Q4FY23 Quarterly & FY23 Annual Result Announced for Axis Bank Ltd.
Axis Bank announced Q4FY23 & FY23 results: Q4FY23: Q4FY23 Net Interest Income up 33% YoY and 2% QoQ, Net Interest Margin at 4.22%, up 73 bps YoY Q4FY23 Fee up 24% YoY and 14% QoQ, Core Operating profit up 46% YoY and 3% QoQ CASA grew 21% YoY and 18% QoQ, CASA ratio stood at 47%, up 215 bps YoY and 261 bps QoQ GNPA% at 2.02% declined by 80 bps YoY & 36 bps QoQ, NNPA% at 0.39% declined by 34 bps YoY & 8 bps QoQ Domestic advances are up 23% YoY, 13% QoQ SME up 23% YoY, 13% QoQ Domestic Corporate up 24% YoY, 11% QoQ Retail up 22% YoY, 14% QoQ FY23: For FY23 (excluding exceptional items) - PAT at Rs 21,933 crore up 68% YoY, consolidated RoA at 1.82%, consolidated RoE at 18.84% Overall CAR stood at 17.64% with CET 1 ratio of 14.02%, a self-sustaining capital structure for FY23 ‘NEO’ by Axis Bank wins 3 prestigious awards in Q4, Axis Bank now ranked 2nd in NEFT market share The Board of Directors has recommended dividend of Re 1 per equity share of face value of Rs 2 per equity share for FY23. This would be subject to approval by the shareholders at the next annual general meeting. Amitabh Chaudhry, MD & CEO, Axis Bank said "With the acquisition of Citibank India Consumer Business, we welcomed over 2.4 million new customers and ~3200 employees to the Axis family. The deal bolsters our market presence, especially in the growth of our premium market share across wealth and cards. We are working on the synergies, some of which are already yielding favorable outcomes. During the quarter, we also made significant progress on Bharat Banking and Digital, two of our priority areas. Overall, we closed the year with a strong sense of purpose and meaningful strides towards building a strong, sustainable franchise.” Result PDF27-04-2023
