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Apr 24, 2024 04:45 PM IST
Axis Bank Q4 results: The private bank reported a standalone net profit of 71.30 billion Indian rupees ($856.3 million) for the quarter ended March 31
Axis Bank reported fourth-quarter profit above estimates on Wednesday, helped by strong loan growth.
Axis Bank Q4 results: Axis Bank had reported a one-time loss of 57.28 billion rupees in the year-ago period.(Bloomberg) The private bank reported a standalone net profit - which excludes its subsidiaries - of 71.30 billion Indian rupees ($856.3 million) for the quarter ended March 31, while analysts had expected a profit of 55.40 billion rupees, as per LSEG data.
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Read more: Hindustan Unilever Q4 results: Net profit of ₹2,558 crore; ₹24 dividend declared
Axis Bank had reported a one-time loss of 57.28 billion rupees in the year-ago period, weighed down by costs incurred due to its $1.41 billion Citi deal.
