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BOARD MEETING OF AXIS BANK TO CONSIDER UNAUDITED FINANCIAL RESULTS FOR THE QUARTER (Q3) / NINE MONTHS (9M) ENDED 31ST DECEMBER, 2014
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We enclose herewith a copy of the Unaudited Financial Results for the Quarter (Q3) / Nine Months (9M) ended 31st December, 2014 of the Bank. The said results are approved by the Board of Directors of the Bank at its meeting held today at Mumbai.
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You are requested to take the above on record.
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Axis Bank Limited
Regd. Office: 'Trishul', 3rd floor, Opp. Samartheshwar Temple, Law Garden, Ellisbridge,
Ahmedabad - 380 006.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2014
(Rs in lacs)
PARTICULARS | FOR THE QUARTER ENDED 31.12.2014 | FOR THE QUARTER ENDED 30.09.2014 | FOR THE QUARTER ENDED 31.12.2013 | FOR THE NINE MONTHS ENDED 31.12.2014 | FOR THE NINE MONTHS ENDED 31.12.2013 | FOR THE YEAR ENDED 31.03.2014 |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | |
1. Interest earned (a)+(b)+(c)+(d) | 8,889,74 | 8,602,36 | 7,789,13 | 25,781,52 | 22,675,93 | 30,641,16 |
(a) Interest/discount on advances/bills | 6,501,92 | 6,255,94 | 5,557,25 | 18,843,17 | 16,140,65 | 21,950,43 |
(b) Income on Investments | 2,279,79 | 2,204,82 | 2,110,41 | 6,586,91 | 6,268,22 | 8,343,13 |
(c) Interest on balances with Reserve Bank of India and other inter-bank funds | 53,90 | 54,45 | 48,77 | 164,18 | 117,86 | 166,79 |
(d) Others | 54,13 | 87,15 | 72,70 | 187,26 | 149,20 | 180,81 |
2. Other Income (Refer note 2) | 2,039,07 | 1,947,61 | 1,644,42 | 5,677,73 | 5,191,82 | 7,405,22 |
3. TOTAL INCOME (1+2) | 10,928,81 | 10,549,97 | 9,433,55 | 31,459,25 | 27,867,75 | 38,046,38 |
4. Interest Expended | 5,300,18 | 5,077,51 | 4,805,12 | 15,356,62 | 13,890,04 | 18,689,52 |
5. Operating expenses (i)+(ii) | 2,314,03 | 2,310,16 | 2,013,40 | 6,730,07 | 5,769,33 | 7,900,77 |
(i) Employees cost | 778,48 | 785,98 | 655,10 | 2,316,21 | 1,942,10 | 2,601,35 |
(ii) Other operating expenses | 1,535,55 | 1,524,18 | 1,358,30 | 4,413,86 | 3,827,23 | 5,299,42 |
6. TOTAL EXPENDITURE (4+5) (Excluding Provisions and Contingencies) | 7,614,21 | 7,387,67 | 6,818,52 | 22,086,69 | 19,659,37 | 26,590,29 |
7. OPERATING PROFIT (3-6) (Profit before Provisions and Contingencies) | 3,314,60 | 3,162,30 | 2,615,03 | 9,372,56 | 8,208,38 | 11,456,09 |
8. Provisions (other than tax) and Contingencies (Net) | 507,15 | 725,04 | 202,49 | 1,618,79 | 1,602,23 | 2,107,46 |
9. Exceptional Items | - | - | - | - | - | - |
10. Profit/(Loss) from Ordinary Activities before Tax (7-8-9) | 2,807,45 | 2,437,26 | 2,412,54 | 7,753,77 | 6,606,15 | 9,348,63 |
11. Tax expense | 907,69 | 826,55 | 808,43 | 2,576,54 | 2,230,80 | 3,130,96 |
12. Net Profit/(Loss) from Ordinary Activities after Tax (10-11) | 1,899,76 | 1,610,71 | 1,604,11 | 5,177,23 | 4,375,35 | 6,217,67 |
13. Extraordinary Items (net of tax expense) | - | - | - | - | - | - |
14. Net Profit/(Loss) for the period (12-13) | 1,899,76 | 1,610,71 | 1,604,11 | 5,177,23 | 4,375,35 | 6,217,67 |
15. Paid-up equity share capital (Face value Rs 2/- per share) | 472,65 | 471,93 | 469,25 | 472,65 | 469,25 | 469,84 |
16. Reserves excluding revaluation reserves | 37,750,65 | |||||
17. Analytical Ratios | ||||||
