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Axis Bank Results: Latest Quarterly Results & Analysis

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Axis Bank Ltd. 15 Oct 2025 16:06 PM

Q2FY26 Quarterly Result Announced for Axis Bank Ltd.

Axis Bank announced Q2FY26 results

  • Steady operating performance aided by stable NII and robust fee income.
    • The Bank’s Net Interest Income (NII) stood at Rs 13,745 crore up 1% QoQ and 2% YoY basis. Net Interest Margin (NIM) for Q2FY26 stood at 3.73%.
    • The Bank’s operating profit for the quarter stood at Rs 10,413 crore down 3% YoY. Core operating profit stood at Rs 9,915 crore. Operating cost grew 5% YoY in Q2FY26. Net profit down 26% YoY to Rs 5,090 crore in Q2FY26.
    • Fee income grew 5% QoQ and 10% YoY, granular fee constituted 91% of overall fees, Retail fee grew 10% YoY.
  • Gained market share on MEB deposits, Focus on average deposits continues.
    • QoQ MEB | QAB basis total deposits up 4% | 3%, term deposits up 4% | 4%, SA up 4% | 3%, CA up (1%) | 2%.
    • MEB | QAB CASA ratio at 40% | 38%, Avg. LCR Outflow rates at 27.2%.
    • Q2FY26 cost of funds decreased by 30 bps YoY and 24 bps QoQ.
  • Gained market share on advances, granular book continues to grow steadily:
    • Advances grew 12% YoY and 5% QoQ; Bank’s focus segments grew by 12% YoY and 5% QoQ.
    • SBB SME MC at Rs 2,658 bn | 24% of total loans, grew 20% YoY, up ~738 bps in last 4 years.
    • Retail loans grew 6% YoY of which SBB book grew 14% YoY and 5% QoQ, and Rural loans grew 2% YoY.
  • Well capitalized with adequate liquidity buffers
    • Overall capital adequacy ratio (CAR) stood at 16.55%, CET 1 ratio of 14.43% up 31 bps YoY.
    • Additional cushion of ~44 bps over the reported CAR, attributable to other provisions of Rs 5,012 crore and additional one-time standard asset provision5 of Rs 1,231 crore.
    • Excess SLR of Rs 101,012 crore.
    • Average LCR during Q2FY26 was ~ 119%.
  • Stable asset quality
    • GNPA at 1.46% down 11 bps QoQ and up 2 bps YoY, NNPA at 0.44% down 1 bps QoQ.
    • PCR healthy at 70%; On an aggregated basis9 , Coverage ratio at 147%.
    • Gross slippage ratio at 2.11%, down by 102 bps QoQ, Net slippage ratio at 1.05%, down 128 bps QoQ.
    • Retail asset quality stabilising, retail business net slippages and net credit costs lower than Q2FY25.
    • Net credit cost at 0.73%, down 65 bps QoQ.

Amitabh Chaudhry, MD&CEO, Axis Bank said: "This quarter, we continued to push ourselves as an institution to deliver meaningful progress. From enhancing digital safety to expanding access to credit and empowering entrepreneurs, our innovations are designed to serve real needs with precision and scale. We believe true transformation is not just about technology, it’s about relevance, strength, and responsibility. As we move forward, our focus remains on building a bank that is agile, inclusive, and an all-weather franchise. One that leads with purpose in a rapidly evolving world."

