Mumbai-based private lender Axis Bank Ltd. reported results for the December quarter, which were in-line with expectations. Net Interest Income increased by 8.6% from last year and was in-line with expectations,

ICICI Bank Q3 results were the latest announced among these and the shares have reacted positively on Monday. ICICI Bank shares gained nearly 2% after the Q3 results.

Results: The lender reported interest income of Rs 30,954 crore in Q3 FY25, an 11% increase from Rs 27,961 crore in the same period last year. It reported Rs 30,954 crore in interest income for Q3 FY25,

Axis Bank Q3FY25 results miss estimates as net profit rises three-point eight three percent YoY. Slower credit, deposit growth, and rising slippages prompt brokerages to cut target prices.

Gross slippages for the December quarter rose 22% sequentially and 46% annually to ₹5,432 crore, the bank said in statement detailing its quarterly results. Slippages to the tune of ₹4,923 crore were from the retail book,

Axis Bank reported a 3.8% increase in consolidated net profit for Q3 FY25. The net interest income grew by 9%, and operating profit rose 15%. Despite the positive outcomes, analysts highlighted concerns such as rising credit costs and slow deposit growth.

Out of the 49 analysts who have coverage on Axis Bank, 40 of them have a "buy" rating, while the other nine have a "hold". The lender does not have any "sell" recommendations from analysts.

Among the Sensex shares, it was the second worst performer and the biggest loser in the BSE Bankex, which dropped 1,026 points or 1.8%.