Axis Bank's net profit nearly doubles to ₹4,125 crore in Q1 FY23

Axis Bank on Monday said its net profit rose 91% YoY from ₹2,160 crore in Q1 FY22 to ₹4,125 crore in Q1 FY23. The bank's net interest income in the April-June quarter grew 21% YoY to ₹9,384 crore while its non-performing assets declined to 2.76% from 3.85% in Q1 FY22. Its core operating profit grew 17% YoY to ₹6,554 crore.