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Axis Bank reports 75% rise in Q1 consolidated net profit

Axis Bank has reported results for first quarter ended June 30, 2019.

The bank has reported 95.42% rise in its net profit at Rs 1370.08 crore for the quarter under review as compared to Rs 701.09 crore for the same quarter in the previous year. Total income of the bank increased by 21.79% at Rs 19123.71 crore for Q1FY20 as compared Rs 15702.01 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 74.87% in its net profit at Rs 1262.98 crore for the quarter under review as compared to Rs 722.23 crore for the same quarter in the previous year.Total income of the bank increased by 20.36% at Rs 19409.09 crore for Q1FY20 as compared Rs 16126.05 crore for the corresponding quarter previous year.

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