Axis Bank Ltd
About
Axis Bank Limited, formerly known as UTI Bank, is an Indian multinational banking and financial services company headquartered in Mumbai under the leadership of Amitabh Chaudhry. It is India's third-largest private sector bank by assets and fourth-largest by market capitalisation. It deals in retail, corporate and international banking. It was founded on 3 December 1993 as UTI Bank as a part of Unit Trust of India, a Government of India entity. On 30 July 2007, UTI Bank changed its name to Axis Bank. Axis Bank has the largest automated teller machine network among private banks in India. Its subsidiaries include Axis Capital, Axis Securities, Axis Private Equity and Axis Mutual Fund. Axis Bank has an innovation hub located in Bengaluru with an in-house innovation team and an accelerator program, primarily working on artificial intelligence, becoming the first Indian bank to introduce a dedicated innovation lab in India.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 137989 30.4% | 105797 22.9% | 86114 10.4% | 77974 -2.6% | 80058 14.0% | 70232 20.1% | 58477 1.5% | 57597 12.1% | 51364 15.3% | 44566 15.8% | 38502 13.1% | 34035 23.8% | 27482 38.6% | 19826 27.1% | 15603 12.9% | 13826 - |
| Net Operating Income (INR Cr) | 112759 28.94% | 87448 27.02% | 68846 6.91% | 64397 1.07% | 63716 13.69% | 56044 20.23% | 46614 3.19% | 45175 9.09% | 41409 15.90% | 35727 16.24% | 30736 12.99% | 27202 23.67% | 21995 45.13% | 15155 30.21% | 11639 7.48% | 10829 - |
| Profit (INR Cr) | 26386 143.9% | 10818 -23.4% | 14119 96.2% | 7196 288.3% | 1853 -63.2% | 5039 1005.4% | 456 -88.5% | 3953 -52.7% | 8350 12.1% | 7448 18.0% | 6310 20.5% | 5235 24.1% | 4220 26.3% | 3340 34.8% | 2478 36.7% | 1813 - |
| Assets (INR Cr) | 1518924 12.9% | 1344837 12.5% | 1195977 19.5% | 1001047 7.9% | 927932 14.0% | 814136 15.7% | 703843 15.1% | 611555 11.9% | 546562 17.0% | 467289 20.9% | 386394 13.5% | 340584 19.3% | 285440 17.7% | 242599 34.3% | 180619 22.3% | 147734 - |
| Net Worth (INR Cr) | 157024 21.0% | 129782 9.7% | 118261 14.2% | 103594 20.0% | 86340 27.3% | 67803 5.6% | 64207 13.9% | 56380 5.3% | 53559 19.2% | 44950 17.1% | 38396 15.8% | 33158 46.2% | 22682 20.0% | 18895 18.2% | 15989 56.8% | 10196 16.5% |
| Employee Cost (INR Cr) | 12194 26.2% | 9665 14.9% | 8414 24.3% | 6769 16.3% | 5820 -2.8% | 5990 10.6% | 5414 14.2% | 4742 18.0% | 4019 11.2% | 3616 21.6% | 2973 11.1% | 2675 18.7% | 2254 29.1% | 1746 28.4% | 1360 27.4% | 1068 - |
| Interest Cost (INR Cr) | 61391 | 43389 | 34923 | 34627 | 37996 | 33883 | 27604 | 26789 | 24344 | 21341 | 18703 | 17513 | 13969 | 8589 | 6633 | 7149 |
| Cash & Bank Balance (INR Cr) | 116493 | 108708 | 112344 | 63424 | 97800 | 68004 | 43911 | 50966 | 33703 | 36492 | 28582 | 20500 | 13934 | 21409 | 15206 | 15019 |
| Total Debt (INR Cr) | 1295302 | 1152038 | 1020943 | 850551 | 797337 | 711996 | 611425 | 527437 | 472150 | 406638 | 333280 | 296254 | 254059 | 215434 | 158448 | 132878 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 19.1% | 10.2% | 16.4% | 9.2% | 2.3% | 7.2% | 0.8% | 6.9% | 16.3% | 16.7% | 16.4% | 15.4% | 15.4% | 16.9% | 15.9% | 13.1% |
| Profit As % Of Assets | 1.7% | 0.8% | 1.2% | 0.7% | 0.2% | 0.6% | 0.1% | 0.7% | 1.5% | 1.6% | 1.6% | 1.5% | 1.5% | 1.4% | 1.4% | 1.2% |
| Profit As % Of Networth | 16.8% | 8.3% | 11.9% | 7.0% | 2.2% | 7.4% | 0.7% | 7.0% | 15.6% | 16.6% | 16.4% | 15.8% | 18.6% | 17.7% | 15.5% | 17.8% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 18.4% | 8.8% | 12.8% | 7.6% | 2.4% | 7.7% | 0.8% | 7.2% | 17.0% | 17.9% | 17.6% | 18.7% | 20.3% | 19.2% | 18.9% | 19.1% |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |