{"id":135003,"date":"2022-10-20T11:35:56","date_gmt":"2022-10-20T15:35:56","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135003"},"modified":"2022-10-24T06:43:51","modified_gmt":"2022-10-24T10:43:51","slug":"axis-bank-ltd-q2fy23-remarkable-70-growth-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/axis-bank-ltd-q2fy23-remarkable-70-growth-in-profits\/","title":{"rendered":"Axis Bank Ltd. Q2FY23; Remarkable 70% Growth in Profits"},"content":{"rendered":"\n

Axis Bank Ltd<\/a>\u2018s Net Interest Income for Q2 FY23 has increased by 31% YoY to \u20b9 10,360 crores. Net Profit rose by 70% YoY to \u20b9 5,330 crores. Operating Profit grew by 30% YoY for Q2 FY 2023.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

Return on Assets grew to 1.9%. In this quarter\u2019s results<\/a>, it is evident that the reason for the operating profit YoY growth to be 30% while Net Profts YoY growth to 70% is the significant reduction in Provisions and Contingencies by about 69% YoY.<\/p>\n\n\n\n

To further read about this company, check out this link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Axis Bank Ltd\u2018s Net Interest Income for Q2 FY23 has increased by 31% YoY to \u20b9 10,360 crores. Net Profit rose by 70% YoY to \u20b9 5,330 crores. Operating Profit grew by 30% YoY for Q2 FY 2023. Return on Assets grew to 1.9%. In this quarter\u2019s results, it is evident that the reason for the […]<\/p>\n","protected":false},"author":1885,"featured_media":19987,"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":[105,392,1,6350],"tags":[151],"class_list":["post-135003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","category-trending-stocks","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2019\/01\/banking-2.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135079,"url":"https:\/\/alphastreet.com\/india\/the-story-behind-axis-banks-q2fy23-earnings-results\/","url_meta":{"origin":135003,"position":0},"title":"The Story behind Axis Bank’s Q2FY23 Earnings Results","author":"Karan_Singh","date":"October 24, 2022","format":false,"excerpt":"Financial Results: Axis Bank Ltd\u2018s Net Interest Income for Q2 FY23 has increased by 31% YoY to \u20b9 10,360 crores. Net Profit rose by 70% YoY to \u20b9 5,330 crores. Operating Profit grew by 30% YoY for Q2 FY 2023. Return on Assets grew to 1.9%. \u20b9 Cr.Q2FY23Q2FY22YoY%Interest Income20,23916,33624%Total Income24,18020,13420%Interest\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-157509282.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-157509282.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-157509282.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-157509282.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":128734,"url":"https:\/\/alphastreet.com\/india\/axis-bank-research-tear-sheet-q4-fy-2022\/","url_meta":{"origin":135003,"position":1},"title":"Axis Bank Research Tear Sheet Q4 FY 2022","author":"sreerupa","date":"May 2, 2022","format":false,"excerpt":"Axis Bank Limited is a private sector Indian\u00a0bank. It mainly deals with banking\u00a0and\u00a0financial services. It is headquartered in Mumbai,\u00a0Maharashtra. It was initially incorporated as UTI Bank in 1995. The bank has several subsidiaries Axis Asset Management Company Ltd., Axis Mutual Fund\u00a0Trustee Ltd., Axis Capital Ltd, Axis Finance Ltd, Axis Securities\u2026","rel":"","context":"In "Research Summary"","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128071,"url":"https:\/\/alphastreet.com\/india\/axis-bank-research-tear-sheet-q3-fy22\/","url_meta":{"origin":135003,"position":2},"title":"Axis Bank Research Tear Sheet Q3 FY22","author":"sreerupa","date":"March 2, 2022","format":false,"excerpt":"Axis Bank Limited is a private sector Indian\u00a0bank. It mainly deals with banking\u00a0and\u00a0financial services. It is headquartered in Mumbai,\u00a0Maharashtra. It was initially incorporated as UTI Bank in 1995. The bank has several subsidiaries Axis Asset Management Company Ltd., Axis Mutual Fund\u00a0Trustee Ltd., Axis Capital Ltd, Axis Finance Ltd, Axis Securities\u2026","rel":"","context":"In "Research Summary"","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135072,"url":"https:\/\/alphastreet.com\/india\/icici-bank-ltd-q2fy23-37-growth-in-profits\/","url_meta":{"origin":135003,"position":3},"title":"ICICI Bank Ltd. Q2FY23; 37% Growth in Profits","author":"Karan_Singh","date":"October 24, 2022","format":false,"excerpt":"ICICI Bank Ltd.\u2018s Net Interest Income for Q2 FY23 has increased by 26% YoY to \u20b9 14,787 crores. Profit After Tax rose by 37% YoY to \u20b9 7,558 crores. Operating Profit grew by 24% YoY for Q2 FY 2023. Net Interest Margin grew to 4.31%. In this quarter\u2019s\u00a0results, it is\u2026","rel":"","context":"In "AlphaGraphs"","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\/2022\/10\/Q2FY23-ICICIBANK.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-ICICIBANK.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-ICICIBANK.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-ICICIBANK.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-ICICIBANK.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":135076,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q2fy23-27-growth-in-profits\/","url_meta":{"origin":135003,"position":4},"title":"Kotak Mahindra Bank Ltd. Q2FY23; 27% Growth in Profits","author":"Karan_Singh","date":"October 24, 2022","format":false,"excerpt":"Kotak Mahindra Bank Ltd.\u2018s Net Interest Income for Q2 FY23 has increased by 27% YoY to \u20b9 5,099 crores. Profit After Tax rose by 27% YoY to \u20b9 2,581 crores. Operating Expenditure grew by 28% YoY for Q2 FY 2023. Net Non Performing Assets (NNPA) fell to 0.55%. In this\u2026","rel":"","context":"In "AlphaGraphs"","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\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":160546,"url":"https:\/\/alphastreet.com\/india\/axis-bank-ltd-q4-fy24-earnings-conference-call-insights\/","url_meta":{"origin":135003,"position":5},"title":"Axis Bank Ltd Q4 FY24 Earnings Conference Call Insights","author":"Praveen","date":"April 25, 2024","format":false,"excerpt":"Key highlights from Axis Bank Ltd (AXISBANK) Q4 FY24 Earnings Concall Deposit Franchise Strengthening Focused on improving deposit quality and strength over the past couple of years. Initiatives like Burgundy, Burgundy Private, Siddhi, and Sparsh helped improve deposit health. LCR outflow rates improved by 500 bps in last two years.\u2026","rel":"","context":"In "Concall Highlights"","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\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135003","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\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135003"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/19987"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}