Axis Bank Limited · NSE:AXISBANK
Axis Bank — Q3 FY25 Earnings Presentation
88 slides from Axis Bank's earnings presentation, Jan 16, 2025
Slide 1: Exchange filing cover letter
AXIS/CO/CS/591/2024-25 January 16, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1st Floor, Plot No. C/1, “G” Block P. J. Towers, Bandra-Kurla Complex Dalal Street Bandra (E), Mumbai – 400 051 Fort, Mumbai – 400 001 NSE Symbol: AXISBANK BSE Scrip Code: 532215 De
Slide 2: Press Release: Financial Results for Quarter and Nine Months Ended 31 Dec 2024
PRESS RELEASE AXIS BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 2024 Q3FY25 Core operating profit up 14% YOY and 5% QOQ, PAT up 4% YOY, 9MFY25 Consolidated ROA at 1.8%, Consolidated ROE at 16.9% o Q3FY25 Net Interest Income grew 9% YOY, Net Interest Margin at
Slide 3: Performance at a Glance
Performance at a Glance • Operating leverage aids healthy core operating profit performance o Operating profit grew 15% YOY o Operating expense growth moderated to 1% YOY and declined 5% QOQ • Focus on average deposits continues, CASA continues to be the best amongst large peer banks o On MEB1 basis
Slide 4: Profit & Loss Account: Period ended 31st December 2024
Profit & Loss Account: Period ended 31st December 2024 Operating Profit and Net Profit The Bank’s operating profit for the quarter grew 15% YOY to `10,534 crores. Core operating profit* grew 14% YOY to `10,102 crores. Operating cost growth further moderated to 1% YOY in Q3FY25 from 9% YOY in Q2FY25.
Slide 5: Deposits and advances growth
basis, total deposits grew 13% YOY and 3% QOQ, within which savings account deposits remained flat YOY, current account deposits grew 11% YOY; and term deposits grew 19% YOY and 5% QOQ. The Bank’s advances grew 9% YOY and 1% QOQ to `10,14,564 crores as on 31st December 2024. Retail loans grew 11% YO
Slide 6: Wealth Management Business – Burgundy; Capital Adequacy
Wealth Management Business – Burgundy The Bank’s wealth management business is among the largest in India with assets under management (AUM) of `6,34,806 crores as at end of 31st December 2024 that grew 26% YOY and 3% QOQ. Burgundy Private, the Bank’s proposition for high and ultra-high net worth cl
Slide 7: Key Subsidiaries' Performance
across the country. The Bank’s Axis Virtual Centre is present across eight centres with over ~1,700 Virtual Relationship Managers as on 31st December 2024. Key Subsidiaries’ Performance • The Bank’s domestic subsidiaries delivered steady performance with 9MFY25 PAT of `1,401 crores, up 26% YOY. • Ax
Slide 8: Financial Performance Q3FY25 and Balance Sheet
` crore Financial Performance Q3FY25 Q3FY24 % Growth Net Interest Income 13,606 12,532 9% Other Income 5,972 5,555 8% - Fee Income 5,455 5,170 6% - Trading Income 368 291 26% - Miscellaneous Income 149 94 58% Operating Revenue 19,578 18,087 8% Core Operating Revenue# 19,147 17,796 8% Operating Expen
Slide 9: Business Performance and Shareholders' Funds
` crore As on As on Business Performance st st % Growth 31 December’24 31 December’23 Total Deposits (i)+(ii) 10,95,883 10,04,900 9% (i) CASA Deposits 4,32,855 4,23,458 2% - Savings Bank Deposits 2,89,244 2,90,363 0% - Current Account Deposits 1,43,611 1,33,095 8% CASA Deposits as % of Total Deposit
Slide 10: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this release which contain words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “futu
Slide 11: Investor Presentation
Investor Presentation Quarterly Results Q3FY25 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB
Slide 12: Axis Bank at a glance
Axis Bank at a glance 3rd ~ 58 mn 1,02,350+ 5,706 Axis Bank Employees Branches* largest Private Bank in India Customers 5.3% 4.8% 5.5% 13.7% Market Share Assets 1 Deposits 1 Advances 1 Credit Cards 2 Profitability 15.8% 3.93% 2.75% 2.48% Consolidated ROE 3 Net Interest Margin 3 Operating Profit Marg
Slide 13: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q3FY25 3
