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AXIS Bank reports 43% fall in Q4 net profit

AXIS Bank has reported results for the fourth quarter and year ended March 31, 2017.

The Bank has posted a fall of 43.13% in its net profit at Rs 1225.10 crore for the quarter ended March 31, 2017 as compared to Rs 2154.28 crore for the same quarter in the previous year. However, total income of the Bank increased by 4.33% at Rs 14181.31 crore for quarter under review as compared to Rs 13592.97 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the Bank has posted a fall of 55.26% in its net profit at Rs 3679.28 crore as compared to Rs 8223.66 crore for the same period in the previous year. However, total income of Bank increased 11.66% at Rs 56233.47 crore for year under review as compared to Rs 50359.50 crore for the period ended March 31, 2016.

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