"Decoding Axis Bank’s FY 2024–25 Financial & Audit Report"

1. Overview of Audited Financial Results for FY 2024–25

Axis Bank, in its board meeting on April 24, 2025, approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025. These results were formally disclosed through a regulatory announcement. The audit was performed jointly by M/s M M Nissim & Co. LLP and M/s KKC & Associates LLP, who issued an unmodified opinion, indicating no qualifications or reservations in the audit report. The results were uploaded on the bank’s website.  2. Key Financial Highlights

• Net Interest Income (NII) rose by 9% YoY to ₹54,348 crore (up from ₹49,894 crore in FY24).

• Fee income surged 11% to ₹22,504 crore.

• Total operating profit grew by 13% to ₹42,105 crore, with core operating profit up to ₹39,916 crore.

• Net profit (PAT) increased by 6% YoY to ₹26,373 crore, up from ₹24,861 crore in FY24.

Additionally, on a consolidated basis, subsidiaries contributed a combined PAT of ₹1,768 crore (up 11%), including Axis AMC at ₹501 crore, Axis Securities at ₹419 crore, and Axis Capital at ₹161 crore. 3. Balance Sheet Strength & Metrics

As of March 31, 2025, the bank’s total balance sheet size stood at ₹16,09,930 crore, reflecting ~9% YoY growth. The return on assets (ROA) was 1.74%, and return on equity (ROE) averaged 16.52%—both healthy indicators of robust profitability. The provision coverage ratio stood at 157% of gross NPA, and annual slippage cost was controlled at 0.50% of loans.  4. Auditor’s Opinion & Governance Assurance

The audit report by M M Nissim & Co. LLP and KKC & Associates LLP issued an ‘unmodified’ (clean) opinion on both standalone and consolidated statements, confirming that they present a true and fair view in accordance with Indian Accounting Standards. The auditor also assessed and found internal financial controls to be effective. The audit followed standards prescribed under the Companies Act, 2013, and the Institute of Chartered Accountants of India’s ethical requirements.  5. Implications & Summary for Academic Content

The FY 2024–25 results showcase Axis Bank’s resilient performance despite rising macro uncertainties. Double-digit growth in core operating metrics—supported by strong fee income and controlled costs—coupled with high provision coverage, point to disciplined credit risk management. A clean auditor’s report strengthens the credibility of the reporting. For student-level blogs or assignments, this case illustrates how strong governance, prudent provisioning, and diversified operating income help sustain profitability in a regulated and evolving banking environment.