Slide 14: Major highlights
Major highlights Q3FY25 Core Operating profit up 14% YOY and 5% QOQ, PAT up 4% YOY, 9MFY25 Consolidated ROA at 1.8%, Consolidated ROE at 16.9% • Operating profit grew 15% YOY, Operating expense growth moderated to 1% YOY and declined 5% QOQ Operating leverage aids healthy core • Net Interest Income
Slide 15: Key metrics for Q3FY25
Key metrics for Q3FY25 Snapshot (As on 31st December 2024) Deposits Advances Absolute (₹ Cr) QOQ YOY Growth (a) 9% YOY (b) 9% YOY Q3FY25 Q2FY25 9MFY25 Q3FY25 Q3FY25 9MFY25 13% YOY Net Interest Income 13,606 13,483 40,537 1% 9% 10% Fee Income 5,455 5,508 16,166 (1%) 6% 11% Profit & 29% Loss Operating
Slide 16: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q3FY25 6
Slide 17: Deposit and Loan growth performance
Deposit and Loan growth performance All figures in ₹ Billion Deposit mix (QAB)^ Segment loan mix Loan growth at 9% YOY & 1% QOQ YOY QOQ YOY QOQ 10,664 13% 3% 10,245 10,372 9,924 9,468 10,000 10,146 9,651 9,801 9% 1% 9,323 3% 1% 2,908 2,946 (a) 2,781 2,910 6,099 6,245 6,549 19% 5% 2,864 (29%) 4% 1% 5
Slide 18: Core operating profit up 14% YOY
Core operating profit up 14% YOY All figures in ₹ Crores Operating revenue Operating expense YOY 32% 27% 11% 9% 1% 19,855 20,205 19,578 8% 19,232 Opex YOY 18,087 9,319 9,493 growth 8,946 9,125 9,044 6,766 5,784 6,722 5,972 8% 5,555 6,234 6,396 5,996 6,376 6,059 12,532 13,089 13,448 13,483 13,606 9%
Slide 19: Net interest margin at 3.93%
Net interest margin at 3.93% Advances mix by rate type Cost of Funds MCLR Duration Split 29% (Dec-24) 1% 1% ~ 70% of loans floating 1M, 5.35% 5.43% 5.44% 5.45% 5.46% 4% 0% 3M, 2% 5.17% 5.03% 11% 4.75% 4.34% 4.09% 12M, 6% 6M, 3% 3.83% 3.89% 54% Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24
Slide 20: NIM has seen structural improvement led by multiple drivers
NIM has seen structural improvement led by multiple drivers 1 Improvement in balance sheet mix 2 Reducing share of low yielding RIDF bonds 3 Composition reflected through average CASA% Retail & SME as % of loan book 71% 71% As a % to total assets 67% 68% 64% 4.7% 3.5% 2.3% 42.9% 43.6% 42.5% 1.5% 40.
Slide 21: Steady growth in fees; granularity across business segments
Steady growth in fees; granularity built across our business segments All figures in ₹ Crores Retail Banking fees Retail fee mix 5% YOY 45% 4,159 43% 41% 3,876 3,881 3,698 3,706 21% 23% 24% 19% 17% 18% 15% 17% 17% TPP Retail Cards & Payments Retail Assets excl cards & Retail Liabilities & others pay
Slide 22: Cost growth at 1% YoY; investment in technology continues
Cost growth at 1% YoY; investment in technology continues with 16% YoY increase Q3FY25 opex flat to Q3FY24. Increase in technology, volume linked and BAU expenses including staff increments and statutory costs offset by savings in integration expenses 7% 16% 2% (100%) YoY% Breakup of Increase in cos
Slide 23: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q3FY25 13
Slide 24: Strong capital position with adequate liquidity
Strong capital position with adequate liquidity Bank’s Capital Adequacy Ratio 0.98% 1.85% 19.12% 18.54% 14.61% 17.64% 13.74% 17.53% 16.63% 17.01% 3.72% 3.30% 4.19% 3.62% 2.40% 2.89% Net accretion to CET-1 of 15.40% 15.24% 14.61% 87 bps in 9MFY25 14.02% 13.74% 13.34% CET-1 Mar'24 Accretion Consumptio
Slide 25: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q3FY25 15
Slide 26: Retail Banking
Retail Banking ~55 Mn 4th `6.35 T n Individual Largest issuer of AUM in wealth customers Credit Cards management 11% 17% 60% YOY growth in YOY growth in Share of Retail advances Rural advances Advances~ 3% 39% 71% YOY Growth in CASA CASA ratio Share in QAB* deposits (MEB**) total fee^ ~ share in Ban
Slide 27: The Deposit journey for Axis Bank: three aspects
The Deposit journey for Axis Bank should be looked at from three aspects… 1 2 3 Improvement in granularization, positively …with controlled increase in cost of funds and …which, along with macroeconomic factors, have impacting the quality of LCR deposits… cost of deposits over the last 6 quarters… i
