AXIS BANK Announces Quarterly Results (3QFY19); Net Profit Up 131.4%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

AXIS BANK Announces Quarterly Results (3QFY19); Net Profit Up 131.4%
Thu, 31 Jan

AXIS BANK has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

AXIS BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m117,216132,810141,2976.4%20.5%
Other incomeRs m25,93126,78440,00749.4%54.3%
Total revenuesRs m143,146159,594181,30413.6%26.7%
InterestRs m69,90080,48985,2615.9%22.0%
Gross Profit Rs m47,31552,32156,0377.1%18.4%
Other expensesRs m34,70838,16540,7976.9%17.5%
Profit before taxRs m10,42811,66624,701111.7%136.9%
TaxRs m3,1633,7707,893109.4%149.5%
Profit after taxRs m7,2647,89616,809112.9%131.4%
Gross profit margin %40.439.439.7
Effective tax rate%30.332.332.0
Net profit margin%6.25.911.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 20.5% on a year-on-year (YoY) basis. The interest expended was up by 22.0% YoY during the same period.
  • The bank's operating profit increased by 18.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 39.7% in 3QFY19.
  • Other income increased by 54.3% YoY during the quarter.
  • Net profit for the quarter increased by 131.4% YoY. Net profit margins during the quarter increased from 6.2% in 3QFY18 to 11.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 6.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 5.9% QoQ during the same period.
  • The bank's operating profit increased by 7.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.7% in 3QFY19 as against 39.4% in 2QFY18.
  • Net profit for the quarter increased by 112.9% QoQ, while net profit margins increased from 5.9% in 2QFY18 to 11.9% in 3QFY19.

To see how AXIS BANK has performed over the last eight quarters, please visit here.

AXIS BANK Share Price Performance

Over the last one year, AXIS BANK share price has moved up from Rs 593.4 to Rs 709.5, registering a Gain of Rs 116.1 or around 19.6%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 30,591.1 (up 1.2%). Over the last one year it has moved down from 30,986.1 to 30,591.1, a gain of 395 points (down 1.3%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 709.5, the price to earnings (P/E) ratio of AXIS BANK stands at 172.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

Equitymaster requests your view! Post a comment on "AXIS BANK Announces Quarterly Results (3QFY19); Net Profit Up 131.4%". Click here!

  

Related Views on News

AXIS BANK Announces Quarterly Results (2QFY20); Net Profit Down 114.2% (Quarterly Result Update)

Oct 24, 2019 | Updated on Oct 24, 2019

For the quarter ended September 2019, AXIS BANK has posted a net profit of Rs 1 bn (down 114.2% YoY). Sales on the other hand came in at Rs 154 bn (up 16.2% YoY). Read on for a complete analysis of AXIS BANK's quarterly results.

AXIS BANK Announces Quarterly Results (1QFY20); Net Profit Up 95.4% (Quarterly Result Update)

Aug 1, 2019 | Updated on Aug 1, 2019

For the quarter ended June 2019, AXIS BANK has posted a net profit of Rs 14 bn (up 95.4% YoY). Sales on the other hand came in at Rs 153 bn (up 19.4% YoY). Read on for a complete analysis of AXIS BANK's quarterly results.

Axis Bank: Lower Slippages Save Bottomline Performance (Quarterly Results Update - Detailed)

Feb 6, 2018

Lower provisioning leads to the net profits growing by 25% during the quarter. However, asset quality remains a concern and would be the key thing to watch out for in the coming quarters results.

Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)

Mar 12, 2018

Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?

More Views on News

Most Popular

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

A Simple, 7-Step Checklist for Your Trading Success

Dec 4, 2019

What we can learn from one of the greatest traders to have ever lived.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

The Best Trading Strategy for Fast Profits

Nov 29, 2019

Vijay and I have decided to team up and bring you a unique offering never seen before in the Indian stock markets.

This PSU Turned into a Rare 100 Bagger. Others May Follow.(The 5 Minute Wrapup)

Nov 27, 2019

The lowest hanging fruit for government to raise capital would be to sell off stakes in non-critical PSUs.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

AXIS BANK SHARE PRICE


Dec 10, 2019 (Close)

TRACK AXIS BANK

  • Track your investment in AXIS BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

AXIS BANK - WELLS FARGO COMPARISON

COMPARE AXIS BANK WITH

MARKET STATS