(i) Percentage of Shares held by Government of India | NIL | NIL | NIL | NIL | NIL | NIL |
(ii) Capital Adequacy Ratio (Basel III) | 14.06% | 14.84% | Β 15.50% Β | 14.06% | Β 15.50% Β | 16.07% |
(iii) Earnings per Share (EPS) for the period/year (before and after extraordinary items) (Rs) - Basic - Diluted | Β Β Β 8.05 7.98 | Β Β Β 6.83 6.78 | Β Β Β 6.84 6.83 | Β Β Β 21.96 21.77 | Β Β Β 18.66 18.63 | Β Β Β 26.51 26.45 |
(iv) NPA Ratios | ||||||
(a) Amount of Gross Non-Performing Assets | 3,901,59 | 3,613,10 | 3,008,20 | 3,901,59 | 3,008,20 | 3,146,41 |
(b) Amount of Net Non-Performing Assets | 1,250,67 | 1,179,80 | 1,003,43 | 1,250,67 | 1,003,43 | 1,024,62 |
(c) % of Gross NPAs | 1.34 | 1.34 | 1.25 | 1.34 | 1.25 | 1.22 |
(d) % of Net NPAs | 0.44 | 0.44 | 0.42 | 0.44 | 0.42 | 0.40 |
(v) Return on Assets (annualized) | 1.86 | 1.69 | 1.79 | 1.78 | 1.70 | 1.78 |
18. Public Shareholding # - Number of shares - Percentage of shareholding | Β 1,608,234,425 68.05% | Β 1,590,743,163 67.41% | 1,459,829,275 62.22% | Β 1,608,234,425 68.05% | 1,459,829,275 62.22% | Β 1,578,741,905 67.20% |
19. Promoters and promoter group shareholding# Pledged/Encumbered - Number of shares - Percentage of shares (as a % of the total shareholding of promoter and promoter group) - Percentage of shares (as a % of the total share capital) Β Non Encumbered - Number of shares - Percentage of shares (as a % of the total shareholding of promoter and promoter group) - Percentage of shares (as a % of the total share capital) | Β Β Β Β NIL Β - Β Β Β - Β Β 667,388,073 Β 100.00% Β Β 28.24% Β | Β Β Β Β NIL Β - Β Β Β - Β Β 681,356,225 Β 100.00% Β Β 28.88% | Β Β Β Β NIL Β - Β Β Β - Β Β 794,813,175 Β 100.00% Β Β 33.88% Β | Β Β Β Β NIL Β - Β Β Β - Β Β 667,388,073 Β 100.00% Β Β 28.24% Β | Β Β Β Β NIL Β - Β Β Β - Β Β 794,813,175 Β 100.00% Β Β 33.88% Β | Β Β Β Β NIL Β - Β Β Β - Β Β 693,911,965 Β 100.00% Β Β 29.54% Β |
# excludes shares held by custodian against which Global Depositary Receipts have been issued.
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Notes:
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1. Statement of Assets and Liabilities of the Bank as on 31st December, 2014 is given below.
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(Rs in lacs)
Particulars | As on 31.12.2014 | As on 31.12.2013 |
(Unaudited) | (Unaudited) | |
CAPITAL AND LIABILITIES | ||
Capital | 472,65 | 469,25 |
Reserves and Surplus | 43,343,51 | 37,179,46 |
Deposits | 2,91,198,65 | 2,62,397,61 |
Borrowings | 72,987,51 | 48,398,88 |
Other Liabilities and Provisions | 13,107,28 | 11,004,65 |
TOTALΒ | 4,21,109,60 | 3,59,449,85 |
ASSETSΒ | ||
Cash and Balances with Reserve Bank of India | 15,504,40 | 16,348,35 |
Balances with Banks and Money at Call and Short Notice | 10,398,93 | 7,398,14 |
Investments | 1,22,373,80 | 1,12,204,85 |
Advances | 2,60,567,33 | 2,11,467,34 |
Fixed Assets | 2,472,08 | 2,354,37 |
Other Assets | 9,793,06 | 9,676,80 |
TOTAL | 4,21,109,60 | 3,59,449,85 |
2. 'Other income' includes gains from securities' transactions, commission earned from guarantees/letters of credit, fees earned from providing services to customers, selling of third party products, ATM sharing fees.Β
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3. During the quarter ended 31st December, 2014, the Bank allotted 3,612,880 equity shares pursuant to the exercise of options under its Employee Stock Option Scheme.