Slide 28: Deposit growth led by multiple initiatives across the Bank
…led by multiple initiatives across the Bank Focus on Productivity & Exclusively curated Digital, transformation Premiumization Bharat Banking Partnerships Micro market strategy product propositions SA New to Bank deposits up 31% CAGR in Burgundy 12% YOY growth in new ~ 62K extensive distribution Pr
Slide 29: Trend in term deposit growth
Trend in term deposit growth All figures in ` Crores 22% 24% 22% 20% 21% 19% 19% 19% YOY 13% 13% 14% 11% 10% 11% Growth 7% 6,63,028 6,45,691 6,18,005 6,09,241 5,81,441 5,31,691 5,12,891 5,00,409 4,70,460 4,51,966 4,52,378 4,36,169 4,26,792 4,08,705 4,05,832 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22
Slide 30: Leading player in India's Wealth Management space
The Bank is a leading player in India’s Wealth Management space Overall Burgundy AUM^ has grown strongly 31% CAGR* 26% YOY 3% QOQ 6.35 5.37 5.05 3.57 2.61 2.13 1.33 1.47 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Q3FY24 Q3FY25 * CAGR for period Mar-19 to Dec -24 All figures In ₹ Tn Burgundy Private A
Slide 31: Retail loan book remains well diversified
`6.0 trillion Retail loan book remains well diversified ~ 71% of our retail book is secured (1) Retail book (in ₹ Billion) in Rs Crores Dec-24 QOQ YOY % Prop Home Loans 1,67,570 - 3% 28% 27% Rural loans 93,688 4% 17% 15% 20% MFI loans are ~2.2% of 18% 15% YOY 11% Personal loans 75,969 1% 17% 13% ret
Slide 32: Small Business Banking segment is well diversified
Small Business Banking segment is well diversified and continues steady growth… SBB Portfolio (in Cr.) Well diversified customer base 20% YOY 4% QoQ • ₹64,192 crores overall book with Business Loan book of `16,668 crores 64,192 18% 15% 57,219 • ~71% value contribution from Secured products 16,668 (w
Slide 33: Innovative product offerings and transformation initiatives
…led by our innovative product offerings and transformation initiatives SBB Equipment Finance ➢ Loans up to 10Cr for Industrial & Health Care Equipment Industrial Machine Tools Plastic Injection Packaging Printing Healthcare Diagnostic Therapeutic Imaging Pathology Life support One Axis approach • P
Slide 34: Our bet on 'Bharat' is growing
Our bet on ‘Bharat’ is growing from strength to strength ▪ Drive higher business growth and increase market share in Rural and Semi Urban (RuSu) markets through asset led liability strategy ▪ Lending opportunities in RuSu markets to complement the Bank’s overall PSL strategy meaningfully Focus on bu
Slide 35: Rural portfolio is well diversified
Rural portfolio is well diversified, offering holistic and integrated financial solutions by leveraging technology and partnerships Well diversified rural lending portfolio with … and leveraging technology and partnerships …and capitalizing on opportunities across segment presence across 680 distric
Slide 36: Trend in Credit Card issuances
Trend in Credit Card issuances Increase in Cards in force (CIF) market share with increasing card issuances aided by KTB^ partnerships Axis Bank Magnus Credit Card In million 1.21 1.26 1.24 1.13 1.11 1.04 1.04 1.06 0.99 0.96 Pre-covid quarterly 0.68 average = Airtel Axis Bank Credit Card 0.49 mn Q1F
Slide 37: 4.1 mn CIF for Flipkart Axis Bank Credit Card
End to End Digital KTB acquisition journey with best in class early activation and spend metrics for Flipkart Axis Bank Credit Card Customer clicks on Customer fills up the Flipkart Axis Bank form and submits the Credit card banner application and can view details 4.1 mn CIF for Flipkart Axis Bank C
Slide 38: Trend in Card spends
Trend in Card spends All figures In ₹ Cr ‘GRAB DEALS’, Axis Bank's exclusive shopping platform has scaled up significantly 18% QOQ increase in GMV (Q3FY25) 8% QOQ growth in Q3FY25 transactions Trend in Debit Card spends Trend in Credit Card spends market share Overall Q3FY25 CC spends ` 70,019 Crore
