Axis Bank Q4 Review - Cutting Earnings Due To Higher Opex: Nirmal Bang

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Axis Bank Ltd.’s Q4 FY22 operating profit came under pressure due to 7% YoY growth in net revenue while investments in growth and technology continued to keep opex elevated. Net profit growth was 53.8% YoY, led by 70% YoY drop in provisioning. Loans increased by 15% YoY with retail growing by 21% YoY. In wholesale segment, commercial banking and mid-corporates were the focus segments. Net interest margin contracted by 4 basis points QoQ as yields declined and cost of deposits increased by 5 bps QoQ. Axis Bank's management remains optimistic with respect to net interest margin trajectory going ahead on the back of improving balance sheet composition, faster growth in high-margin unsecured loans and run-down of the rural infrastructure development fund bonds. Asset quality improved and the credit cost is expected to trend down. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Axis Bank Q4 Review - Cutting Earnings Due To Higher Opex: Nirmal Bang

Axis Bank Q4 Review - Cutting Earnings Due To Higher Opex: Nirmal Bang

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