Archive · 20 Jul 2026
Axis Bank shares dip on Q1FY27 results
Axis Bank's share price dropped by nearly 6% on July 20th.
The bank reported a 22.23% increase in net profit for the June quarter, but investors were worried about lower net interest margins and a slight increase in bad loans.
The bank's CEO believes margins have bottomed out and will improve.
Analysts are optimistic about the bank's future performance, expecting margins to recover and return on equity to improve.
However, technical analysts indicate a deterioration in the stock's medium-term trend.
The stock opened at ₹1,279.85, touching an intraday low of ₹1,249.05 and a high of ₹1,283.25.
Axis Bank's share price dropped nearly 6% on July 20th.
The bank reported a 22.23% year-on-year increase in net profit to ₹7,632.31 crore for Q1FY27.
Net interest margin narrowed to 3.46% from 3.80% a year ago.
Gross non-performing asset ratio edged up to 1.28% from 1.23% in the previous quarter.
Analysts expect NIM to recover in H2FY27, with improving margins and moderating credit costs.
- Who
- Axis Bank
- What
- Share price dropped nearly 6% due to concerns over shrinking net interest margins and softer asset quality.
- When
- 20 July
- Where
- BSE (Bombay Stock Exchange)
- Why
- Concerns over shrinking net interest margins and softer asset quality outweighed the bank's strong June quarter profit growth.
Optimistic Analysts
Bearish Technical Analysts
Future Performance
Optimistic Analysts
Analysts expect NIM to recover in H2FY27, with improving margins and moderating credit costs supporting a return on equity (RoE) of around 15% by FY28.
Bearish Technical Analysts
Technical analysts indicate a deterioration in the stock's medium-term trend, with momentum indicators signaling strengthening bearish momentum.
- Net Profit
- ₹7,632.31 crore (22.23% YoY increase)
- Net Interest Income (NII)
- ₹14,646 crore (8% growth)
- Net Interest Margin (NIM)
- 3.46% (down from 3.80% YoY)
- Gross Non-Performing Asset (GNPA) Ratio
- 1.28% (up from 1.23% previous quarter)
- Loan Growth
- 19% YoY
- Deposit Growth
- 18% YoY
- Target Price (Nuvama)
- ₹1,650
- Target Price (Anand Rathi)
- ₹1,622