Axis Bank Q2FY27 result: Profit rises 38% to ₹7,003 crore, misses estimates

Axis Bank reported a 38% year-on-year increase in net profit to ₹7,003 crore for the quarter ending September 30, 2026. According to the Free Press Journal, this growth was supported by a 12% rise in net interest income and improved asset quality. Net interest income reached ₹15,371 crore, which Business Standard IN notes was an 11.8 per cent increase, while Free Press Journal reports it also grew 5% quarter-on-quarter.

The bank's advances grew 23% year-on-year, reaching ₹13,73,727 crore, while total deposits increased 21% year-on-year to ₹14,52,066 crore. Business Standard IN reported that provisions fell by 52.2 per cent, and other income declined 1.4 per cent to ₹6,531 crore. The Free Press Journal stated that retail loans accounted for 54% of net advances and saw 16% year-on-year growth.

Asset quality showed improvement, with the Free Press Journal reporting that gross non-performing assets fell by 30 basis points year-on-year to 1.16%, and net non-performing assets decreased by 9 basis points year-on-year to 0.35%. The bank's capital adequacy ratio was 16.27%, with a CET-1 ratio of 14.61%.

Brief written by urgent.news from Business Standard IN, Free Press Journal — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.