Axis Bank Q1 Results Review - Soft Quarter Does Not Change Structural Thesis: Yes Securities

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.Axis Bank Ltd.'s gross non-performing asset additions amounted to Rs 47.93 billion for Q1 FY25, translating to an annualized slippage ratio of 1.97% for the quarter. Gross NPA additions had amounted to Rs 34.71 billion during Q4 FY24. The retail book contributed Rs 42.29 billion to slippages in the quarter compared with Rs 31.1 billion in Q4. 32% of total slippages were linked accounts which were standard when classified or upgraded during the quarter. There has been deterioration in asset quality across some parts of the book, such as retail unsecured but it is not a of concern as of now as internal risk benchmarks have not been breached. Reported net credit cost amounted to 97 bps for the quarter but management does not regard this as indicative of the credit cost expected for full year FY25. About 30 bps of this is attributable to timing difference for recoveries from the wholesale book, which would eventually happen..Click on the attachment to read the full report:.Axis Bank Q1 Results Review - Net Interest Margins Stable; RoA Dipped Due To Higher Credit Cost: IDBI Capital.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 Q1 Results Review - Soft Quarter Does Not Change Structural Thesis: Yes Securities

The brokerage reiterates Buy rating on Axis Bank with a revised price target of Rs 1550.

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Axis Bank Q1 Results Review - Soft Quarter Does Not Change Structural Thesis: Yes Securities

The brokerage reiterates Buy rating on Axis Bank with a revised price target of Rs 1550.

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