Axis Financial institution- the nation’s fifth main banking main by market capitalisation is slated to report its Q1 numbers later as we speak. Zee Enterprise analysis expects the lender’s standalone web revenue to report 8.85 per cent progress on-year to Rs 6,310 crore as in opposition to Rs 5,797.1 crore because the lender is seen to see good progress in its enterprise. NII on the personal sector lender can also be anticipated to log good double digit progress of 10.9 per cent to Rs 13,257 crore as in opposition to Rs 11,958.8 crore in the identical quarter final 12 months.
Mortgage progress throughout the quarter is anticipated at 15 per cent in opposition to 16 per cent in the identical quarter final 12 months. Deposit progress on the lender can also be seen contracting to 16 per cent as in opposition to 17 per cent earlier.
In the meantime, the asset high quality on the lender is seen to stay kind of regular witn gross NPA anticipated within the vary of 1.4-1.5 per cent as in opposition to 1.43 per cent within the earlier March quarter. Internet NPA can also be seen at 0.3 per cent.
Internet curiosity margin or NIM is seen to contract to three.7-4 per cent, whereas it was 4.06 per cent within the earlier March quarter.
Treasury revenue on the lender is seen to fall, whereas the price revenue is anticipated to see an increase. Additional, the desk anticipates that the slippages might be extra within the agriculture and retail phase.
Credit score value on the lender is seen to extend too throughout the overview interval.
Simply forward of the outcomes later as we speak, Axis Financial institution inventory traded close to day’s low value at Rs 1,236.3, down over 2 per cent on the BSE.