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Axis Bank Ltd Q1FY24; 39% rise in Profits.

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

Financial Results:

Axis Bank Ltd reported Revenues for Q1FY24 of ₹26,246.00 Crores up from ₹19,193.00 Crore year on year, a rise of 36.75%.

Total Expenses for Q1FY24 of ₹23,703.00 Crores up from ₹16,733.00 Crores year on year, a rise of 41.65%.

Consolidated Net Profit of ₹6,113.00 Crores up 38.87% from ₹4,402.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹19.78, up 38.71% from ₹14.26 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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