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4. The shareholders of the Bank at the 20thΒ Annual General Meeting held on 27thJune 2014, approved the sub-division (split) of one equity share of the Bank from nominal value of Rs10/- each into five equity shares of nominal value of Rs 2/- each. The record date for the sub-division was 30th July, 2014. All shares and per share information in the financial results reflect the effect of sub-division (split) retrospectively for the earlier reporting periods.
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5. Disclosure about investor complaints:
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Complaints at the beginning of the quarter | Received during the quarter | Disposed off during the quarter | Unresolved as on 31.12.2014 |
NIL | 121 | 121 | NIL |
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6. In accordance with RBI circular DBOD.No.BP.BC.2/21.06.201/2014 -15 dated 1st July, 2014, banks are required to make Pillar 3 disclosures under Basel III capital requirements. The Bank has made these disclosures which are available on its website at the following link: http://www.axisbank.com/investor-corner/baselIII-disclosures.aspx. The disclosures have not been subjected to audit or limited review by the statutory auditors of the Bank.
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7. The above results have been approved by the Board of Directors of the Bank at its meeting held at Mumbai today.
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8. These results for the quarter and nine months ended 31stΒ December, 2014 have been subjected to a "Limited Review" by the statutory auditors of the Bank.
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9. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.
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Axis Bank Limited
Segmental Results
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(Rsin lacs)
FOR THE QUARTER ENDED 31.12.2014 | FOR THE QUARTER ENDED 30.09.2014 | FOR THE QUARTER ENDED 31.12.2013 | FOR THE NINE MONTHS ENDED 31.12.2014 | FOR THE NINE MONTHS ENDED 31.12.2013 | FOR THE YEAR ENDED 31.03.2014 | ||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
1 | Segment Revenue | ||||||
A | Treasury | 12,864,12 | 12,393,87 | 11,737,12 | 37,374,85 | 34,435,13 | 46,399,98 |
B | Corporate/Wholesale Banking | 5,196,56 | 5,072,06 | 4,749,04 | 15,196,35 | 14,316,07 | 19,424,44 |
C | Retail Banking | 7,230,94 | 6,972,97 | 5,782,18 | 20,790,49 | 16,065,91 | 22,259,00 |
D | Other Banking Business | 216,33 | 193,47 | 153,49 | 540,01 | 415,61 | 666,89 |
Total | 25,507,95 | 24,632,37 | 22,421,83 | 73,901,70 | 65,232,72 | 88,750,31 | |
Less: Inter segment revenue | 14,579,14 | 14,082,40 | 12,988,28 | 42,442,45 | 37,364,97 | 50,703,93 | |
Income from Operations | 10,928,81 | 10,549,97 | 9,433,55 | 31,459,25 | 27,867,75 | 38,046,38 | |
2 | Segment Results After Provisions & Before Tax | ||||||
A | Treasury | 805,01 | 708,93 | 696,14 | 2,159,23 | 1,601,09 | 2,335,74 |
B | Corporate/Wholesale Banking | 1,450,89 | 1,336,16 | 1,527,22 | 4,278,82 | 4,323,98 | 5,892,60 |
C | Retail Banking | 347,16 | 226,26 | 62,51 | 843,99 | 338,47 | 551,27 |
D | Other Banking Business | 204,39 | 165,91 | 126,67 | 471,73 | 342,61 | 569,02 |
Total Profit Before Tax | 2,807,45 | 2,437,26 | 2,412,54 | 7,753,77 | 6,606,15 | 9,348,63 | |
3 | Capital Employed | ||||||
A | Treasury | 12,051,86 | 24,870,55 | 20,264,48 | 12,051,86 | 20,264,48 | 19,510,61 |
B | Corporate/Wholesale Banking | 87,443,93 | 72,895,19 | 63,405,81 | 87,443,93 | 63,405,81 | 62,406,09 |
C | Retail Banking | (58,265,98) | (58,203,64) | (47,988,46) | (58,265,98) | (47,988,46) | (44,687,33) |
D | Other Banking Business | 431,60 | 349,51 | 242,90 | 431,60 | 242,90 | 357,68 |
E | Unallocated | 2,154,75 | 1,852,36 | 1,723,98 | 2,154,75 | 1,723,98 | 633,44 |
Total | 43,816,16 | 41,763,97 | 37,648,71 | 43,816,16 | 37,648,71 | 38,220,49 | |
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Note: Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.
For and on behalf of the Board
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SHIKHA SHARMA
MD & CEO
Place: Mumbai
Date: 16th January, 2015
www.axisbank.com
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