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Axis Bank Ltd Q2FY24; 11% 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 Q2FY24 of ₹27,418.00 Crores up from ₹20,783.00 Crore year on year, a rise of 31.93%.

Total Expenses for Q2FY24 of ₹24,808.00 Crores up from ₹17,600.00 Crores year on year, a rise of 40.95%.

Consolidated Net Profit of ₹6,230.00 Crores up 10.54% from ₹5,636.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹20.13, up 10.18% from ₹18.27 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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