Slide 39: Largest Merchant Acquiring Bank
We are the largest Merchant Acquiring Bank led by ‘One Axis’ focus, improved product capabilities and partnerships One Axis approach – Taking Bank to Merchant Market share in POS terminals Curated solution offerings : Tailored partnership & payment solutions, Deposits, Business loans, Gold Loans and
Slide 40: Empowering merchants through Integrated Ecosystem solutions
Empowering merchants through Integrated Ecosystem solutions Soundbox NFC Soundbox Android POS with Features advanced solution Features • Instant audio confirmation of payments done via BQR • Broadcasts payment success messages on completion of transactions in • Multilingual support for 10 languages
Slide 41: Well distributed branch network
We have a very well distributed branch network; added 130 branches in Q3 FY25 Axis Virtual Centre Domestic branch network* Branch presence across categories 5,706 ~9.5 mn 5,377 18% Customer 8 4,903 30% connect ^ Centers 4,758 4,594 ~1,700 Virtual RMs 29% 23% Mar-21 Mar-22 Mar-23 Mar-24 Dec-24 Metro
Slide 42: Corporate & Commercial Banking
Corporate & Commercial Banking 3% 15% 15% YOY growth in Corporate YOY growth in YOY growth in loans SME loan book Mid Corporate book 16% 90% 90% YOY growth in Share of corporate Incremental sanctions Transaction Banking Fees advances to clients to A-and above** (for Q3FY25) rated A-and above 11% 11%
Slide 43: Relationship led franchise driving synergies across One Axis entities
Strong relationship led franchise driving synergies across One Axis entities… We have re-oriented the organisation structure in Corporate & Commercial Banking for delivering execution excellence • Segregated the responsibilities of coverage and product groups to ensure sharper focus • Corporate & Co
Slide 44: 90% of the book rated A- and above
…with 90% of the book rated A- and above Corporate Loans 90% of the corporate loan book is Incremental sanctions to corporates In ₹ Cr rated A- or better rated A- & above YOY QOQ 2,94,638 3% 1% (a) 2,78,149 4% 1% 2,68,334 28,812 26,819 1% 14% 2,32,582 32,299 15% 12% 11% 11% 10% 2,24,062 32,287 44,74
Slide 45: Overseas Corporate loan book is 94% India linked
Overseas Corporate loan book is 94% India linked • The Bank’s International strategy is to focus on Indian corporates that have global operations • We have consolidated our overseas business through branches in Dubai, Singapore and Gift City (India) Overseas corporate loan book Funding is primarily
Slide 46: Strengthened proposition as a Transaction Bank
We have strengthened our proposition as a Transaction Bank Current Account Digital Adoption 57% Current Account customers 11% YoY growth in Current Account quarterly registered for internet/mobile banking average Balances (Q3FY25) Foreign LC Market Share BBPS Market Share Market Share maintained 16%
Slide 47: Pioneering solutions tailored across industries
We remain distinct by consistently delivering pioneering solutions tailored across industries Axis Receivables Suite Commercial Cards e-LMS Integrated Receivables reconciliation Statutory Payment solution Liquidity Management solutions 2x growth in number of clients 3x growth in Spends 4x growth in
Slide 48: Well placed to benefit from a vibrant Corporate Bond market
We remain well placed to benefit from a vibrant Corporate Bond market Placement & Syndication of Debt Issues All figures in ₹ Crores Movement in corporate bonds Amount mobilized / arranged^ Market share and Rank* 39% YOY 3rd 1st 75,693 27% 54,454 13.2% 14.7% 19% 18% 19% 74,093 17% 9MFY24 9MFY25 CY23
Slide 49: neo by Axis Bank delivering quality outcomes
neo by Axis Bank, our industry-leading digital initiative, is delivering quality outcomes Transformational Impact of Neo reflected 360-degree approach to Clients in the strong product-market fit • Partnering directly with major ERP providers for SME/MSME segment leading to an integrated banking expe
