Axis Bank lost 1.51% to Rs 536.40 at 10:28 IST on BSE after net profit fell 16.07% to Rs 1305.60 crore on 1.44% growth in total income to Rs 14052.30 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 25 July 2017.Meanwhile, the S&P BSE Sensex was up 65.08 points or 0.2% at 32,293.35
On the BSE, 2.18 lakh shares were traded on the counter so far as against the average daily volumes of 4.54 lakh shares in the past one quarter. The stock had hit a high of Rs 543.85 and a low of Rs 533.30 so far during the day. The stock had hit a 52-week high of Rs 638 on 7 September 2016 and a 52-week low of Rs 424.60 on 10 January 2017.
The large-cap bank has equity capital of Rs 479.44 crore. Face value per share is Rs 2.
Axis Bank's gross non-performing assets (NPAs) stood at Rs 22030.87 crore as on 30 June 2017 as against Rs 21280.48 crore as on 31 March 2017 and Rs 9553.17 crore as on 30 June 2016.
The ratio of gross NPAs to gross advances stood at 5.03% as on 30 June 2017 as against 5.04% as on 31 March 2017 and 2.54% as on 30 June 2016. The ratio of net NPAs to net advances stood at 2.3% as on 30 June 2017 as against 2.11% as on 31 March 2017 and 1.08% as on 30 June 2016.
The bank's Net Interest Income (NII) grew by 2% to Rs 4616 crore in Q1 June 2017 over Q1 June 2016. Net interest margin stood at 3.63% in Q1 June 2017.
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Axis Bank said that the bank during Q1 June 2017 raised Rs 8500 crores through issuance of Tier I and Tier II Bonds, of which Tier I was Rs 3500 crore and Tier II was Rs 5000 crore.
As on 30 June 2017, Axis Bank's provision coverage, as a proportion of gross NPAs including prudential write-offs, was at 65%.
Axis Bank is one of the biggest private sector banks in India. As on 30 June 2017, the bank had a network of 3,385 domestic branches and extension counters situated in 1,976 centres. As on 30 June 2017, the bank had 14,311 ATMs and 1,419 cash recyclers spread across the country.
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