Axis Bank Q2 Result Update Highlights: Anand Rathi
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Anand Rathi Report
Axis Bank Ltd. reported a net interest income growth of 8% in its Q2 FY22 standalone results at Rs 79,000 million as against Rs 73,260 million in Q2 FY21, driven by advances growth of 10% and a net interest margin of 3.39%.
Non-interest income (comprising of fee, trading profit and miscellaneous income) for Q2 FY22 stood at Rs 32,310 million, growth of 17% year-on-year.
Operating profit for Q2 FY22 stood at Rs.59,280 million, down by 11% year-on-year.
Core operating profit for Q2 FY22 stood at Rs 54,560 million, down by 7% year-on-year.
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