Axis Bank Limited Q4 Result, Dividend of 1 per equity share
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Profitability metrics have improved significantly:
Net Profit for Q4FY19 stood at `1,505 crores
Operating profit for Q4FY19 grew strongly at 37% YOY and stood at `5,014 crores
Net Interest Income for Q4FY19 grew 21% YOY to `5,706 crores; NIM stood at 3.44%
Fee income for Q4FY19 grew strongly at 23% YOY, led by Retail Fees, which grew 37% YOY
Net Profit for FY19 stood at `4,677crores as compared to `276 crores in FY18
Operating profit for FY19 grew 22% YOY
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Asset quality metrics continue to improve:
GNPA and NNPA fell for the 4th straight quarter. Stands at 5.26% and 2.06%, down from 5.75% and
2.36 % QOQ
Gross slippages for the quarter stood at `3,012 crores
Outstanding BB & Below corporate loans stand at 1.3% of customer assets, down 2% QOQ
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Provision Coverage enhanced:
Provision Coverage Ratio of the Bank has sequentially improved to 77% from 75%
Created higher provisions against select standard assets
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Healthy loan growth:
Domestic loan growth stood at 18% YOY
Retail loan book grew 19% YOY
Retail advances are now 50% of total advances of the Bank
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Deposit franchise had a strong quarter:
Total deposits on quarterly average basis grew 24% YOY
CASA and Retail Term Deposits together were up 21% YOY on quarterly average basis
Liquidity position improved further
Loan to Deposit ratio stood at 90%
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Among the top players in the digital space:
Mobile banking spends grew 89% YOY, Credit Card spends grew 26% YOY
Market share in UPI transactions stood at 11% for Q4FY19
The share of digital channels in personal loan disbursements increased to 46% from 30% last year
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The Bank’s Capital Adequacy Ratio (CAR) remains stable. Under Basel III, Total CAR & Tier I stood at
15.84% and 12.54% respectively.
