Axis Bank Q3 preview: Commentary on employee churn, NPAs key monitorables

During the quarter under review, the counter has outperformed the benchmark S&P BSE Sensex by surging 10.12 per cent, as against a 6.6 per cent gain in the index.

A stable quarterly performance could be in the offing for private lender Axis Bank, which, according to analysts, could report up to 61 per cent year-on-year (YoY) jump in the net profit at Rs 2,705.4 crore for the December quarter of the current financial year (Q3FY20). Besides, steady credit growth and moderation in slippages could also be expected.

The Mumbai-based lender is scheduled to report its December quarter earnings on Wednesday, January 22.

Analysts at Prabhudas Lilladher foresee the bank’s net profit rising 61 per cent YoY, as against Rs 1,680.9 crore profit posted in Q3FY19, after adjusting complete mark-down of deferred