{"id":131640,"date":"2022-07-25T09:43:50","date_gmt":"2022-07-25T13:43:50","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131640"},"modified":"2022-10-06T04:33:53","modified_gmt":"2022-10-06T08:33:53","slug":"infographic-axis-banks-net-profit-surges-by-a-whopping-91-in-q1fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/infographic-axis-banks-net-profit-surges-by-a-whopping-91-in-q1fy23\/","title":{"rendered":"Infographic: Axis Bank&#8217;s Net Profit surges by a whopping 91% in Q1FY23"},"content":{"rendered":"\n<p>The net interest income (NII) grew 21 per cent to Rs 9,384 crore in June quarter, compared to Rs 7,760 crore during the same quarter last year. On a quarterly basis, this was a rise of 6 per cent, Axis Bank said in a regulatory filing on Monday.<\/p>\n\n\n\n<p>The net interest margin, or NIM, came to be at 3.60 per cent, which is a jump of 14 bps from a year-ago quarter and 11 bps as compared to the previous quarter Q4 FY22. Axis Bank said its core operating profit for the June quarter grew 17 per cent year-on-year to Rs 6,554 crore.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized is-style-default\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/83802112-9b81-4a47-b885-51d5512c2c42-608x1024.png\" alt=\"\" class=\"wp-image-131641\" width=\"692\" height=\"1165\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/83802112-9b81-4a47-b885-51d5512c2c42-608x1024.png 608w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/83802112-9b81-4a47-b885-51d5512c2c42-178x300.png 178w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/83802112-9b81-4a47-b885-51d5512c2c42-768x1294.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/83802112-9b81-4a47-b885-51d5512c2c42-912x1536.png 912w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/83802112-9b81-4a47-b885-51d5512c2c42-1216x2048.png 1216w\" sizes=\"auto, (max-width: 692px) 100vw, 692px\" \/><\/figure>\n\n\n\n<p>Fee income of Axis Bank for the April to June quarter this fiscal jumped to Rs 3,575 crore, up by 34 per cent on a year-on-year basis. Retail fees grew by 43 per cent as compared to the same quarter last financial year, and constituted 66 per cent of Axis Bank\u2019s total fee income.<\/p>\n\n\n\n<p>The lender further said that it made specific loan loss provisions of Rs 777 crore for the April to June quarter, against the Rs 602 crore provision made during the January to March quarter. The bank did not utilise its Covid-19 provisions during the quarter, it said in the filing with BSE.<\/p>\n\n\n\n<p>Axis Bank said its gross NPA and net NPA levels as on June 30, 2022 were 2.76 per cent and 0.64 per cent respectively as against 2.82 per cent and 0.73 per cent on March 31 2022. Gross slippages during the quarter were Rs 3,684 crore, compared to Rs 3,981 crore in Q4 FY22 and Rs 6,518 crore in Q1 FY22. Credit cost for the quarter was seen at 0.41 per cent, a plunge of 129 bps YoY.<\/p>\n\n\n\n<p>Axis Bank issued 9.9 lakh credit cards to its customers during the April to June quarter, which is an incremental market share of 17 per cent in the last six months. As of June 30, 2022, Axis Bank had a network of 4,759 domestic branches and extension counters situated in 2,702 centres compared to 4,600 domestic branches and extension counters situated in 2,628 centres during the year-ago quarter. The lender has 10,161 ATMs and 6,063 cash recyclers spread across the country as of June 30 this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The net interest income (NII) grew 21 per cent to Rs 9,384 crore in June quarter, compared to Rs 7,760 crore during the same quarter last year. On a quarterly basis, this was a rise of 6 per cent, Axis Bank said in a regulatory filing on Monday. The net interest margin, or NIM, came [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,5],"tags":[151,8200],"class_list":["post-131640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-latest","tag-banking","tag-retail-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":131812,"url":"https:\/\/alphastreet.com\/india\/infographic-pnb-q1-opens-this-year-with-a-downfall-as-net-profit-plummets-by-76-to-rs-282-crores\/","url_meta":{"origin":131640,"position":0},"title":"Infographic: