Shares of Axis Bank slipped over 7 per cent on Friday, July 18, 2025, after reporting a 3 per cent dip in its June quarter consolidated net profit. The counter opened gap down at Rs 1,074 against the previous close of Rs 1,159.85 on the BSE. It dipped further to touch the intraday low of Rs 1,073.95.
At the NSE, it tumbled 6.36 per cent to Rs 1,086 apiece.
The stock emerged as the biggest laggard among the Sensex and Nifty firms during morning trade.
In the equity market, the 30-share BSE Sensex was trading 551.93 points lower at 81,707.31. The 50-share NSE Nifty quoted 164.65 points down at 24,943.60.
Axis Bank Quarterly Results
Axis Bank has reported a 3 per cent dip in its June quarter consolidated net profit at Rs 6,243.
72 crore, impacted by the implementation of changes in non-performing assets and loan upgrade policy.
On a standalone basis, the third largest private sector lender's net profit declined to Rs 5,806 crore from the year-ago period's Rs 6,034 crore, but was down sharply when compared with the quarter ago period's Rs 7,117 crore.
The bank's core income showed low growth in the reporting period, but it was a Rs 614 crore hit brought about by what it called it a "technical impact" which hurt the profits.
The bank's managing director and chief executive Amitabh Chaudhry told reporters that it decided to adopt more prudent way of asset recognition, upgrades and treatment of accounts which have seen one-time settlements, as it had announced in the previous quarter, and added that economic losses due to the change will be "minimum" going ahead.
Chief financial officer Puneet Sharma explained that as part of an annual exercise, it found out that a peer bank is more prudent in its asset recognition and Axis Bank also decided to adopt the same norms.
The bank's core net interest income inched up 1 per cent to Rs 13,560 crore on the back of a sharp decline in net interest margin to 3.80 per cent from the year-ago period's 4.05 per cent, and a loan growth of 8 per cent, which is trailing the banking system's.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
