axle bench share today:Actions of axle bench on Friday morning jumped more than 4 percent after the company’s consolidated net profit for the September quarter rose 19.29 percent.
The stock rose 4.11 per cent to Rs 1,178.75 on the BSE. It emerged as the biggest gainer among BSE Sensex companies. To the JAN rose 4.13 percent to Rs 1,178.70.
axle bench Consolidated net profit for the September quarter rose 19.29 per cent to Rs 7,401.26 crore, but the lender reported problems in the unsecured loan segment.
Standalone, the net profit of the third-largest private sector lender grew 18 per cent to Rs 6,917.57 crore in the July-September quarter of fiscal 2024-25.
The bank, which is among the first major lenders to report its earnings for the quarter, saw net core interest income grow by 9 per cent to Rs 13,483 crore during the quarter on the back of an 11 per cent rise in Net advances and net interest margin decreased by 0.12 percent to 3.99 percent.
Income other than interest or other income soared 34 per cent to Rs 6,722 crore, helped mainly by a gain of Rs 1,111 crore on the trading income front.
The bank achieved 14 per cent growth on the total deposit front and made it clear that it is not using price as a lever to attract liabilities.
Its total revenue rose to Rs 37,142 crore during the quarter under review, up from Rs 31,660 crore in the same period last year, Axis said in a regulatory filing on Thursday.
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