Slide 50: neo for business and neo for corporates
… along with empowering businesses with neo for business and neo for corporates neo for business, Axis’ MSME proposition launched in neo for corporates , Axis Banks tailored internet Sep’23, is getting scaled up with ~ 1.3L customers onboard banking for large enterprises & complex solutions extended
Slide 51: With Strong Market Recognition
With Strong Market Recognition Best Product Best Product Best Product Innovation for Innovation for Innovation for Neo API Neo for Neo for Developer Portal Business Corporates 2024 2024 2024 India India Domestic Domestic Trade Digital Finance Bank Transformation of the year Bank of the year 2024 202
Slide 52: Industry-wise Distribution (Top 10)
Industry-wise Distribution (Top 10) All figures in ` Crores Outstanding1 as on 31st Dec’24 Total Rank Advances Investments Non-fund based Sectors Value (in % terms) 1. Financial Companies2 81,429 33,135 34,191 1,48,755 11.85% 2. Engineering & Electronics 21,162 1,202 38,403 60,767 4.84% 3. Trade 38,
Slide 53: Business Performance: Commercial Banking
Business Performance Commercial Banking
Slide 54: Strong growth in SBB+SME+MC book
Strong growth in SBB+SME+MC book despite tightening our risk standards 23% 21% 20% 28% CAGR*# 2,30,055 17% 1,97,509 15% 51,762 44,984 36% CAGR# 28% 1,52,201 CAGR# in combined MSME, MC and SBB segment since Dec’20 1,13,751 34,511 1,14,101 20% CAGR# 85,829 23,393 98,989 15,144 79,370 66,438 54,832 64,
Slide 55: Commercial Banking benefitting from technology led transformation
Commercial Banking business benefitting from technology led transformation • One of the most profitable segments of the Bank with high PSL coverage • Data driven credit decisions, minimal documentation, simplified products and digitized operations aiding higher business growth SME Advances CBG Curre
Slide 56: SME lending book is well diversified
SME lending book is well diversified Book by Loan size Well diversified Geographical mix Well diversified Sectoral mix 16% 15% 14% 28% 20% 9% 31% 10% 18% 7% 2% 11% 3% 6% 28% 2% 21% 3% 4% 3% 10% 4% 17% 4%4% 4% 6% Trade Retail and Wholesale Food and Beverages Textile Engineering Others West 1 West 2 P
Slide 57: Digital Banking
Digital Banking 96% 89% 79% 80% 40% 59% Digital Credit cards New MF SIP New SA Individual RTDs PL disbursed (end-to-end digital) transactions1 issued2 (Q3FY25) volume (Q3FY25) acquisition3 value (Q3FY25) (in Q3FY25) D2C products 250+ 300+ 4.7 @ ~15 Mn 480 3,700+ Employee tool Mobile App Mobile Banki
Slide 58: Our digital strategy: open by Axis Bank
Our digital strategy: open by Axis Bank Setup open by Axis Bank – A Fully Digital Bank within the Bank Proprietary, distinctive digital - Distinctive In-house Digital Capability across People, Tech & Processes A native capabilities Acquire New Customers at Scale * - 40% of retail individual TDs acqu
Slide 59: Leadership in technology with several industry firsts
A Leadership in technology with several industry firsts 1st 1st 1st Indian Bank to be ISO Indian Bank to roll-out MS Indian Bank to launch certified for its AWS GenAI Co-pilot BBPS for B2B and Azure Cloud security 99.50% 810 0.04% CIS Score - % rating for Best-in-class UPI-Declines (b) - % Center of
Slide 60: Distinctive customer experience: highest rated Mobile Banking App
B Distinctive customer experience : Among the World’s highest rated Mobile Banking App, doubling up as our largest branch Store Rating Bank on-the-go with ‘open’ 4.7 Hyper personalized | Intuitive | Seamless 4.8 Among the highest rating of 4.7 on Google Play Store with 3 mn+ reviews People’s Choice
Slide 61: Account Aggregator based use cases
C We continue to scale up Account Aggregator based use cases Recently launched ‘One View’ on Axis Mobile Multiple use cases live in asset onboarding journeys Small Business Personal Loan Auto Loan Loan Peer Bank 1 Peer Bank 2 Two-Wheeler Credit Cards Home Loan Loan 83% • Consolidated balances from d
