Axis Bank Q3 Results: Date, Time, Share Price History And More

Axis Bank Ltd., one of India’s leading private sector lenders, informed the stock exchanges that it will release its financial results for the quarter ending Dec. 31, 2024, this week. 

With a market cap of over Rs 3.25 lakh crore, Axis Bank is India's third-largest private sector bank by assets and fourth-largest by market capitalisation. The Mumbai-headquartered bank has around 52 million customers, 5,577 branches and over 1.03 lakh employees as of September 2024.

Here is what you need to know about Axis Bank's Q3 results.

Axis Bank, in a stock exchange filing, informed that its board of directors will meet to approve the results for the quarter ended Dec. 31, 2024, on Thursday, Jan. 16.

"In reference to the above, we would like to inform you that a meeting of the Board of Directors of Axis Bank Limited (the "Bank") will be held on Thursday, January 16, 2025, inter alia to consider and approve the unaudited standalone and consolidated financial results of the Bank, for the quarter and nine months ended December 31, 2024, which shall be subjected to limited review by the joint statutory auditors," the filing said.

In another exchange filing, Axis Bank informed that it will also hold an earnings call with analysts and investors on Jan. 16 at 6:20 p.m.

"We wish to inform you that the Bank will host an earnings call with analysts and investors at 18:20 P.M. (IST) on January 16, 2025, wherein the senior management of the Bank will discuss the Financial Results with the participants," the filing said.

Shares of Axis Bank have fallen 3.56% in the last five sessions, and 10% in the past month. Over the last year, Axis Bank's stock price has declined 7.5%. On Jan. 15, shares of Axis Bank were trading at Rs 1034.75 apiece as of 10:42 a.m. on the NSE.

Axis Bank posted a net profit of Rs 6,918 crore in the second quarter of the ongoing fiscal, marking an 18% year-on-year increase. Sequentially, the bank's bottom line grew by 15%. The private sector bank saw an improvement in asset quality, with the gross non-performing assets (NPA) declining to 1.44% as of September 30, down from 1.54% in the previous quarter. The net NPA remained unchanged at 0.34% from the previous quarter. The bank's net interest income grew 9% YoY to Rs 13, 483 crore in Q2 of the ongoing fiscal.