• Source:JND
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Axis Bank Share Price:  Axis Bank shares rose more than 4% following the release of the lender's strong September quarter earnings report. The stock jumped 4.11% to Rs 1,178.75 on the BSE, making it the top performer among BSE Sensex companies. The NSE also increased by 4.13% to Rs 1,178.70.

Axis Bank reported a 19.29 per cent increase in consolidated net profit for the quarter, reaching Rs 7,401.26 crore, despite facing some challenges in its unsecured loans segment. India's third-largest private sector bank posted an 18 per cent increase in net profit to Rs 6,917.57 crore for the July-September period of 2024-25 fiscal on a standalone basis.

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Axis Bank showed a 9% growth in core net interest income to Rs 13,483 crore as one of the first big banks to report quarterly earnings. Net advances increased by 11%, but net interest margin decreased slightly by 0.12% to 3.99%.

Non-interest income, among other bank income, climbed 34% to Rs 6,722 crore, largely due to a Rs 1,111 crore increase in trading income. Axis Bank also reported a healthy 14% growth in total deposits and stressed that it is not relying on an aggressive pricing strategy to attract deposits.

According to a regulatory filing on Thursday, the bank's total income for the quarter was Rs 37,142 crore, up from Rs 31,660 crore in the same period last year.

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