Result PDF

Axis Bank announced Q1FY26 results

  • Operating performance aided by higher non-interest income and effective cost control:
    • Net Interest Income up 1% YoY and down 2% QoQ, Net Interest Margin (NIM) at 3.80%.
    • Non-interest income up 25% YoY, Fee income up 10%, Retail fee up 9%, granular fees at 91% of total fees.
    • Cost to assets at 2.41% declined 13 bps YoY and 5 bps QoQ.
  • Focus on average deposits continue, MEB deposit growth remains steady:
    • YoY MEB | QAB , total deposits up 9% | 8%; term deposits up 12% | 12%, CA up 9% | 4%, SA up 3% | 1%.
    • MEB | QAB CASA ratio at 40% | 38%, respectively.
    • Average LCR during Q1FY26 was ~119%, outflow rates improved ~150 bps over the last one year.
    • Cost of funds declined 5 bps YoY and 11 bps QoQ.
  • SBB SME MC growth remains healthy:
    • SBB SME MC mix at Rs 2,472 billion | 23% of total loans, up ~820 bps in last 4 years.
    • Advances grew 8% YoY and 2% QoQ; Bank’s focus segments grew by 11% YoY and 1% QoQ.
    • SME loans up 16% | 2%, Corporate loans up 9% | 6%, Mid-Corporate (MC) up 24% | 15%, on YoY | QoQ basis.
    • SBB book grew 15% YoY and 1% QoQ, Retail loans grew 6% YoY of which Rural loans grew 5% YoY.
  • Well capitalized with self-sustaining capital structure; adequate liquidity buffers:
    • Overall capital adequacy ratio (CAR) stood at 16.85%, CET 1 ratio of 14.68%, up 62 bps YoY.
    • Additional cushion of ~36 bps over the reported CAR, attributable to other provisions of Rs 5,012 crore.
    • Excess SLR of Rs 96,608 crore.
  • Continue to maintain our strong position in Payments and Digital Banking:
    • open by Axis Bank remains among the world’s top rated MB app on Google Play store and iOS app store with a rating of 4.7 and 4.8 respectively; ~15 million MAU.
    • ~0.79 million credit cards acquired in Q1FY26, CIF market share of ~14%.
  • Asset quality trend attributable to Technical Impact (see slide 44 of Q1FY26 investor presentation):
    • GNPA% at 1.57% up 3 bps YoY and 29 bps QoQ, NNPA% at 0.45% up 11 bps YoY and 12 bps QoQ.
    • PCR healthy at 71%; On an aggregated basis, Coverage ratio at 138%.
    • Gross slippage ratio at 3.13%, Net slippage ratio at 2.33%, Net credit cost6 at 1.38%.
    • Provisions to average assets ratio at 1% up 65 bps QoQ.
  • Key domestic subsidiaries delivered steady performance:
    • Q1FY26 total profit at Rs 451 crore up 4% YoY, with a return on investment in domestic subsidiaries of 47%.
    • Axis Finance Q1FY26 PAT grew 23% YoY to Rs 189 crore; asset quality metrics stable, ROE at 13.98%.
    • Axis AMC Q1FY26 PAT grew 12%YoY to Rs 130 crore.
    • Axis Securities customer base grew 15% YoY and Q1FY26 PAT stood at Rs 89 crore.
    • Axis Capital Q1FY26 PAT stood at Rs 38 crore and executed 6 ECM deals in Q1FY26.

Result PDF

Axis Bank announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • The Bank’s operating profit for the quarter grew 2% YoY to Rs 10,752 crore. Core operating profit grew 5% QoQ and 11% YoY to Rs 10,575 crore. Operating cost grew 6% YoY in Q4FY25. Net profit grew 13% QoQ and remained flat YoY at Rs 7,117 crore in Q4FY25.
  • The Bank’s Net Interest Income (NII) grew 6% YoY to Rs 13,811 crore. Net Interest Margin (NIM) for Q4FY25 stood at 3.97%.
  • Q4FY25 Net Interest Margin at 3.97% improving 4 bps QoQ, FY25 NIM at 3.98%.
  • Q4FY25 Fee income grew 12% YoY and 16% QoQ, Retail fee grew 22% QoQ, granular fees1 at 94% of total fees.

FY25 Financial Highlights:

  • Standalone Bank ROA was 1.74% and ROE was 16.52%.
  • Net Interest Income for FY25 grew 9% YoY to Rs 54,348 crore from Rs 49,894 crore in FY24.
  • Fee income grew 11% YoY to Rs 22,504 crore. Operating profit for FY25 grew by 13% to Rs 42,105 crore from Rs 37,123 crore in FY24.
  • Core operating profit for FY25 grew 13% to Rs 39,916 crore from Rs 35,393 crore in FY24.
  • Total provisions for FY25 stood at Rs 7,758 crore. Net Profit for FY25 grew 6% to Rs 26,373 crore from Rs 24,861 crore in FY24.

Result PDF

Axis Bank announced 9MFY25 & Q3FY25 results

  • Q3FY25 Net Interest Income grew 9% YoY, Net Interest Margin at 3.93%.
  • Q3FY25 Fee income grew 6% YoY, Retail fee grew 5% YoY, granular fees at 94% of total fees.
  • Q3FY25 Consolidated ROA at 1.71%, Consolidated ROE at 15.8%.
  • On QAB basis, total deposits grew 13% | 3%, term deposits grew 19% | 5% on YoY | QoQ basis, respectively.
  • Net advances grew 9% YoY and 1% QoQ.
  • Retail loans grew 11% | 1%, SME grew 15% | 3% on YoY | QoQ basis, Corporate loans (gross of IBPC) grew 4% YoY.
  • Overall CAR stood at 17.01% with CET 1 ratio of 14.61%, net accretion to CET-1 of 87 bps in 9MFY25, 49 bps in Q3FY25.
  • Among the largest player in Merchant Acquiring with market share of 20%, incremental share of 27% in last one year.
  • Bank maintains its no.1 position in UPI Payer PSP space with a market share of ~30%.
  • 9MFY25 Operating profit at Rs 31,353 crore, up 18% YoY, PAT at Rs 19,256 crore up 9% YoY.

