{"id":131705,"date":"2022-07-26T09:09:54","date_gmt":"2022-07-26T13:09:54","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131705"},"modified":"2022-10-06T04:31:49","modified_gmt":"2022-10-06T08:31:49","slug":"axis-bank-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/axis-bank-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Axis Bank Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Axis Bank Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/AXISBANK\/\">AXISBANK<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Mahrukh Adajania from Edelweiss asked about loan growth outlook. Amitabh Chaudhry MD replied that the bank delivered double digit growth and will continue to grow faster than the market. AXISBANK said it is not worried about getting the loan growth back but waiting for the right pricing to resume.<\/li>\n<\/ul>\n<ul>\n<li>Mahrukh Adajania of Edelweiss enquired about reclassification of some deposit from retail to wholesale if that\u2019s all done. Amitabh Chaudhry MD clarified that a small amount is still pending but most of that work is almost done.<\/li>\n<\/ul>\n<ul>\n<li>Mahrukh Adajania of Edelweiss asked about near term target for opex. Puneet Sharma CFO said the expenses would go up. The bank\u2019s cost to expenses was 2.17 in 4Q22, which went up to 2.24 led by the investments in growth business.<\/li>\n<\/ul>\n<ul>\n<li>Mahrukh Adajania of Edelweiss also asked about reason for employee expenses rising sharply QoQ. Puneet Sharma CFO said that on a YonY basis, the bank added 6,150 people to its growth businesses and tech and digital teams. Second impact is the RBI instruction on accounting for ESOPs that didn\u2019t happen in 1Q22 which is reflected currently.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Murarka with HSBC asked about the outlook for NIM. Puneet Sharma CFO answered that the bank remains committed to getting to the 3.7%, 3.8% improvement over the next 8-10 quarters.<\/li>\n<\/ul>\n<ul>\n<li>Kunal Shah from ICICI Securities asked about growth in terms of retail TD on a like for like basis. Ravi Narayanan GE said the whole focus is on getting the LCR accretive business moving. On the like for like basis, the TD figures will be around the 13% growth YoY.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Jain of Goldman Sachs enquired about credit card momentum being strong and what would be the revolver rate and EMI portion out of the spend. Sanjeev Moghe EVP answered that revolver rates have reduced for ASIXBANK and for the entire industry. This means a lot of revolvers went out with the credit cycle seen couple of years back.<\/li>\n<\/ul>\n<ul>\n<li>Mahesh M.B. from Kotak Securities enquired that with respect to the spread improvement reported in 1Q23, how much is attributed to the loan mix. Puneet Sharma CFO replied that the company has not split the 13 bp, but it will be a mix of repricing effect on the floating rate book plus the mix effect.<\/li>\n<\/ul>\n<ul>\n<li>Mahesh M.B. from Kotak Securities also asked how does the bank see the pricing of the loan book changing over the next couple of quarters given the yield movement. Puneet Sharma CFO answered that about 69% of the entire loan book is floating rate, of which roughly about 30% is repo. The MCLR reprice is going to be more out in time; the repo re-prices will be faster.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Axis Bank Ltd (AXISBANK) Q1 FY23 Earnings Concall Q&amp;A Highlights: Mahrukh Adajania from Edelweiss asked about loan growth outlook. Amitabh Chaudhry MD replied that the bank delivered double digit growth and will continue to grow faster than the market. AXISBANK said it is not worried about getting the loan growth back but [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Axis Bank Ltd Q1 FY23 Earnings Conference Call Insights #AXISBANK #Q1 #FY23","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":[9825,392,1],"tags":[8200],"class_list":["post-131705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-retail-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128690,"url":"https:\/\/alphastreet.com\/india\/axis-bank-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":131705,"position":0},"title":"Axis Bank Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"April 29, 2022","format":false,"excerpt":"https:\/\/youtu.be\/QJL0BQ-O0k4 Key highlights from Axis Bank Ltd (AXISBANK) Q4 FY22 Earnings Concall Q&A Highlights: Mahrukh Adajania from Edelweiss asked about the transfer of standard assets to ARC. Puneet Sharma CEO said AXISBANK has not transferred standard assets to ARC. There was only one transfer, which is an NPA of INR\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132254,"url":"https:\/\/alphastreet.com\/india\/yes-bank-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131705,"position":1},"title":"Yes Bank Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 3, 2022","format":false,"excerpt":"https:\/\/youtu.be\/lZ1Me58PrhI Key highlights from Yes Bank Limited (YESBANK) Q1 FY23 Earnings Concall Q&A Highlights: Mahrukh Adajania of Edelweiss asked about risk to the growth guidance. Prashant Kumar MD answered that as of now the bank is not seeing any impact on the demand side, either on the corporate side or\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":131600,"url":"https:\/\/alphastreet.com\/india\/icici-bank-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131705,"position":2},"title":"ICICI Bank Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 25, 2022","format":false,"excerpt":"https:\/\/youtu.be\/R5WvpsGCwCE Key highlights from ICICI Bank Limited (ICICIBANK) Q1 FY23 Earnings Concall Management Update: ICICIBANK said employee expenses increased by 20% YonY, while non-employee expenses increased by 28.8% YonY in 1Q23, mainly due to retail business and technology related expenses. Q&A Highlights: Mahrukh Adajania with Edelweiss asked about the reason\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":166588,"url":"https:\/\/alphastreet.com\/india\/axisbank-q3-2024-2025-call-highlights-profit-growth-margin-challenges-and-strategic-shifts\/","url_meta":{"origin":131705,"position":3},"title":"AXISBANK Q3 2024-2025 Call Highlights: Profit Growth, Margin Challenges, and Strategic Shifts!","author":"Praveen","date":"January 17, 2025","format":false,"excerpt":"Axis Bank Ltd., an Indian multinational banking and financial services company, in its Q3 earnings call discussed about facing multiple challenges including lagging deposit growth, deteriorating asset quality, mainly in unsecured loans, and margin pressure, leading to multi-quarter low performance. Management emphasized its strategic shift to prioritize quality over growth,\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":131194,"url":"https:\/\/alphastreet.com\/india\/hdfc-bank-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131705,"position":4},"title":"HDFC Bank Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 18, 2022","format":false,"excerpt":"https:\/\/youtu.be\/dY1njWBlVJ8 Key highlights from HDFC Bank Limited (HDFCBANK) Q1 FY23 Earnings Concall Q&A Highlights: Mahrukh Adajania of Edelweiss asked about CRB growth outlook. Srinivasan Vaidyanathan CFO replied that CRB loans had a robust growth of 28-29% YonY in 1Q23 and continues to have aggressive plans across segments in CRB. HDFCBANK\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128869,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":131705,"position":5},"title":"Kotak Mahindra Bank Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 5, 2022","format":false,"excerpt":"https:\/\/youtu.be\/hbks-LEQ254 Key highlights from Kotak Mahindra Bank Ltd (KOTAKBANK) Q4 FY22 Earnings Concall Management Update: KOTAKBANK said that the bank is now seeing a sharp drop in the slippage ratio in terms of the new bad loans. For 4Q22, the slippage on an annualized basis is down to 1.08%, which\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131705","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\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=131705"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=131705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=131705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=131705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}