Half Year 2025 Axis Bank Ltd Earnings Call Transcript
Key Points
- Axis Bank Ltd (FRA:UZC) reported a consolidated ROE of 18.08%, showing an improvement of 140 basis points quarter-on-quarter.
- The bank's operating profit increased by 24% year-on-year and 6% quarter-on-quarter, driven by healthy operating income growth.
- Axis Bank Ltd (FRA:UZC) achieved a 14% year-on-year growth in deposits and a 24% year-on-year growth in new customer acquisitions.
- The bank's CET1 ratio stands at 14.12%, indicating a strong capital position.
- Axis Bank Ltd (FRA:UZC) continues to expand its branch network, opening 150 new branches in the last quarter and 200 in the first half of the fiscal year.
- The bank's net interest margin declined by 6 basis points quarter-on-quarter, largely due to interest on income tax refund recorded in the previous quarter.
- Retail slippages are largely from unsecured product segments, indicating stress in this area.
- The bank's loan growth of 11% is below the system average, raising concerns about its competitiveness.
- Axis Bank Ltd (FRA:UZC) made provisions aggregating to INR520 crores under the head provision for other contingencies, which are prudent but not for current or future NPAs.
- The bank's CASA ratio has remained flat, indicating challenges in improving the quality of low-cost deposits.
Ladies and gentlemen and welcome to the Axis Bank Ltd conference call to discuss the bank financial results for the quarter ended 30 September 2024 on the call, we have Mr Amitabh MD and CEO and Mr Punit Sharma Co I now hand the conference over to Mr Amitabh MD and CEO. Thank you and over to you, sir.
Thank you, Michelle. we have on the call, Rajiv Anand, Deputy MD; Subrat Mohanty, ED; Munish Sharda, ED; and other senior members of the leadership team.
This quarter, we delivered steady operating performance led by higher growth across our focused business segments and sequential improvement in key return ratios. We remain committed to build long term advantage with investments in technology, analytics, control and cybersecurity. The bank continues to win various external awards and commission across its different businesses.
Substantiating the investment and progress made over the last few years resulting in this winning mindset of the bank. Let
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