Slide 62: UPI has scaled up tremendously
C UPI has scaled up tremendously to become a key channel for customer transactions We have developed best-in-class UPI stack that enables us to offer cutting edge customized solutions across SDK, Intent, Collect and Pay offerings apart from new use cases like UPI AutoPay Dedicated IT cloud infrastru
Slide 63: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q3FY25 53
Slide 64: Stable GNPA and NNPA, adequate provision cover
Stable GNPA and NNPA, adequate provision cover GNPA at 1.46% & NNPA at 0.35% Segmental composition Retail CBG WBG Total 68%^ 74%^ 93%^ 76%^ 1.58% 1.43% 1.54% 1.44% 1.46% 1.63% 1.38% 0.36% 0.31% 0.34% 0.34% 0.35% 1.46% 0.52% 0.81% 0.10% 0.35% 0.21% Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 GNPA NNPA GNPA NN
Slide 65: Legacy asset quality issues adequately addressed
Legacy asset quality issues adequately addressed Overall Credit Costs: FY10 to 9MFY25 Trend in BB corporate book 3.57% (Fund based as % of GCA) 3.53% 7.29% Credit Cost 2.82% Net Credit Cost 2.78% 1.91% 2.15% 1.32% 1.87% 0.27% 1.89% 1.35% 1.56% 1.68% Jun'16 Mar'19 Dec'24 Long term (FY03 to FY24) 1.18
Slide 66: Detailed walk of NPAs over recent quarters
Detailed walk of NPAs over recent quarters All figures in ₹ Crores Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Gross NPAs - Opening balance A 16,757 15,893 15,127 16,211 15,466 Fresh slippages B 3,715 3,471 4,793 4,443 5,432 Upgradations & Recoveries C 2,598 2,155 1,503 2,069 1,915 Write offs D 1,981 2,082 2
Slide 67: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q3FY25 57
Slide 68: ESG focus continues to have Bank-wide sponsorship
ESG focus continues to have Bank-wide sponsorship Our Purpose Statement: Banking that leads to a more inclusive and equitable economy, thriving community and a healthier planet Steady Performance on Global ESG Benchmarks Ranked 2nd amongst Indian Banks in S&P Environmental Social Governance ESG Scor
Slide 69: Committed to Positive Climate Action and Achieving the SDGs
Committed to Positive Climate Action and Achieving the SDGs In September 2021, the Bank announced commitments aimed at supporting India’s low-carbon and equitable economic transition towards achieving the SDGs and India’s commitments under the Paris Agreement Our Commitment Unit Achievement by FY 20
Slide 70: Sparsh 2.0 Customer Experience program
Sparsh 2.0, our enhanced Customer Experience program, simplifies interactions, driving NPS, automation, and digitization, with a focus on customer loyalty and business growth NPS Digital Enablers Sparsh embedded across all customer Sparsh is committed to delivering smart banking: Industry-first LIVE
Slide 71: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q3FY25 61
Slide 72: Significant value in key group entities
Continue to create significant value in our key group entities Detailed One Axis presentation Invst Banking Consumer Retail Fintech Asset Management Trustee TReDS platform Insurance & Inst Equities focused NBFC Brokerage platform One of the fastest Leadership position in AAA rated NBFC with 3rd larg
Slide 73: Axis Finance: PAT up 20% YOY
Axis Finance : PAT up 20% YOY, Retail book up 32% YOY Growth in Assets under Finance (AUF) 37% CAGR** All figures in ₹ Crores 36,962 25% YOY 1,041 Major Highlights 32,123 709 29,562 • 32% YOY growth in Retail book, retail mix up ~254 bps YOY to 47% 700 17,192 23,340 14,337 811 13,000 (47%) • 18% YOY
Slide 74: Axis AMC: PAT up 27% YOY
Axis AMC : PAT up 27% YOY All figures in ₹ Crores 27% CAGR* Overall QAAUM 20% CAGR* Equity QAAUM 18% YOY 24% YOY 3,26,098 2,74,265 2,62,398 1,93,115 2,59,818 2,41,415 1,64,981 1,63,914 1,96,549 1,43,546 1,37,074 1,38,402 98,822 61,968 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Dec-23 Dec-24 Mar-20 Mar-21 Ma
Slide 75: Axis Capital: Leading in Equity Capital Markets
