India Business News: Dixon Technologies (India) Ltd saw a nearly 2% rise in its stock price as it reported a 47% increase in consolidated net profit at Rs 113.36 crore in
Private lender Axis Bank posted 10% year-on-year (YoY) growth in its standalone net profit at Rs 5,863 crore in the July-September period, which is also higher than the ET NOW poll estimate of Rs 5,800 crore. Net interest income (NII) during the reporting quarter rose 19% YoY to Rs 12,314 crore, compared with Rs 10,360 crore in the same quarter last year.
The gross non-performing assets (NPAs) as a percentage of total loans improved to 4.97 per cent at the end of September 2023 as against 7.30 per cent a year ago.