Axis Bank

Prpared by Abraham Joseph

Date Thursday, July 02, 2020
Purpose To evaluate the performance of the bank
Axis Bank
Computation of Ratios

Mar-10 Mar-11 Mar-12 Mar-13 Mar-14

Average Total Assets 2,045,421 2,557,724 3,033,528 3,495,983

Average Equity 175,217 209,037 279,582 356,642
Average Loans and Advnces

Return on Equity Capital. 14.35% 16.21% 15.17% 14.52%

Equity Multiplier (x times) 11.67 12.24 10.85 9.80
Return on Total Assets 1.7% 1.7% 1.7% 1.8%
Net interest margin 3.21% 3.13% 3.19% 3.42%
Net noninterest margin -0.16% -0.16% -0.16% -0.08%
Special Transactions
affecting Net income 1.28% 1.24% 1.40% 1.53%

=($IS.C9/AVERAGE($BS.B68:C68))-($IS.C19/AVERAGE(($BS.B25+$BS.B30),($BS.C25
Earnings Spread 7.69% 8.14% 8.46% 8.40%

ROA 1.77% 1.74% 1.62% 1.82%

ROE 19.34% 20.29% 18.53% 17.43%

ROA
 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
Return on Equity Ca
4,082,103 4,834,049 5,475,757 6,202,379 7,166,103 18.00%
16.00%
414,485 489,207 544,637 596,039 650,608
14.00%
12.00%
10.00%
8.00%
15.00% 15.04% 15.10% 6.17% 0.42% 6.00%
9.85 9.88 10.05 10.41 11.01 4.00%
2.00%
1.8% 1.7% 0.7% 0.0% 0.7% 0.00%
3.48% 3.48% 3.30% 3.00% 3.03% Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 J
-0.10% -0.39% -1.53% -2.25% -1.44%

1.53% 1.74% 2.51% 2.66% 1.97%

AGE(($BS.B25+$BS.B30),($BS.C25+$BS.C30)))
8.09% 7.66% 7.15% 6.42% 6.66%

1.85% 1.35% -0.73% -1.91% -0.38%

17.75% 16.81% 6.76% 0.46% 7.19%
Return on Equity Capital.

2 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19

Axis Bank Ltd.
Income & Expenditure Summary : Mar 2010 -
Mar 2019 : Non-Annualised : Rs. Million
Mar-10 Mar-11 Mar-12 Mar-13 Mar-14
12 mths 12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP IGAAP IGAAP IGAAP
-
Total income 156,123.30 197,942.60 274,363.00 338,576.00 382,961.90
Income from financial services 154,301.70 194,608.60 270,842.80 335,635.40 379,823.10
Interest income 116,380.10 151,548.00 219,946.50 271,825.80 306,411.50
Dividends 1.4 7.5 11.3 15 18.8
Income from treasury operations 12,043.70 9,299.30 7,468.00 13,543.10 19,455.20
Other income 52.9 78.4 200.5 159.2 152.5
Prior period and extraordinary income 1,768.70 3,255.60 3,319.70 2,781.40 2,986.30

Total expenses 130,978.00 164,057.70 231,940.90 286,781.70 320,785.20

Operating Expenses 101,089.20 131,812.20 197,014.60 240,847.00 263,616.50
Fee based financial services expenses
Fund based financial services expenses 66,335.30 86,911.00 140,366.00 175,222.00 187,100.90
Interest expenses 66,335.30 85,918.30 139,769.00 175,163.20 186,895.20
Treasury operations expenses 992.7 581
Compensation to employees 12,558.20 16,139.00 20,801.70 23,769.80 27,160.70
Indirect taxes 2.9
Rent & lease rent 4,960.90 6,798.50 6,564.20 7,506.00 8,047.80
Repairs & maintenance 3,023.30 3,839.30 5,294.80 5,858.90 6,257.50
Insurance premium paid 1,414.30 1,849.50 2,312.90 2,622.20 3,166.60
Outsourced professional jobs 154.2 141.2 192 190.1 125.5
Non-executive directors' fees 5.1 5.8 8.4 15.4 10.4
Selling & distribution expenses 472.7 790.1 881.4 1,196.50 959.5
Travel expenses
Communications expenses 1,756.50 1,984.90 2,587.00 2,791.30 2,805.30
Printing & stationery expenses 831 1,096.00 935 1,003.90 1,136.30
Miscellaneous expenditure 9,577.70 12,254.00 17,071.20 20,670.90 26,846.00

Non-Cash Charges 16,478.30 14,696.00 14,466.40 22,153.60 25,712.60

Provisions 14,135.10 11,800.10 11,044.00 18,636.30 22,073.30
Depreciation 2,343.20 2,895.90 3,422.40 3,517.30 3,639.30
Amortisation
Write-offs

