Axis Bank quarter 4 result

Hi guys
Myself Bittu kumar. The quarter 4 result of axis bank is out in last evening.
In this blog i'm going to share the result of quarter 4 of axis bank.

1)Net Profit

The private sector bank on Thursday reported profit of Rs 1,505.06 crore for quarter ended March 31.It had reported a loss of Rs 2,188.74 crore in the corresponding quarter last year.

2)Dividend

The board has recommended a dividend of Rs 1 per equity share on face value of Rs 2 per equity share for year ended March 31.

3)Provision and Contingencies

The figure declined 62 percent YoY and 11.23 percent QoQ to Rs 2,711.43 crore. Provision coverage ratio has sequentially improved to 77 percent from 75 percent.

4)Asset quality

Percentage of gross non-performing assets(NPA) improved to 5.56 percent from 5.75 percent in the preceding quarter ended December 31. The figure stood at 6.77 percent in the corresponding quarter last year. Net NPA also eased to 2.06 percent against 2.36 percent on a QoQ basis. It was at 3.40 percent last year.

In absolute term, gross NPA declined to Rs 29,789 crore from Rs 34289.64 crore YoY. And Net NPA eased to Rs 11,276 crore from Rs 16,591 crore during the same period.

5)loans and advance

The Bank Loan sheet grew 16 percent YoY to Rs 8,00,997 crore as on March 31.Advances increased 13 percent YoY to Rs 4,94,798 crore. Domestic loans increased 18 percent while the overseas book de-grew by 29 percent.

6)Operating profit, NII and NIM

Operating profit increased 37 percent YoY to Rs 5,0014 crore. Net Interest Income grew 21 percent YoY to Rs 5,706 crore.

Comments

Infosys quarter 4 result analysis

Hi guys GOOD MORNING Myself B ittu kumar and Today is 15th of April. As we know quarter 4 result of so many company is already came. In this blog we are going to analysis quarter 4 result analysis of Infosys. Which is in the top 2 company in IT sector after TCS. 1)IT bellwether Infosys on Friday posted better-than-expected results for the march quarter . Net profit for the quarter jumped 10.51 percent year-on-year to Rs 4,078 crore from Rs 3690 crore in the year-ago quarter.on a quarter-on-quarter basis, the bottom line grew 122.96 percent. Analyst in a poll had projected Rs 3957 crore profit for the quarter. 2)Total revenue increased 19.11 percent YoY to Rs 21,539 crore from Rs 18,083 crore in the same quarter last year . Analysts had projected revenues at Rs 21,465 crore. 3) EBIT Margin The company's Ebit margi...

9 things to check before buying a stock

Hi guys Myself Bittu Kumar and today is 25th of march.In this blog i'm going to share some tips that you should must see before buying any stocks from markets. 9 Things to check before buying a stock 1) Check promoter's Background Evaluation of Management is the most important thing you have to check before picking of any stocks from market. You must should read delivery party transaction and check out if there is a suspicious transaction is there or not. If happens then you must sell your share immediately. You must read Management Strategies his past record from google or check out whether that company have any dispute with SEBI or not. 2) Salary of Key Managerial Persons(Promoter or Management) No company give more than 5% salary of its net profit to its one managerial person. If there is more than one person Maximum 10% of ...

7 secret to create wealth in stock market

Hi guys. A new blog is for stock market investor in beginner stage. If you come new in stock market then you should take care about some little mistakes done by so many investors. In this blog i'm going to discuss about some most common mistake done by an beginner. 1) Don't do long term investment in PSU stocks PSU stocks has so may scams. They are LAGGARD. 2) Don't invest in News Driven Stocks . 3) Don't invest these company who are depended on REGULATOR like-TELECOM, AIRLINE STOCKS. For short term investment they can give profit but for long term investment it is not good to invest in them. 4) Don't buy these stocks which are bought by some big investor. It is so risky to do that. Because they take entry very early. 5) Don't get emotional for any stocks. If any stock perform well then some investor don't want to sell it.it is not always possible that a stock is always incre...

Share market

Search This Blog