NEW DELHI: Axis Bank Ltd, India's third-biggest private sector lender by means of belongings, on Monday reported a 46 in keeping with cent fall in first-quarter profit as its dangerous loans continued to upward push.
The bank's net profit for the period ended June 30 fell to Rs 701 crore ($102.14 million) from Rs 1,306 crore a 12 months ago, it stated.
Analysts had anticipated a net profit of Rs 556 crore, in step with Thomson Reuters I/B/E/S.
Gross non-performing loans as a share of total loans fell to 6.52 in keeping with cent at end-June, when compared with 6.77 in keeping with cent three months previous, however rose year-on-year from five.03 in keeping with cent within the first quarter of 2017.
The bank's net profit for the period ended June 30 fell to Rs 701 crore ($102.14 million) from Rs 1,306 crore a 12 months ago, it stated.
Analysts had anticipated a net profit of Rs 556 crore, in step with Thomson Reuters I/B/E/S.
Gross non-performing loans as a share of total loans fell to 6.52 in keeping with cent at end-June, when compared with 6.77 in keeping with cent three months previous, however rose year-on-year from five.03 in keeping with cent within the first quarter of 2017.
Axis Bank net profit falls 46% in Q1
![Axis Bank net profit falls 46% in Q1]()
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July 30, 2018
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