Archive · 19 Jul 2026
Axis Bank Q1 Profit Rises 22.5%
Axis Bank, one of India's largest private banks, recently announced its results for the first quarter of the fiscal year 2027.
The bank's profit increased by 22.5% compared to the same period last year, reaching Rs 7,113.92 crore.
This growth was mainly due to a significant reduction in the amount set aside for bad loans.
The bank's net interest income, which is the difference between what it earns from loans and what it pays on deposits, grew by 8%.
However, the cost of borrowing increased faster than the income from loans, which limited the overall growth.
The bank's asset quality remained stable, with a low percentage of bad loans.
Despite some challenges, the bank's performance was strong, and its shares rose ahead of the results announcement.
Investors will be watching to see how the bank performs in the coming quarters.
Axis Bank reported a 22.5% year-on-year increase in net profit to Rs 7,113.92 crore for Q1FY27.
Net interest income grew by 8% year-on-year to Rs 14,646.10 crore, supported by a 9.4% rise in interest earned.
Provisions and contingencies declined by 43.7% year-on-year to Rs 2,222.54 crore, significantly boosting the bottom line.
Operating profit increased by 1.3% year-on-year to Rs 11,659.10 crore, with other income falling by 7.2% year-on-year.
Asset quality remained stable, with gross NPA at 1.28% and net NPA at 0.39% as of June 30, 2026.
- Who
- Axis Bank
- What
- Reported a 22.5% rise in net profit for Q1FY27
- When
- Quarter ended June 30, 2026
- Where
- India
- Why
- Due to a sharp decline in provisions and contingencies, despite pressure on 'other income' and a rise in interest expenses
Optimistic View
Cautious View
Net Interest Margins
Optimistic View
Margins may improve gradually as expensive borrowings decline.
Cautious View
Margins face pressure due to funding costs and lower-yield loan segments.
Loan Growth vs. Deposit Growth
Optimistic View
Credit demand continues to outpace deposit mobilisation, supporting healthy loan growth.
Cautious View
Deposit growth may not keep up with loan growth, potentially straining liquidity.
- Net Profit
- Rs 7,113.92 crore (22.5% YoY increase)
- Net Interest Income (NII)
- Rs 14,646.10 crore (8% YoY increase)
- Interest Earned
- Rs 33,985.63 crore (9.4% YoY increase)
- Interest Expended
- Rs 19,339.53 crore (10.5% YoY increase)
- Provisions and Contingencies
- Rs 2,222.54 crore (43.7% YoY decrease)
- Operating Profit
- Rs 11,659.10 crore (1.3% YoY increase)
- Other Income
- Rs 6,735.42 crore (7.2% YoY decrease)
- Gross NPA
- 1.28%
- Net NPA
- 0.39%
- Return on Assets (RoA)
- 1.51%
Sources
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