Axis Bank: Should you buy the stock after Q4 earnings; here's what brokerages say

The bank's core net interest income grew by 33% YoY to ₹11,742 crore in the March quarter, helped by a 7% loan growth and a 73bps improvement in the net interest margin to 4.22%.

Axis Bank shares fall nearly 3% after company reports net loss of over ₹5,000 crore in Q4

<ul><li>Axis Bank reported a ₹5,361 crore loss on a consolidated basis for the January-March period. It had reported a net profit of ₹4,417 crore a year ago, impacted by the ₹12,490 crore payout towards the Citi acquisition.</li></ul>

Axis Bank reports ₹5,728 crore loss in Q4 on Citi consumer business acquisition

<ul><li>During the quarter, the bank's total income increased to ₹28,865 crore from ₹22,000 crore a year ago, Axis Bank said in a regulatory filing.</li></ul>

Axis Bank completes acquisition of Citibank’s India consumer business; does this make the stock buy-worthy?

Axis Bank on March 1 announced the acquisition of Citibank’s India consumer business from Citibank N.A. (acting through its branch in India) and the NBFC consumer business from Citicorp Finance (India) Limited for an overall consideration of ₹11,603 crore.

Axis Bank falls 3% despite a 62% rise in Q3 profit; what should investors do now?

Brokerages are largely positive on Axis Bank post its December quarter earnings on the back of improved asset quality, margin expansion, loan growth and RoE/RoA at multi-year highs.

Axis Bank third-quarter profit jumps

Net profit rose to 58.53 billion Indian rupees ($719.53 million) in the three months ended Dec. 31 from 36.14 billion rupees a year earlier, Mumbai-based Axis Bank said in an exchange filing.

Banking sector earnings preview: Q3 to be another strong quarter, says Sharekhan; here are its top picks

Sharekhan said the banks in its coverage universe are expected to report 35 percent YoY earnings growth in Q3 FY2023E, driven by healthy loan growth and lower credit costs. Among private banks, Sharekhan expects ICICI Bank, Axis Bank, and Kotak Mahindra Bank to report strong advances growth.

Axis Bank, Apollo Tyres and 3 other stocks hit their all-time highs last week

Shares of Apollo Tyres have reached their all-time high of ₹340 apiece in Friday's trade. The stock has been on a bull run for last 10 consecutive trading sessions. Axis Bank was very next on the list, the stock reached its lifetime high of ₹970 apiece on January 03.

Banks likely to remain on profitable path in New Year too with robust credit growth

Robust credit demand and high interest rate regime due to tight monetary conditions globally are also expected to help the profitability of the banks.

This banking stock that gained 38% in last one year is Motilal Oswal's top pick for 2023

Motilal Oswal highlighted that after reporting modest growth till the first half of the financial year 2022 (1HFY22), Axis Bank has been witnessing a healthy recovery as loan growth has improved to 14-18 percent in the past four quarters versus a 13 percent CAGR over FY19-22.

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Axis Bank: Should you buy the stock after Q4 earnings; here's what brokerages say

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