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The companies balance sheet of Axis Bank is weak, but was strong historically.
Yes, profit is increasing.
The profit of Axis Bank is ₹28,236 Crs for TTM, ₹26,386 Crs for Mar 2024 and ₹10,818 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Axis Bank latest dividend payout ratio is 1.17% and 3yr average dividend payout ratio is 2.06%
Company has been allocating majority of new resources to productive uses like advances.