The shares of Axis Bank Limited were trading at ₹976.75 down by ₹61.25 or 5.90 per cent on the NSE today at 11 AM. The shares hit its 52-week low today at ₹978.05.

Axis Bank, one of India’s largest private lenders, reported a modest 3.83 per cent year-on-year rise in net profit to ₹6,304 crore for Q3FY25, falling short of market expectations and showing signs of pressure on multiple fronts. The bank witnessed a steeper 9 per cent sequential decline from ₹6,917.57 crore in Q2FY25.

The bank’s provisions more than doubled year-on-year to ₹2,156 crore, reflecting growing concerns over asset quality. The gross non-performing asset ratio slightly deteriorated to 1.46 per cent at December-end from 1.44 per cent in the previous quarter.

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Net interest income grew by 9 per cent to ₹13,606 crore, while interest income rose 11 per cent to ₹30,954 crore compared to the year-ago period. However, interest expenses increased at a faster rate of 12 per cent to ₹17,348 crore.