PNB Q1 opens this year with a downfall as Net profit plummets by 76% to Rs 282 Crores","author":"Chirag Gupta","date":"July 29, 2022","format":false,"excerpt":"On Thursday, Punjab National Bank reported a 76 per cent decline in consolidated net profit to Rs 282 crore in the June quarter, mainly due to higher provisioning for bad loans and decline in interest income. The bank had posted a net profit of Rs 1,023.46 crore in the year-ago\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132596,"url":"https:\/\/alphastreet.com\/india\/infographic-sbi-q1-net-profit-falls-by-6-7-on-standalone-basis-due-to-loss-in-treasury\/","url_meta":{"origin":131640,"position":1},"title":"Infographic: SBI Q1, Net profit falls by 6.7% on standalone basis due to loss in treasury","author":"Chirag Gupta","date":"August 8, 2022","format":false,"excerpt":"On Saturday State Bank of India reported a 1 per cent year-on-year (YoY) drop in net profit at Rs 7,325 crore compared with Rs 7,380 crore in the same quarter last year on a consolidated basis. Net interest income (NII) for the quarter rose 12.87 per cent YoY to Rs\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":131776,"url":"https:\/\/alphastreet.com\/india\/infographic-sbi-card-q1-profit-soars-more-than-100-to-rs-627-cr-net-revenue-rises-by-31\/","url_meta":{"origin":131640,"position":2},"title":"Infographic: SBI Card Q1 profit soars more than 100% to Rs 627 cr, Net revenue rises by 31%","author":"Chirag Gupta","date":"July 28, 2022","format":false,"excerpt":"On Thursday, SBI Cards and Payment Services Ltd (SBI Card) reported 106 per cent rise in net profit to Rs 627 crore in the first quarter ended June 30, 2022. The SBI-promoted card issuance company had reported a net profit of Rs 305 crore in the April-June quarter of the\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":131602,"url":"https:\/\/alphastreet.com\/india\/infographic-kotak-mahindra-banks-net-profit-soars-by-26\/","url_meta":{"origin":131640,"position":3},"title":"Infographic: Kotak Mahindra Bank&#8217;s Net Profit soars by 26%","author":"Chirag Gupta","date":"July 25, 2022","format":false,"excerpt":"Provisions and contingencies declined by a massive 97 percent year-on-year to Rs 23.59 crore at the end of June quarter compared to Rs 703.52 crore in the corresponding quarter of previous fiscal. The fall in provisions stems from the improvement in asset quality metrics. During the quarter, the bank wrote\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132579,"url":"https:\/\/alphastreet.com\/india\/infographic-titan-q1-consolidated-net-profit-soars-by-more-than-3000-while-revenue-jumps-by-172\/","url_meta":{"origin":131640,"position":4},"title":"Infographic: Titan Q1 consolidated net profit soars by more than 3000% while revenue jumps by 172%","author":"Chirag Gupta","date":"August 5, 2022","format":false,"excerpt":"Titan Company on Friday reported ore than 3000% jump in year-on-year (YoY) net profit at Rs 785 crore in June quarter compared with Rs 46 crore profit in the same quarter last year. The Tata Group firm said its quarterly revenues were the second-best, buoyed by a strong festive demand\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139335,"url":"https:\/\/alphastreet.com\/india\/wipro-reported-14-rise-in-its-revenues-in-q3fy23-results\/","url_meta":{"origin":131640,"position":5},"title":"Wipro reported 14% rise in its revenues in Q3FY23 results","author":"Chirag Gupta","date":"January 26, 2023","format":false,"excerpt":"Wipro on Friday reported a 2.8 per cent year-on-year (YoY) rise in net profit at Rs 3,052.90 crore compared with Rs 2,969 crore in the same quarter last year. Revenue for the quarter came in at Rs 23,229 crore, up 14.35 per cent over Rs 20,313.60 crore in the same\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c3f816da-cae0-4c9a-a43e-244ad448cf91.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=131640"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=131640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=131640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=131640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}