The bank announced Q4 results on Wednesday, 24 April 2013.
Meanwhile, the BSE Sensex was up 139.93 points, or 0.73%, to 19,319.29.
On BSE, 80,000 shares were traded in the counter as against an average daily volume of 1.81 lakh shares in the past one quarter.
The stock hit a high of Rs 1,487.60 and a low of Rs 1,452 so far during the day. The stock had hit a 52-week high of Rs 1519 on 1 February 2013. The stock had hit a 52-week low of Rs 922 on 18 May 2012.
The stock had outperformed the market over the past one month till 23 April 2013, rising 11.08% compared with the Sensex's 2.37% rise. The scrip had also outperformed the market in past one quarter, gaining 3.21% as against Sensex's 4.23% fall.
The large-cap private sector bank has an equity capital of Rs 468.25 crore. Face value per share is Rs 10.
The bank's net interest income jumped 24.16% to Rs 2664.66 crore in Q4 March 2013 over Q4 March 2012. Other Income comprising fees, trading profit and miscellaneous income jumped 26.43% to Rs 2007.17 crore in Q4 March 2013 over Q4 March 2012, driven by fee income and trading profit. The bank's fee income jumped 22% to Rs 1618 crore. Trading income jumped 63% Rs 238 crore in Q4 March 2013 over Q4 March 2012.
The bank's advances grew 16% year-on-year (YOY) to Rs 196966 crore as on 31 March 2013 over 31 March 2012. Retail advances grew 44% YOY to Rs 53960 crore as on 31 March 2013, and accounted for 27% of net advances of the bank compared to 22% last year. Small and medium enterprises (SME) segment too recorded healthy growth of 26% YOY and stood at Rs 29922 crore. Investments grew 22% YOY to reach a level of Rs 113738 crore as on 31 March 2013 from Rs 93192 crore last year. Of the Investment book, share of government securities was 64%. Investments in other securities such as corporate bonds, equities, preference shares, mutual funds etc. accounted for the balance.
Axis Bank said that its retail franchise continued to show strong growth in Q4 March 2013. Savings bank deposits recorded a healthy growth of 23% YOY to reach Rs 63778 crore as on 31 March 2013 and current account deposits grew 22% and stood at Rs 48,322 crores. During the year, current account, savings account (CASA) grew 23%. On a daily average basis, CASA grew 14% YOY and constituted 36% of total deposits. During the same period, Retail Term Deposits grew 24% YOY and now comprise 42% of total term deposits. CASA plus retail term deposits constituted 68% of total deposits as on 31 March 2013. Retail deposits constituting savings bank deposits and retail term deposits, grew 24% YOY and stood at Rs 123308 crore as on 31 March 2013.
Axis Bank said its quality remains stable. As on 31 March 2013, the ratio of gross non-performing assets (NPAs) to net advances and net NPAs to net advances stood at 1.06% and 0.32%, as against 1.10% and 0.33% respectively as on 31 December 2012. The bank held a provision coverage of 79% as on 31 March 2013 (as a proportion of gross NPAs including prudential write-offs). The provision coverage (as a proportion of gross NPAs before accumulated write-offs) was 89%. The bank restructured assets aggregating Rs 791 crore during Q4 March 2013. The cumulative value of assets restructured till 31 March 2013, stood at Rs 4368 crore constituting 1.94% of gross customer assets.
Axis Bank said that the bank is well capitalised with equity capital of Rs 5537 crore raised in Q4 March 2013. The bank said that it is well positioned for growth with a healthy capital adequacy ratio (CAR) of 17%, and Tier-I CAR at 12.23% as on 31 March 2013.
Axis Bank's board of directors has recommended the payment of dividend of Rs 18 per share for the year ended 31 March 2013.
During Q4 March 2013, the bank added 160 branches and 882 ATMs to its network across the country and at the end of 31 March 2013, had a network of 1,947 domestic branches and extension counters and 11,245 ATMs situated in 1,263 cities and towns, compared to 1,622 domestic branches and extension counters, and 9,924 ATMs situated in 1,050 cities and towns last year.
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