ETMarkets.comAxis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 303723.85 Crore).
Axis Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.
Financials
For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 31894.20 Crore, up 5.87 % from last quarter Total Income of Rs 30125.55 Crore and up 40.59 % from last year same quarter Total Income of Rs 22686.46 Crore. The bank has reported net profit after tax of Rs 6091.35 Crore in latest quarter.
Investment Rationale
The bank has a strong management team and a well-articulated strategy aimed at delivering 18% sustainable RoE and the brokerage estimates RoA to recover further aided by steady loan growth.
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