Axis Bank Q3 Results Review — Yes Securities Retains 'Buy' On The Stock, Revises Target Price; Sees 35% Upside

The advances for Axis Bank stood at Rs 10,146 billion, up by 1.5% QoQ and 8.8% YoY..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.We reiterate Buy rating on Axis Bank Ltd. with a revised price target of Rs 1400.Asset Quality – Gross slippages rose on sequential basis due to seasonality and stress on unsecured retail: Gross NPA additions amounted to Rs 54.32 billion for Q3 FY25, translating to an annualized slippage ratio of 2.1% for the quarter. Gross non-performing asset additions had amounted to Rs 44.43 billion during Q2 FY25. A dominant part of the slippages for Q3 emerged from the personal loans and credit cards book. Most of the sequential rise in gross slippages amounting to Rs 9.89 billion comes from seasonality pertaining to agri loan slippages. Reported net credit cost amounted to 80 bps for the quarter. The bank provides 100% on retail unsecured NPLs or linked loans on day 1 itself or 91 days past due, which is a tighter provisioning policy than several peers. Consequently, the credit cost for the bank would be higher than other banks in the initial quarters in the current cycle..Click on the attachment to read the full report:.Axis Bank Q3 Results Review — 'Hold' The Stock Says Systematix On Weak Performance; Revises Target Price.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Axis Bank Q3 Results Review — Yes Securities Retains 'Buy' On The Stock, Revises Target Price; Sees 35% Upside

Axis Bank's provisioning policy and focus on liability granularity and RaROC demonstrate conservativeness, adds the brokerage.

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Axis Bank Q3 Results Review — Yes Securities Retains 'Buy' On The Stock, Revises Target Price; Sees 35% Upside

Axis Bank's provisioning policy and focus on liability granularity and RaROC demonstrate conservativeness, adds the brokerage.

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