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Axis Bank Q2 results: Net profit jumps 70% to Rs 5,330 cr; NII up 31%

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Private lender on Thursday reported 70% jump in standalone net profit at Rs 5,330 crore for the quarter ending September 30, 2022. The bank reported standalone net profit of Rs 3,133 crore in the year-ago period.


The lender’s net interest income rose 31% on an annual basis and 10% on a sequential basis.


On Thursday, the bank’s scrip on BSE closed 0.5% lower at Rs 825.40.


Amitabh Chaudhry, MD&CEO, said: “Over the past 12 months, we have made significant strides across every identified priority area. The focus on customer obsession and digitisation has got our acquisition engine humming. The core operating profits and margins have grown on the back of strong performance across business segments.”

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