Axis Bank Ltd., the third largest private sector bank, reported a marginal decline in net profit for the fourth quarter ended March 31, 2025 at ₹7,117.50 crore from ₹7,130 crore in the year-ago period.
Net interest income (NII) for the quarter grew 6% YoY to ₹13,811 crore. Net interest margin (NIM) stood at 3.97%.
The board has recommended a dividend of ₹1 per equity share of face value of ₹2 per equity share for the year ended March 31, 2025.
The board has approved raising of funds by issuance of debt instruments up to an amount of ₹35,000 crore. It has also approved raising of funds by issuance of equity shares/ depository receipts and/or any other instruments up to an amount of ₹20,000 crore. The board has also approved the increase in limit of the bank up to an amount of ₹3,00,000 crore for borrowings.
Provision and contingencies for the quarter stood at ₹1,359 crore. Specific loan loss provisions stood at ₹1,369 crore. The bank holds cumulative provisions (standard plus additional other than NPA) of ₹11,957 crore at the end of the quarter.
This is over and above the NPA provisioning included in the bank’s PCR calculations, it said. These cumulative provisions translate to a standard asset coverage of 1.15% as on March 31, 2025.
On an aggregated basis, our provision coverage ratio (including specific + standard + additional) stands at 157% of GNPA as on March 31, 2025.
Net interest income for FY25 grew 9% YoY to ₹54,348 crore from ₹49,894 crore in FY24. Total provisions for FY25 stood at ₹7,758 crore. Net profit for FY25 grew 6% to ₹26,373 crores from ₹24,861 crores in FY24.
The bank’s balance sheet grew 9% YoY and stood at ₹16,09,930 crore as on March 31, 2025. Total deposits grew 10% YoY on month end basis. The bank’s advances grew 8% YoY to ₹10,40,811 crore as on March 31, 2025. Retail loans grew 7% YoY to ₹6,22,897 crore and accounted for 60% of the net advances.
The share of secured retail loans was 72%, with home loans comprising 27% of the retail book. Home loans grew 1% YoY, personal loans grew 8% YoY, credit card advances grew 4% YoY, Small Business Banking (SBB) grew 17% YoY and rural loan portfolio grew 7% YoY . SME book grew 14% YoY to ₹1,18,521 crore. Corporate loan book grew 8% YoY.
As on March 31, 2025 the bank’s reported Gross NPA and Net NPA levels were 1.28% and 0.33% respectively, as against 1.46% and 0.35% as on December 31, 2024.
Recoveries from written off accounts for the quarter was ₹935 crore. Gross slippages during the quarter were higher at ₹4,805 crore, compared with ₹3,471 crore a year earlier. Recoveries and upgrades from NPAs during the quarter were ₹2,791 crore. The bank in the quarter wrote off NPAs aggregating ₹3,375 crore.
As on March 31, 2025, the bank’s provision coverage, as a proportion of Gross NPAs stood at 75%, as compared with 76% as on December 31, 2024 and 79% as on March 31, 2024.
Published – April 24, 2025 09:04 pm IST
