Private sector major Axis Bank on Thursday reported a 4 per cent y-o-y rise in its net profit for the quarter ended December at ₹6,304 crore, led by stable core income growth. On a q-o-q basis, however, the bottomline was down 9 per cent due to lower growth in other income.

During the reporting quarter, the bank’s net advances and deposits grew 9 per cent each y-o-y to ₹10.14 lakh crore and ₹10.95 lakh crore, respectively. Net interest income, the difference between interest earned and expenses, also grew proportionately by 9 per cent to ₹13,606 crore. Other income, meanwhile, moderated to ₹5,972 crore in Q3FY25 from ₹6,722 crore a quarter ago.

The bank’s asset quality also deteriorated slightly, with gross non-performing asset (GNPA) ratio rising by 2 bps q-o-q to 1.46 per cent and net NPA rising by 1 bps sequentially to 0.35 per cent as on December 31.