Axis Bank Share Price: Shares of Axis Bank tanked around 6 per cent on Friday (July 18) after the company reported a 3 per cent dip in June quarter consolidated net profit. At around 3:24 pm, shares of the bank tumbled 5.25 per cent to Rs 1,098.90 apiece. According to the NSE, the bank has total market cap of Rs 3,40,944.55 crore.
Axis Bank Q1 Results
On Thursday, Axis Bank reported a 3 per cent dip in its June quarter consolidated net profit at Rs 6,243.72 crore. On a standalone basis, the third largest private sector lender’s net profit declined to Rs 5,806 crore from the year-ago period’s Rs 6,034 crore, but was down sharply when compared with the quarter ago period’s Rs 7,117 crore.
The bank’s core income showed low growth in the reporting period, but it was a Rs 614 crore hit brought about by what it called it a “technical impact” which hurt the profits.
The bank’s domestic subsidiaries’ post-tax net profit during the quarter increased 4 per cent to Rs 451 crore, which included a 23 per cent growth in Axis Finance’s net at Rs 189 crore and asset management arm’s net growing 12 per cent to Rs 130 crore.
Axis Bank Share Price History
Axis Bank is a component of the BSE Sensex. According to the BSE analytics (as of July 18), shares of Axis Bank gave negative returns of 6.39 per cent and 6.69 per cent in the last 1 week and 2 weeks, respectively. In the last 1 month and 3 months, shares of the private sector bank declined 10 per cent and 7.71 per cent, respectively. In the last 1 year, shares of the bank fell 16.06 per cent. However, in the past 2 years, 3 years, 5 years and 10 years, shares of the bank rose 14.05 per cent, 60.54 per cent, 153.56 per cent and 82.43 per cent, respectively.
Axis Bank Dividend History
This year, Axis Bank paid dividend of Re 1. Similarly, the bank declared dividends of Re 1 each in 2019, 2022, 2023, and 2024.
Axis Bank Bonus History
Axis Bank never issued bonuses for the equity shareholders.
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Axis Bank Dividend Yield
At the current market price, the dividend yield of Axis Bank is 0.091 per cent.
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