Axis Bank shines on turning black in Q4
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Axis Bank is currently trading at Rs. 1116.40, up by 52.70 points or 4.95% from its previous closing of Rs. 1063.70 on the BSE.
The scrip opened at Rs. 1098.30 and has touched a high and low of Rs. 1119.00 and Rs. 1086.10 respectively. So far 529909 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1151.50 on 05-Dec-2023 and a 52 week low of Rs. 853.75 on 28-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1119.65 and Rs. 995.95 respectively. The current market cap of the company is Rs. 342504.13 crore.
The promoters holding in the company stood at 8.22%, while Institutions and Non-Institutions held 83.97% and 7.82% respectively.
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.
