performance framework around ESG. On the business front we are seeing solid progress. We continue our focus on SMEs and mid-corporate segments, and on the retail side we see better disbursements and growth driven by secured products. We really hope to make the upcoming festivities special for our customers, with our ‘Dil Se Open Celebrations’ providing exciting deals and discounts across e-commerce platforms and local retailers.” Result PDF