Prior period and extraordinary expenses 38.7 69.8 44.7 142.3

Provision for direct tax 13,371.80 17,479.70 20,459.90 23,736.40 31,313.80

PAT (Profit after tax) 25,145.30 33,884.90 42,422.10 51,794.30 62,176.70

 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
12 mths 12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP IGAAP IGAAP IGAAP

440,234.90 509,288.60 562,509.00 578,902.30 681,666.30

436,634.90 501,290.80 560,115.80 567,311.20 662,153.60
354,786.00 409,880.40 445,421.60 457,803.10 549,857.70
338.1 1,397.50 1,832.80 2,560.60 1,311.00
20,300.10 22,937.20 42,540.40 29,648.70 22,448.40
1,082.60 698.6 435.5 614 641.6
2,517.40 7,299.20 1,957.70 10,977.10 18,871.10

366,656.70 427,052.00 525,716.20 576,145.50 634,900.20

300,959.30 339,021.20 383,788.50 405,854.70 487,092.60

212,978.60 242,452.00 266,877.50 271,632.30 335,855.80

212,544.60 241,550.70 264,490.50 271,625.90 332,776.00
840.1 2,387.00 3,000.20
31,149.70 33,760.10 38,918.60 43,129.60 47,473.20

8,102.60 6,741.00 9,345.90 10,017.10 10,468.70

7,323.20 7,142.80 8,565.40 8,291.80 10,549.80
3,663.90 4,154.50 5,014.80 5,535.10 6,003.00
124.1 187 127 1,005.50 1,190.40
17.6 21.2 24.7 23.3 27.6
905.7 883.4 1,303.40 1,536.40 1,018.10

3,069.80 2,579.30 3,040.80 3,119.60 2,962.20

1,183.60 1,383.90 1,860.20 1,646.30 1,951.40
32,440.50 39,716.00 48,710.20 61,255.40 70,968.30

28,662.10 46,329.90 124,009.40 171,668.10 124,603.80

24,605.40 41,890.80 118,921.40 165,987.10 117,506.60
4,056.70 4,439.10 5,088.00 5,681.00 7,097.20

35.9 35.5 163.8 229

36,999.40 41,700.90 17,882.80 -1,541.10 22,974.80

73,578.20 82,236.60 36,792.80 2,756.80 46,766.10

Axis Bank Ltd.

Balance Sheet Summary : Mar 2010 - Mar 2019 : Non-

Annualised : Rs. Million

Mar-10 Mar-11 Mar-12 Mar-13 Mar-14

12 mths 12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP IGAAP IGAAP IGAAP
-
Total liabilities 1,806,805.30 2,427,460.30 2,856,508.60 3,405,861.70 3,832,874.70

Total Capital 4,051.70 4,105.50 4,132.00 4,679.50 4,698.40

Paid up equity capital 4,051.70 4,105.50 4,132.00 4,679.50 4,698.40
Paid up preference capital

Share appln money & suspense account

Reserves and funds 156,394.50 185,882.80 223,953.50 326,399.10 377,506.40

Free reserves 34,420.40 53,232.30 76,837.60 103,835.70 138,557.60
General reserves 146.1 3,534.60 3,543.10 3,543.10 3,543.10
Balance as per profit & loss account 34,274.30 49,697.70 73,294.50 100,292.60 135,014.50
Specific reserves 121,974.10 132,650.50 147,115.90 222,563.40 238,948.80
Security premium reserves (net of deductions) 97,695.30 100,050.80 101,387.60 157,614.90 158,971.70
Capital reserves (incl grants and subsidies) 4,858.30 4,905.90 5,425.00 9,460.20 9,848.80
Capital redemption reserves
Debenture and bond redemption reserves

Deposits (accepted by commercial banks) 1,413,002.20 1,892,378.00 2,201,043.00 2,526,135.80 2,809,445.60

Demand deposits 321,677.30 369,170.90 397,540.70 483,220.90 486,864.00
Saving deposits 338,618.00 408,503.10 516,679.60 637,777.30 777,759.40
Term deposits 752,706.90 1,114,704.00 1,286,822.70 1,405,137.60 1,544,822.20

Borrowings 171,695.50 262,678.80 340,716.70 439,511.00 502,909.40

From banks 10,591.00 285 16,200.20 24,577.70
From financial institutions 13,773.90 14,405.30 37,294.00 43,368.00 56,486.50
Syndicated across banks & institutions
Debentures and bonds 4,205.40 591 591
Foreign currency borrowings 86,363.40 184,369.50 213,883.70 273,058.80 315,547.20
Sub-ordinated debt 67,352.80 53,313.00 87,513.00 106,293.00 103,508.00
Borrowings from rbi 1,150.00 0 2,790.00

