Axis Bank to report Q4 earnings today; here's what analysts expect

Analysts at MOFSL believe the Mumbai-based bank's credit cost may stay elevated led by higher slippages. Besides, asset quality could witness some pressure along with modest loan growth.

Double digit loan growth, high credit cost coupled with ballooning of slippages and provisioning to cushion against the likely increase in stressed assets due to the coronavirus (Covid-19) outbreak could hit the net profit of Axis Bank in the March quarter of the financial year 2019-20 (FY20), analysts say. The bank is slated to report its Q4FY20 numbers on Tuesday, April 28.

So far in the calendar year 2020, the stock price of the lender has nearly halved till Friday. It has declined 46.4 per cent till April 24, as against a 24 per cent fall in the benchmark S&P