Friday, 3 December, 2021
HomeBusinessAxis Bank Shares Plunge Over 4% Post September Quarter Earnings

Axis Bank Shares Plunge Over 4% Post September Quarter Earnings

At 10:10 am, Axis Financial institution shares had been buying and selling at Rs 805.45, decrease by 4.3 per cent, on the BSE

Axis Financial institution shares have plunged greater than 3 per cent in a powerful marker a day after the non-public lender reported its September quarter earnings. Axis Financial institution reported a 86 per cent soar in standalone web revenue to Rs 3,133 crore within the second quarter ended September 2021, in comparison with Rs 1,682.67 crore within the corresponding interval final yr. At 10:10 am, Axis Financial institution shares had been buying and selling at Rs 805.45, decrease by 4.3 per cent, on the BSE.

The financial institution’s web curiosity earnings grew to Rs 7,900 crore from Rs 7,326 crore within the corresponding interval final yr and web curiosity margin within the September quarter stood at 3.39 per cent.

Axis Financial institution’s gross non-performing property (NPA) and web NPA ranges stood at 3.53 per cent and 1.08 per cent respectively, in comparison with 3.85 per cent and 1.20 per cent within the previous April-June quarter.

The BSE Sensex and NSE Nifty had been buying and selling flat on the time.

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