Axis Bank Q1 Results: Standalone PAT rises 4% YoY to Rs 6,035 crore, NII jumps 12%

Axis Bank Q1 Results: The lender reported Rs 5,797 crore profit in the year-ago period. Its interest expense for the quarter rose significantly to Rs 16,613 crore, marking a 22% increase compared to the Rs 13,598 crore spent in the same period the previous year. Its net interest income grew 12% YoY and 3% QoQ to Rs 13,448 crore while the net interest margin (NIM) for the quarter stood at 4.05%.