Axis Bank’s bad loans to be in focus

Updated on: Mar 12, 2018

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Axis Bank, which recently reduced the face value of its shares to ₹2, will announce its July-September quarter results on Friday. Analysts will focus on its non-performing assets numbers. Exposure to its coal/power sector will come under closure scrutiny, particularly after the Supreme Court ruling on the cancellation of coal mines allotted since 1993. Analysts expect the company’s topline and bottomline to grow 10-15 per cent y-o-y. Profits may dip sequentially.

Published on October 16, 2014
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