Axis Bank Q4 Results, April 27 -- Shares of Axis Bank declined around 5% on Monday, April 27, after the lender reported a slight drop in fourth-quarter profit, impacted by higher provisions and trading losses. Investor sentiment remained weak despite stable core performance, as the bank built a sizeable contingency buffer amid ongoing geopolitical tensions in West Asia.

Net profit for the March quarter came in at Rs.7,071 crore, marginally lower than Rs.7,118 crore reported a year ago. A sharp rise in provisions weighed on earnings, with total provisions jumping 139% year-on-year to Rs.3,522 crore from Rs.1,359 crore.

What triggered the sharp fall in Axis Bank stock?

A significant portion of the provisioning- Rs.2,001 crore-was a one-t...