Axis Capital : Among the leading players in Equity Capital Markets 9MFY25 Ranking* by value (includes IPO, FPO, QIP, REIT, OFS & Rights) Rank Banker No of Deals* Major Highlights 1 Peer 1 32 • 43 ECM deals closed in 9MFY25 that includes 20 IPOs, 10 Blocks deals 2 Peer 2 21 • 4th rank in ECM deals 3
Slide 76: Axis Securities: PAT up 86% YOY
Axis Securities : PAT up 86% YOY Total customer base (in mn) 13% YOY 3rd largest bank led retail brokerage in terms of customer base 24% CAGR* Major Highlights 6.01 5.45 5.30 • 13% YOY growth in customer base in Q3FY25 4.86 4.17 • 31% of the volumes in Q3FY25 was from Mobile trading 3.63 2.27 • 56%
Slide 77: Axis Trustee: AUM up 30% YoY
Axis Trustee: AUM up 30% YoY All figures in ₹ Crores Assets under Trust 30% YOY 16% CAGR* 47,39,153 Major Highlights 39,04,153 36,50,877 • No. 2 @ 11% share in Securitization with 2X revenue growth on QOQ basis 29,94,794 30,01,067 26,43,586 21,26,291 • 107% revenue growth QOQ in Facility Agency busi
Slide 78: A.TREDS: Invoicemart setting a new benchmark in TReDS
A.TREDS: Invoicemart setting a new benchmark in TReDS SUSTAINABLE & INCLUSIVE PAYMENTS INNOVATION A.TREDS is the largest TReDS entity which operates on a perpetual license, allowed by RBI to set up the Trade Receivables Discounting System (TReDS), an electronic platform for facilitating cash flows f
Slide 79: Freecharge: Scaling Payment Aggregation and Merchant Businesses
Freecharge: Strong focus on scaling Payment Aggregation and Merchant Businesses Merchant Business Payment Aggregation Consumer Payments & Financial Services • Merchant QR GMV stable, selected • Awaiting payment aggregation license, PAPG is • Microfinance (MFI) is gaining momentum – Over geographies
Slide 80: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q3FY25 70
Slide 81: Awards and recognitions
Our winning mindset is reflected in multiple awards and recognitions… Won “Infosys Finacle Award”, for Co-lending Project implementation, Won ‘Domestic Retail Bank of the Transformation Excellence, Best BFSI Customer Won “Most Innovative use of AL/ML, year’ and ‘Digital Transformation Ecosystem led
Slide 82: Shareholding Pattern (as on December 31, 2024)
Shareholding Pattern (as on December 31, 2024) Life Insurance Corporation Others 7.91% 6.71% GDR's 3.86% Foreign Institutional Investors 45.49% Indian Institutions 36.03% ▪ Share Capital `619 crores ▪ Shareholders’ Funds `171,279 crores ▪ Book Value Per Share `553 ▪ Diluted EPS (Q3 FY25) (Annualised
Slide 83: Financial Performance (₹ crores)
Financial Performance Financial Performance (₹ crores) Q3FY25 Q3FY24 % Growth 9MFY25 9MFY24 % Growth Interest Income A 30,954 27,961 11% 91,435 80,144 14% Other Income B = C+D+E 5,972 5,555 8% 18,478 15,676 18% - Fee Income C 5,455 5,169 6% 16,166 14,620 11% - Trading Income D 368 291 26% 1,886 709
Slide 84: Financial Performance ($ mn)
Financial Performance Financial Performance ($ mn) Q3FY25 Q3FY24 % Growth 9MFY25 9MFY24 % Growth Interest Income A 3,615 3,266 11% 10,679 9,360 14% Other Income B = C+D+E 698 649 8% 2,158 1,831 18% - Fee Income C 637 604 6% 1,888 1,708 11% - Trading Income D 43 34 26% 220 83 166% - Miscellaneous Inc
Slide 85: Balance Sheet
Balance Sheet Balance Sheet As on 31st Dec’24 As on 31st Dec’23 As on 31st Dec’24 As on 31st Dec’23 % Growth CAPITAL AND LIABILITIES In ` Crores In ` Crores in $ Mn in $ Mn Capital 619 617 72 72 0.4% Reserves & Surplus 1,70,660 1,42,367 19,932 16,628 20% ESOP Outstanding 1,019 745 119 87 37% Deposit
Slide 86: Limited restructuring, largely secured and well provided
Limited restructuring, largely secured and well provided All figures in ₹ Crores Bank’s Net NPA* and Fund based BB and Below* portfolio Update on restructured book Outstanding Covid (1+2) restructuring as on 31.12.2024 Implemented PCR (excluding technical write offs) at 76%; net NPA flat QoQ and YoY
Slide 87: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this release which contain words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “futu
Slide 88: Thank You
Thank You Quarterly Results Q3FY25 78