Axis Bank Ltd. share price target

Axis Bank has recorded strong 86% growth in the net profit to all time high quarterly profit level of Rs 3133 crore in Q2FY22. Strong CASA and fee performance, accelerating loan growth in focus segments, limited restructuring, improving asset quality, resilient balance sheet supported the performance of the bank in Q2FY2022. The bank has recorded fee income growth of 17% YOY and 21% QOQ. Net interest margin eased to 3.39% in Q2FY2022 from 3.46% in the previous quarter and 3.58% in the...

Axis Bank (AXSB) delivered a weak operating performance in 2QFY22 that was characterized by margin weakness (7bp QoQ decline) and a muted trend in Core PPoP. However, lower provisions (INR17.3b) aided earnings which surpassed our estimate by 13%. Business growth was tepid and was pulled down by a 5% QoQ decline in corporate advances, while a strong sequential recovery was witnessed in SME/Retail loans. On the asset quality front, fresh slippages remained elevated at INR54.6b although higher upgrades/recovery of INR47.6b aided an improvement in...

In Q1FY22, Net interest income improved 11.1% YoY and 2.7% QoQ, with NIM margin of 3.46% (-10bps YoY, +6bps QoQ). Pre-provisioning profit rose 9.8% YoY to Rs. 6,416cr. Lower provisions helped PAT to surge 94.2% YoY to Rs. 2,160cr. On QAB (Quarterly Average Balance) basis, CASA ratio expanded 342bps...

Overall a weak quarter

Earnings in line; asset quality deteriorates slightly Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for India Research, Sales, Corporate Access and...

1QFY22 marks the manifestation of sequentially higher provisioning expenses (35bn v/s 33bn in the previous quarter) and decrease in net profit to 22bn against 28bn in the previous quarter. The bank's reported slippage number remains moderately higher (65bn v/s 53bn in 4QFY21)...

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Axis Bank has posted strong 94% surge in the net profit to Rs 2160 crore with healthy CASA growth, steady operating performance and resilient balance sheet. Net Interest Income of the bank has increased 11%, while fee income surged 62%. Bank delivered a strong performance across segments in Q1FY22 despite the impact of second wave of Covid-19 cases in the period. The loan book growth of the bank has improved to 12% end June 2021, led by balanced growth across segments. Retail loans grew 14%, SME loans up 18%. Saving account deposits grew 19% supporting CASA deposits to grow 19 and CASA ratio improving 342 bps to 42%. The bank has witnessed slight moderation in loan growth with GNPA % rising to 3.85% and NNPA % to...

Axis Bank is the thirdlargest private sector bank in India in terms of asset size.

The bank has showed acceleration in the business growth driven by improved loan growth of 9%. On deposits front, the bank has showed steady growth in stable and granular retail deposits. On QAB basis, CASA ratio stood at 42%, up 320 bps YOY and 39 bps QOQ The bank is well capitalized with adequate liquidity buffers. Overall capital adequacy ratio (CAR)...