Friday, April 26, 2019

Axis Bank's net at Rs 1505 Cr

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 Axis Bank has reported a net profit of Rs 1,505 crore in the March quarter of FY19, as against a loss of Rs 2,189 crore in the same period last year.

Its profit was lower by more than Rs 1,600 crore estimated analysts. The net interest income increased 21% y-o-y to Rs 5,706 crore and its domestic net interest margin stood at 3.61%, up 2 basis points. Axis Bank’s other income, which includes core fee income, rose 26% in March quarter.

The stock closed at Rs 741, down Rs 11 in Thursday's trading.

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