Axis Bank Limited (BOM: 532215)

Axis Bank Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	1,167,024	1,127,591	874,484	688,461	643,974	637,157
Interest Paid on Deposits	646,798	613,907	433,892	349,227	346,274	379,959
Net Interest Income	529,920	513,683	440,592	339,234	297,700	257,197
Net Interest Income Growth (YoY)	13.46%	16.59%	29.88%	13.95%	15.75%	16.06%
Gain (Loss) on Sale of Assets	-44.2	-44.2	-76.9	-61.1	-87.7	-50.82
Gain (Loss) on Sale of Investments	18,694	18,694	-2,367	14,227	10,083	21,873
Other Non-Interest Income	243,542	233,653	185,934	158,515	125,774	141,598
Total Non-Interest Income	262,192	252,303	183,489	172,681	135,769	163,420
Non-Interest Income Growth (YoY)	25.26%	37.50%	6.26%	27.19%	-16.92%	15.18%
Revenues Before Loan Losses	792,112	765,986	624,082	511,915	433,469	420,617
Provision for Loan Losses	142,408	131,993	110,062	122,030	169,196	221,172
Revenue	649,705	633,993	514,020	389,886	264,273	199,445
Revenue Growth (YoY)	14.98%	23.34%	31.84%	47.53%	32.50%	-8.37%
Salaries and Employee Benefits	122,016	116,741	93,789	82,633	67,690	58,200
Occupancy Expenses	51,615	51,615	162,223	38,759	34,236	31,635
Selling, General & Administrative	11,854	11,854	11,260	9,182	7,452	7,208
Other Non-Interest Expense	192,939	187,020	138,564	116,161	82,371	83,615
Total Non-Interest Expense	382,903	371,738	408,038	247,817	191,749	180,658
EBT Excluding Unusual Items	266,801	262,255	105,982	142,069	72,524	18,788
Legal Settlements	-125.6	-125.6	-467.5	-	-	-
Other Unusual Items	2,794	2,794	3,670	-	-	-
Pretax Income	269,469	264,923	109,185	142,069	72,524	18,788
Income Tax Expense	1,006	-	-	-	-	-
Earnings From Continuing Operations	268,463	264,923	109,185	142,069	72,524	18,788
Minority Interest in Earnings	-1,150	-1,061	-1,001	-876	-568.9	-256.41
Net Income	267,313	263,862	108,185	141,193	71,955	18,531
Net Income to Common	267,313	263,862	108,185	141,193	71,955	18,531
Net Income Growth	113.35%	143.90%	-23.38%	96.22%	288.29%	-63.22%
Basic Shares Outstanding	3,084	3,082	3,073	3,067	2,975	2,715
Diluted Shares Outstanding	3,109	3,104	3,088	3,076	2,983	2,725
Shares Change (YoY)	0.57%	0.52%	0.39%	3.12%	9.46%	5.42%
EPS (Basic)	86.67	85.62	35.20	46.04	24.19	6.83
EPS (Diluted)	85.99	85.01	35.04	45.91	24.13	6.80
EPS Growth	112.14%	142.61%	-23.68%	90.26%	254.85%	-65.11%
Dividend Per Share	-	1.000	1.000	1.000	-	-
Effective Tax Rate	0.37%	-	-	-	-	-

Source: S&P Capital IQ. Banks template. Financial Sources.