Banking Sector — Q4 FY25 Earnings Overview
4 companies reported. 2 bullish, 2 neutral, 0 bearish.
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Kfin Technologies | ₹283 Cr | +24% | 43.2% | bullish high |
| Axis Bank | — | — | — | neutral medium |
| Icicibank | — | — | — | bullish high |
| Bajaj Finance | — | — | — | neutral high |
Key sector risks this quarter
Credit cost guidance of 185-195 bps remains above pre-COVID levels, with urban personal loan portfolio still maturing.
Axis Bank · mediumManagement noted that personal loan delinquencies may take a few more quarters to stabilize, despite early positive signals from underwriting changes.
Axis Bank · mediumWith repo-linked loans repricing faster than deposits, NIMs could face pressure in a rate cut cycle, though management expects to offset via mix and savings rate cuts.
Axis Bank · mediumThe bank incurred INR 591 crore in PSLC purchase costs in Q4 to meet PSL shortfalls, and similar costs may recur in FY26 due to MFI and Gold Loan classification issues.
Axis Bank · mediumDespite QoQ improvement, deposit growth remains below the industry average, and management did not provide a timeline for closing the gap.