Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows

Bank's Capital Adequacy Ratio stood at 17.5 per cent at end of December 2017

After a prolonged period of negative stock reaction to its quarterly results, Axis Bank broke the jinx with its December quarter (Q3) performance. The stock was among the top gainers on Monday, rising 3.5 per cent, thanks to the Q3 numbers. Which, most analysts say, bettered their expectations on core operations and asset quality.

Net profit rose 25 per cent year-on-year to Rs 7.26 billion, led by robust growth in net interest income, which grew nine per cent to Rs 47.3 bn.
 

Yet, this wasn’t enough to aid the net interest margin (NIM), which came at 3.38 per cent as