Deferred tax liability 326.8 326.7 230.6 255.1 425.9

Current liabilities & provisions 61,334.60 82,088.50 86,432.80 108,881.20 137,889.00

Current liabilities 51,013.90 68,448.70 70,336.70 84,479.40 104,511.20
Provisions outstanding 10,320.70 13,639.80 16,096.10 24,401.80 33,377.80

Total assets 1,806,805.30 2,427,460.30 2,856,508.60 3,405,861.70 3,832,874.70

Net fixed assets 11,651.80 22,504.50 21,885.60 22,305.40 23,105.40

Intangible assets, net 1,045.20 1,219.00 1,208.70 1,461.00 2,056.30
Land and buildings, net 729.4 8,918.90 8,739.70 8,631.60 8,484.30
Plant, machinery, computers & electrical assets, net

Capital work-in-progress 572.4 226.9 707.7 1,251.00 996.7

Net pre-operative exp pending allocation

 Investments 559,748.20 719,916.20 931,920.80 1,137,375.40 1,135,484.30
Investment in equity shares 6,831.50 9,524.20 10,895.40 11,763.50 16,710.60
Investment in debt instruments 480,191.40 622,683.80 816,840.30 985,926.00 932,370.10
Investment in approved securities (slr & oth stat req)

Deferred tax assets 6,440.10 8,495.20 10,505.10 14,002.80 17,761.40

Current assets 184,339.80 251,837.80 192,709.00 260,997.10 354,859.30

Cash and bank balance 152,039.10 214,086.50 139,339.20 204,349.50 282,386.90
Inventories 9.7 11.8 12.6 11.2 12.6
Receivables 32,291.00 37,739.50 53,357.20 56,636.40 72,459.80

Loans and advances by finance companies 1,043,409.50 1,424,078.30 1,697,595.30 1,969,659.60 2,300,667.60

Total unamortised expenses

Addendum Information
Net fixed assets net of reval 11,651.80 22,504.50 21,885.60 22,305.40 23,105.40
Tangible net worth 159,401.00 188,769.30 226,876.80 329,617.60 380,148.50
Total outside liabilities 233,356.90 345,094.00 427,380.10 548,647.30 641,224.30
 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
12 mths 12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP IGAAP IGAAP IGAAP

4,619,777.90 5,399,959.40 6,015,591.60 6,914,576.00 8,010,814.90

4,741.00 4,765.70 4,790.10 5,133.10 5,143.30

4,741.00 4,765.70 4,790.10 5,133.10 5,143.30

442,024.00 526,883.50 552,835.30 629,319.50 661,619.80

179,778.00 241,207.70 248,026.40 233,973.60 246,773.10
3,543.10 3,543.10 3,543.10 3,543.10 3,543.10
176,234.90 237,664.60 244,483.30 230,430.50 243,230.00
262,246.00 285,675.80 304,808.90 395,345.90 414,846.70
163,740.60 166,769.50 170,025.70 257,890.50 259,597.40
10,480.20 11,100.70 18,656.40 19,673.00 20,923.90

3,224,419.40 3,579,675.70 4,143,788.00 4,536,227.30 5,484,713.40

561,082.20 636,519.20 870,017.50 956,495.50 892,653.30
882,920.80 1,057,931.30 1,260,482.90 1,482,020.50 1,541,288.10
1,780,416.40 1,885,225.20 2,013,287.60 2,097,711.30 3,050,772.00

797,582.70 1,085,803.80 1,050,308.70 1,480,161.40 1,527,757.80

16,806.00 13,177.00 21,915.00 11,167.00 1,935.00
147,497.90 242,599.10 291,857.50 406,748.20 419,383.50

35,000.00 70,000.00 70,000.00

521,270.80 613,179.70 539,486.20 719,196.20 697,389.30
112,008.00 123,308.00 162,050.00 212,050.00 195,050.00
0 93,540.00 61,000.00 144,000.00

454 1,749.00 914.8 1,280.20 849.3

150,556.80 201,081.70 262,954.70 262,454.50 330,731.30

109,878.20 174,021.10 231,914.20 236,823.50 295,852.20
40,678.60 27,060.60 31,040.50 25,631.00 34,879.10

4,619,777.90 5,399,959.40 6,015,591.60 6,914,576.00 8,010,814.90

24,130.50 33,162.00 34,659.30 36,255.90 37,639.50

2,520.40 2,920.40 6,916.60 8,577.50 10,564.70
8,797.90 17,428.80 17,165.60 16,861.00 16,276.60

1,012.60 2,069.70 2,809.60 3,460.90 2,726.90

1,175,502.00 1,315,240.70 1,287,933.80 1,538,760.80 1,749,692.80
19,080.30 25,184.60 26,950.10 36,182.40 32,455.80
1,072,974.10 1,194,494.00 1,194,927.40 1,347,067.60 1,595,239.10

