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Axis Bank Q3 Results Review — 'Hold' The Stock Says Systematix On Weak Performance; Revises Target Price
The brokerage retains Hold rating on weak growth outlook while valuation remains low around -1SD below long-term average.
17 Jan 2025, 08:16 AM IST 
Axis Bank reported Q3 FY25 profit after tax of Rs 63 billion which declined by -9% QoQ, +4% YoY.
(Image Source: Vijay Sartape/NDTV Profit)
Given the current weak deposit growth trends and elevated C-D ratio levels, we reduce Axis Bank's FY25/26/27 loan growth estimates to 9%/12%/11% from 12%/13%/14% estimates earlier.
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