Axis Bank Ltd. Brokerage/Research Reports, analyst Research Reports (2024)

Broker Report

AXIS BANK LIMITED

Geojit BNP Paribas

Broker Report

Core operating performance intact; Seasonal impact led to higher credit costs

KRChoksey

AXSB’s Net Interest Income (NII) grew 12.5% YoY/ 2.7% QoQ to INR 134,482 Mn in Q1FY25. NII was 2.0% higher than our estimates.

Broker Report

Axis Bank | Q1FY25 Result Update

Edelweiss

Balance Sheet steady but miss on operating metrics

Broker Report

Weak quarter impacted by seasonality; deposits growth to drive loan growth in the near term

ICICI Securities Limited

Axis Bank (Axis) reported weaker-than-expected Q1FY25 PAT of INR 60.3bn (up 4% YoY; ~5% miss) on the back of a 15% YoY rise in operating earnings and ~97% YoY jump in provisioning.

Broker Report

AXIS BANK LTD

Prabhudas Lilladhar

Broker Report

Axis Bank: Q1FY25 Result Review

IDBI Capital

Broker Report

Firm margins; but higher LLP causes an earnings miss

Emkay

Axis Bank logged a 10% earnings miss, with PAT/ROA lower at Rs60bn/~1.6% mainly due to LLP being higher (0.9% of loans) on account of higher NPAs/slower recoveries.

Broker Report

Mixed bag Q1

Sharekhan

Q1FY2025 numbers were a mixed bag. Net interest income (NII) at Rs. 13,448 crore grew by ~12%
y-o-y/~3% q-o-q. NIMs were stable q-o-q at 4.05%.

Broker Report

High provisions drag earnings; elevated C/D ratio to suppress loan growth

Motilal Oswal

Axis Bank (AXSB) reported a net profit of INR60.3b (+4% YoY; 6% miss) in 1QFY25. The miss was due to higher provisions. NII grew 12% YoY and 3% QoQ to INR134.5b (in line).

Broker Report

Technical pick update - AXIS BANK

IDBI Capital

Broker Report

TECHNICAL PICK: AXIS BANK

IDBI Capital

Broker Report

Gradually improving operating performance

KRChoksey

AXSB’s Net Interest Income (NII) grew 11.5% YoY/ 4.4% QoQ to INR 130,890 Mn in Q4FY24. NII was 2.5% higher than our estimates.

Broker Report

Axis Bank (HOLD): Moderate business growth; PAT supported by other income

BOB Capital Markets Ltd.

NII growth remained subdued at 11% YoY on higher cost of funds in line with moderate business growth; credit/deposit grew 14%/13% YoY

Broker Report

Axis Bank | Q4FY24 Result Update

Edelweiss

Improvement in NIM & other income; poised for growth

Broker Report

Axis Bank: Q4FY24 Result Review

IDBI Capital

Broker Report

Strong quarter with historical high RoA of 2.0%

ICICI Securities Limited

Driven by NIM uptick (vs. our estimate of decline), bulky treasury gains and contained opex, Axis Bank (Axis) reported a strong Q4FY24 PAT of INR 71.3bn. Reported RoA came in at a historical high of 2.0%, while asset quality remained comfortable.

Broker Report

Steady retail build-up aids margin expansion

Emkay

Despite slower credit growth at 14% YoY/3.5% QoQ, Axis Bank reported 5bps
QoQ margin expansion, mainly on a contained rise in CoF and steady increase
in share of retail portfolio. This, along with higher trading gains, partly offset
by elevated opex & provision, led to a 5% beat on PAT at Rs71.3bn.

Broker Report

AXIS BANK LTD

Prabhudas Lilladhar

Broker Report

Axis bank

SMC online

Broker Report

BP Equities Q3FY24 Result Update Axis Bank

BP Wealth