Axis Bank rose 0.64% to Rs 524.50 at 14:31 IST on BSE after net profit rose 18.93% to Rs 1915.64 crore on 13.75% growth in total income to Rs 12001.01 crore in Q2 September 2015 over Q2 September 2014.
The result was announnced during market hours today, 27 October 2015.
Meanwhile, the S&P BSE Sensex was down 123.68 points or 0.45% at 27,238.28.
On BSE, so far 5.89 lakh shares were traded in the counter as against average daily volume of 7.18 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.31% at the day's high of Rs 528 so far during the day. The stock lost as much as 1.02% at the day's low of Rs 515.80 so far during the day. The scrip had hit a record high of Rs 655.35 on 4 March 2015. The scrip had hit a 52-week low of Rs 420.25 on 27 October 2014.
The stock had underperformed the market over the past one month till 26 October 2015, gaining 1.44% compared with the Sensex's 5.79% rise. The scrip had also underperformed the market in past one quarter, sliding 10.29% as against Sensex's 2.67% fall.
The large-cap bank has equity capital of Rs 475.61 crore. Face value per share is Rs 2.
On absolute basis, Axis Bank's gross non-performing assets (NPAs) stood at Rs 4451.11 crore as on 30 September 2015 as against Rs 4251.18 crore as on 30 June 2015 and Rs 3613.10 crore as on 30 September 2014. The ratio of gross NPAs to gross advances stood at 1.38% as on 30 September 2015, same as 1.38% as on 30 June 2015 and 1.34% as on 30 September 2014. The ratio of net NPAs to net advances stood at 0.48% as on 30 September 2015, same as 0.48% as on 30 June 2015 and 0.44% as on 30 September 2014.
Axis Bank's provisions and contingencies declined 2.46% to Rs 707.17 crore in Q2 September 2015 over Q2 September 2014.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 14.37% as on 30 September 2015 as against 14.5% as on 30 June 2015 and 14.84% as on 30 September 2014.
Axis Bank is one of the biggest private sector banks in India.
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