Axis Bank Q4 preview: Lender likely to return to profit; NII may grow 13%; all eyes on commentary


MUMBAI: is anticipated to report a web revenue of Rs 1,734.2 crore for the quarter ended March as in opposition to a web lack of Rs 1,387.8 crore within the year-ago quarter due to a pointy fall in provisions, a median of estimates from six brokerages confirmed.

Motilal Oswal Financial Services expects provisions within the quarter to fall sharply on a year-on-year foundation to Rs 4,500 crore from Rs 7,730 crore a yr in the past.

The personal sector lender will report its March quarter earnings on Tuesday.

The lender is likely to report a 13 per cent year-on-year development in web curiosity revenue to Rs 7,712.44 crore due to decide up in lending exercise throughout the quarter, analysts stated. The lender’s mortgage e-book is anticipated to swell 6.5-7.0 per cent on-year regardless of conservative lending norms and stricter underwriting requirements.

Analysts anticipate the personal sector financial institution to report an 8-9 per cent year-on-year development in pre-provision working revenue at Rs 6,379.8 crore for the reported quarter.

Brokerage agency expects the financial institution’s gross non-performing property ratio to are available in at 4.5 per cent due to the withdrawal of the Supreme Court’s halt on recognition of dangerous loans prior to August 31. The brokerage believes credit score prices might stay greater at 70 foundation factors given administration’s indication that they’d not like to spill over Covid-related affect to the brand new fiscal yr.

Besides the earnings, analysts will be careful for the financial institution’s commentary on asset high quality and credit score development going forward given the resurgence in Covid-19 instances and lockdowns throughout the nation.

Shares of Axis Bank ended 4.2 per cent greater at Rs 699.5 on the National Stock Exchange right now.



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