AXIS Bank Ltd reports Q3FY21 consolidated PAT of Rs. 1334.84 crores

AXIS BANK LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.19910.93 crores during the period ended December 31, 2020 as compared to Rs.20446.79 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.1334.84 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.1849.05 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.4.30 for the period ended December 31, 2020 as compared to Rs.6.22 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 19910.93 crs	₹ 20446.79 crs	-2.62%
Net Profit	₹ 1334.84 crs	₹ 1849.05 crs	-27.81%
EPS	₹ 4.30	₹ 6.22	-30.87%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.19910.93 crores during the period ended December 31, 2020 as compared to Rs.19975.99 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.1334.84 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.1884 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.4.30 for the period ended December 31, 2020 as compared to Rs.6.63 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 19910.93 crs	₹ 19975.99 crs	-0.33%
Net Profit	₹ 1334.84 crs	₹ 1884 crs	-29.15%
EPS	₹ 4.30	₹ 6.63	-35.14%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.59819.49 crores during the 9 months period ended December 31, 2020 as compared to Rs.59271.44 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.4291.99 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.3128.84 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.14.43 for the 9 months period ended December 31, 2020 as compared to Rs.11.58 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 59819.49 crs	₹ 59271.44 crs	0.92%
Net Profit	₹ 4291.99 crs	₹ 3128.84 crs	37.18%
EPS	₹ 14.43	₹11.58	24.61%

Amitabh Chaudhry, MD&CEO, Axis Bank said, "As the economy turns around, we see fresh enthusiasm and positivity returning to both retail and corporate business. Digital has been one of our biggest strengths and we have fortified it further. With new collaborations with the best brands in their respective fields, we have rolled out some of the most innovative products and services for our customers, with unique features and benefits."

As on 31st December 2020, the Bank’s reported Gross NPA and Net NPA levels were 3.44% and 0.74% respectively as against 4.18% and 0.98% as on 30th September 2020.

Shares of AXIS BANK LTD. was last trading in BSE at Rs.631.9 as compared to the previous close of Rs. 658.6. The total number of shares traded during the day was 777468 in over 17891 trades.

The stock hit an intraday high of Rs. 663.6 and intraday low of 627.5. The net turnover during the day was Rs. 497893182.

Source : Equity Bulls

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