We retain our Neutral recommendation on AXIS Capital Holdings Ltd. (AXS) as the positives are dwarfed by the company’s exposure to catastrophe losses, a competitive market and foreign currency ...
Axis Bank (AXSB) reported 2QFY25 net profit of INR69.2b (up 18% YoY, 4% beat) as tax reversals and treasury gains offset higher provisions. In 1HFY25, earnings grew 11% YoY to INR129b, and we expect ...
Axis Bank (AXSB) reported 2QFY26 net profit of INR50.9b (26% YoY decline, 8% miss) amid higher provisions. NII grew 1.4% QoQ (up 2% YoY) to INR137.4b (4% beat). NIMs contracted 7bp QoQ to 3.73%, aided ...
Counting on the positives, new business opportunities across AXIS Capital's lines of business and geography have helped the company achieve growth in premium writings. The company noted improved ...