Mumbai, April 24 -- Muted business growth as the bank "calibrated" its loan portfolio, and lower treasury gains weighed on Axis Bank's profitability in Q4 FY25, even as asset quality pressure remained owing to high retail slippages and write-offs. The bank posted a marginal decline of 0.2% on year in its net profit to Rs.7,117 crore. Sequentially, the private sector bank's profit after tax was 13% higher.

In the post-earnings call, chief financial officer Puneet Sharma said that the on-year differential in profits was due to the "very large trading gains" in the corresponding quarter of the previous year.

"If you look at the core operating profit, there's been an improvement, both year-on-year and quarter-on-quarter. Trading gains are e...