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Axis Bank Q2 preview: Profit may rise over 40% YoY on low provisions

Analysts said progress of the Citi portfolio, direction of operating profit growth, and credit growth amid slowdown concerns will be tracked by investors

Photo: Bloomberg
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Photo: Bloomberg

Nikita Vashisht New Delhi
Axis Bank Q2 preview: Axis Bank, which is slated to report its September quarter (Q2) result for fiscal 2022-23 (FY23) on Thursday, October 20, is expected to post net profit growth of over 40 per cent year-on-year, brokerages noted. On a quarterly basis, it could see an improvement of at least 8 per cent. That apart, net interest income (NII), they projected, may rise nearly 25 per cent YoY.

In the year-ago quarter (Q2FY22), Axis Bank had reported net profit of Rs 3,133.3 crore, operating profit of Rs 5,928.2 crore, and NII of Rs 7,900.3 crore. It's net interest margin (NIM)

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First Published: Oct 19 2022 | 10:01 AM IST

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