19,323.10 21,336.90 51,536.70 70,043.70 77,256.60

439,005.80 470,661.90 732,786.30 637,310.10 897,989.60

360,990.30 333,254.50 502,561.90 434,548.90 672,046.40
10.1 8.3 19.8 3.8 3.1
78,005.40 137,399.10 230,204.60 202,757.40 225,940.10

2,810,830.40 3,387,737.30 3,730,693.50 4,396,503.10 4,947,979.80

24,130.50 33,162.00 34,659.30 36,255.90 37,639.50

444,244.60 528,728.80 550,708.80 625,875.10 656,198.40
948,593.50 1,288,634.50 1,314,178.20 1,743,896.10 1,859,338.40
Axis Bank Ltd.

Cash Flow Summary : Mar 2010 - Mar 2019 : Non-

Annualised : Rs. Million

Mar-10 Mar-11 Mar-12 Mar-13 Mar-14

12 mths 12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP IGAAP IGAAP IGAAP
-
Net cash flow from operating activities 51,840.90 149,622.50 67,329.70 122,717.60 27,609.00
Net profit before tax & extraordinary items 38,517.10 51,361.20 62,882.00 75,530.70 93,490.50
Add: Adj for non-cash and non-op exp 17,346.70 16,367.00 15,675.40 22,872.80 26,596.50
Less: Adj for non-cash and non-op income 246.7 0 401.4 1,135.70 1,002.90
Operating cash flow before working cap chgs 55,617.10 67,728.20 78,156.00 97,267.80 119,084.10
Add:Cash inflow due to decr/(incr) in wkg cap 253,157.60 497,040.70 310,422.90 339,853.90 303,660.90
Less:Cash outflow due to (decr)/incr in wkg cap 241,787.10 395,853.90 297,899.70 288,109.20 360,711.70
Cash flow generated from operations 66,987.60 168,915.00 90,679.20 149,012.50 62,033.30
Cash flow before extraordinary items 51,840.90 149,622.70 67,329.70 122,717.60 27,609.00
Cash outflow due to extraordinary items
Cash inflow due to extraordinary items
Cash outflow due to misc expend 0.2

Net cash inflow from investing activities -101,089.80 -175,225.10 -216,784.70 -207,128.90 -3,058.30
Less: Cash outflow from investing activities 101,278.50 175,355.20 217,547.00 210,063.90 144,161.50
Add: Cash inflow due to investing activities 188.7 130.1 762.3 2,935.00 141,103.20

Net cash flow from financing activities 51,119.00 87,650.10 74,707.60 149,421.70 54,901.50
Less: Cash outflow due to financing activities 6,127.10 7,366.80 6,697.60 7,702.20 11,214.60
Add: Cash inflow from financing activities 57,246.10 95,016.90 81,405.20 157,123.90 66,116.10

Net change in cash & cash equivalents(cl-op) 1,870.10 62,047.50 -74,747.40 65,010.40 79,452.20
Cash & cash equivalents as at the start of the year 150,169.00 152,039.10 214,086.60 139,339.20 204,349.60
Cash & cash equivalents as at the end of the year 152,039.10 214,086.60 139,339.20 204,349.60 282,386.90
 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
12 mths 12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP IGAAP IGAAP IGAAP

-52,807.30 -191,833.70 341,922.80 -469,493.60 375,669.30

110,577.60 123,937.00 54,675.60 1,215.70 69,740.90
29,431.40 47,898.70 127,784.60 174,651.60 131,040.50
1,328.60 5,693.80 138.8 13,818.60 1,507.60
138,680.40 166,141.90 182,321.40 162,048.70 199,273.80
419,086.00 381,223.30 750,940.80 400,793.20 1,001,477.30
569,786.40 695,668.10 540,508.20 1,002,276.30 796,520.00
-12,020.00 -148,302.90 392,754.00 -439,434.40 404,231.10
-52,807.30 -191,833.70 341,922.80 -469,493.60 375,669.30

-156,309.40 -54,355.10 -126,303.90 -102,442.40 -187,365.20

156,409.40 54,682.00 126,452.20 105,117.60 189,207.80
100 326.9 148.3 2,675.20 1,842.60

288,460.00 218,831.00 -46,288.70 504,007.80 49,313.40

11,024.80 13,083.50 105,028.10 14,052.80 17,000.00
299,484.80 231,914.50 58,739.40 518,060.60 66,313.40

79,343.30 -27,357.80 169,330.20 -67,928.20 237,617.50

282,386.90 360,990.30 333,254.40 502,561.80 434,548.90
360,990.30 333,254.40 502,561.80 434,548.90 672,046.40