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Axis Bank reports standalone net loss of Rs 2188.74 crore in the March 2018 quarter

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Capital Market

Total Operating Income rise 5.40% to Rs 11771.19 crore

Net loss of Axis Bank reported to Rs 2188.74 crore in the quarter ended March 2018 as against net profit of Rs 1225.10 crore during the previous quarter ended March 2017. Total Operating Income rose 5.40% to Rs 11771.19 crore in the quarter ended March 2018 as against Rs 11168.15 crore during the previous quarter ended March 2017.

For the full year,net profit declined 92.51% to Rs 275.68 crore in the year ended March 2018 as against Rs 3679.28 crore during the previous year ended March 2017. Total Operating Income rose 2.78% to Rs 45780.31 crore in the year ended March 2018 as against Rs 44542.16 crore during the previous year ended March 2017.

 
ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Total Operating Income11771.1911168.15 5 45780.3144542.16 3 OPM %6.3346.74 -35.6445.41 - PBDT-3507.331793.49 PL 121.575467.56 -98 PBT-3507.331793.49 PL 121.575467.56 -98 NP-2188.741225.10 PL 275.683679.28 -93

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First Published: Apr 27 2018 | 4:22 PM IST

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