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Axis Bank turns black in Q4
Apr-25-2024

Axis Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The bank has reported net profit of Rs 7,129.67 crore for the quarter under review as compared to net loss of Rs 5,728.42 crore for the same quarter in the previous year. Total income of the bank increased by 25.15% at Rs 35,990.33 crore for Q4FY24 as compared Rs 28,757.56 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported net profit of Rs 7,613.55 crore for fourth quarter ended March 31, 2024 as compared to net loss of Rs 5,371.18 crore for the same quarter in the previous year. However, total income of the bank increased by 26.04% at Rs 37,836.10 crore for Q4FY24 as compared Rs 30,018.03 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the bank has reported over 2-fold jump in its net profit at Rs 24,861.43 crore as compared to Rs 9,579.68 crore for the previous year. Total income of the bank increased by 30.11% at Rs 1,31,810.59 crore for year under review as compared to Rs 1,01,307.19 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 26,423.54 crore as compared to Rs 10,852.66 crore for the previous year. Total income of the bank increased by 30.43% at Rs 1,37,989.36 crore for year under review as compared to Rs 1,05,797.30 crore for year ended March 31, 2023.


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