Private lender Axis Bank on Monday reported 224% year-on-year (YoY) growth in standalone net profit 3,614 crore for the December quarter (Q3FY22) as compared to a profit of Rs. 1,116.6 crore in the same quarter last year.
On a quarter-on-quarter (QoQ) basis, Axis Bank reported a growth of 15% in profit.
Private sector lender’s net interest income up 17% from a year ago 8,653 crore. stood on other income 3,840 crore, up 31% year-on-year.
Shares of Axis Bank closed down 1.29% before the results were announced with Nifty 50 down 2.66%.
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