Q2 Results LIVE Updates: Axis Bank shares decline nearly 4%; UltraTech, Bajaj Fin report today

Motilal Oswal Fin Srvcs On CNBCTV18:

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ICICI Bank Delivers Another Stellar Quarter, With Business Growth At 30%

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ICICI Bank Earnings Upgrades Expected, RoA Seen Sustaining Around 2.3%

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HDFC Bank Beginning To Move Towards Better Outcomes

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All 3 Large Banks Faced Margin Pressure Due To FCNR(B) Impact

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Earnings Growth Expected To Improve For Large Banks From Here

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HDFC Bank Expected To Deliver 15% Earnings Growth

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The stock is currently down nearly 4.5%.

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It reported its second quarter results post market hours on Friday.

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Net Profit down 4.8% At Rs 1,397.9 Cr Vs Rs 1,468.6 Cr (QoQ)

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Revenue up 1.7% At Rs 11,807.6 Cr Vs Rs 11,608 Cr (QoQ)

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EBIT up 2.2% At Rs 1,838 Cr Vs Rs 1,799.3 Cr (QoQ)

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EBIT Margin (GU) 1,300 Bps At 28.5% Vs 15.5% (QoQ)

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$ Revenue (GU)1% At $1,235.2 Vs $1,223.5 (QoQ)

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The stock is currently down 6.7%, reacting to its second quarter results. The company reported its numbers post market hours on Friday

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Net Loss At Rs 182.5 Cr Vs Loss Of Rs 59 Cr (YoY)

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Revenue Up 41.4% At Rs 537.3 Cr Vs Rs 380 Cr (YoY)

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EBITDA Loss At Rs 187.6 Cr Vs Loss Of Rs 68.4 Cr (YoY)

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Board Approves Fundraise…

Original source: https://www.cnbctv18.com/entertainment/