Amitabh Chaudhry, MD & CEO, Axis Bank, said: ‘We closed 2024 on a high, firming up our businesses, our capabilities, our presence across the length and breadth of the country with hundreds of new bank branches. Digital and Rural have been our big drivers, along with Sustainability and Inclusivity. This quarter we also rehashed our brand credo – celebrating our customer first approach through our new campaign Har Raah Dil Se Open. It’s a reminder for us to stand committed to the evolving needs and aspirations of our customers. The Axis team is upbeat and eager to unlock the opportunities of 2025, supporting the ambitions of a resurgent India, as it looks forward to becoming the third largest global economy in the next few years.’

Result PDF

Axis Bank announced Q2FY25 results

  • Net Interest Income grew 9% YoY, Net Interest Margin at 3.99%.
  • Fee income grew 11% YoY and 6% QoQ, Retail fee grew 11% YoY and 5% QoQ, granular fees at 92% of total fees.
  • On a MEB , total deposits grew 14% | 2%, term deposits grew 21% | 4% on YoY | QoQ basis, CASA grew 4% YoY.
  • Net advances grew 11% YoY and 2% QoQ, Advances (gross of IBPC) up 12% YoY and 2% QoQ.
  • Retail loans grew 15% YoY, SME grew 16% YoY, Corporate loans (gross of IBPC) grew 6% YoY.
  • Overall CAR stood at 16.61% with CET 1 ratio of 14.12%, net accretion to CET-1 of 38 bps in H1FY25, 6 bps in Q2FY25.
  • GNPA% at 1.44% declined by 29 bps YoY and 10 bps QoQ, NNPA% at 0.34% declined by 2 bps YoY.
  • Largest player in Merchant Acquiring with market share of 20%, incremental share of 36% in last one year.
  • Bank achieves no. 1 position in UPI Payer PSP space with a market share of ~31%.
  • H1FY25 Operating profit at Rs 20,819 crore, up 19% YoY, PAT at Rs 12,952 crores up 11% YoY.
  • H1FY25 Consolidated ROA at 1.80%, Consolidated ROE at 17.43%

Amitabh Chaudhry, MD&CEO, Axis Bank said: ‘This quarter we balanced digital prowess and advancement with physical expansion and proximity to our customers. We have opened 150 new branches in the last three months, both urban and rural. The Bank strengthened its regional presence by laying the foundation for a new Corporate Office in Kolkata, which will be the hub for all activities in the Eastern region. We also expanded our private banking business ‘Burgundy Private’ network to 15 new cities increasing its presence to 42 locations across India, offering bespoke wealth management services in India's rapidly evolving Tier 2 markets."

Result PDF

Axis Bank announced Q1FY25 results:

  • Net Interest Income grew 12% YoY and 3% QoQ
  • Fee income grew 16% YoY, Retail fee grew 18% YoY, granular fees at 93% of total fees
  • Operating cost growth moderated to 11% YoY and declined sequentially, PAT at Rs 6,035 crore up 4% YoY
  • On a QAB, total deposits grew 14% | 3%, term deposits grew 21% | 4%, CASA grew 4%| 3% on YoY | QoQ basis, respectively
  • Total advances grew 14% YoY, Retail loans grew 18% YoY, SME grew 20% YoY, Corporate loans grew 6% YoY
  • Overall CAR stood at 16.65% with CET 1 ratio of 14.06%, net accretion to CET-1 of 32 bps in Q1FY25
  • GNPA% at 1.54% declined by 42 bps YoY, NNPA% at 0.34% declined by 7 bps YoY
  • ~1 million credit cards issued in Q1, CIF market share of ~14%, card spends up ~12% YoY
  • Largest player in Merchant Acquiring with market share of 21%, incremental share of 45% in last one year4
  • Citi integration completed successfully in July 2024

Amitabh Chaudhry, MD&CEO, Axis Bank said, ‘The last quarter was crucial in terms of getting all the teams to work together for the last leg of Citi integration. I am delighted that the integration is done and it was largely seamless given the size and scale of the transition. I am thankful to the teams who worked tirelessly in making this possible, and to our 2 million new customers for keeping their trust and faith in us.

Result PDF

Axis Bank announced FY24 & Q4FY24 results:

Financial Highlights:

  • Q4FY24 Net Interest Income grew 11% YoY and 4% QoQ, Q4FY24 NIM at 4.06% up 5 bps QoQ.
  • Q4FY24 fee income grew 23% YoY | 9% QoQ, Retail fee grew 33% YoY | 12% QoQ, granular fees at 93% of total fees.
  • Q4FY24 Operating profit grew 15% YoY & QoQ, PAT at Rs 7,130 crores up 17% QoQ.
  • Q4FY24 Consolidated ROA | ROE on annualized basis at 2.07% | 20.87%, up 23 bps | 226 bps QoQ.
  • Bank’s total business grew 13% | 5% of which advances grew 14% | 4% and MEB deposits grew 13% | 6% on YoY | QoQ basis.
  • MEB retail term deposits grew 17% YoY & 5% QoQ, CASA grew 8% QoQ with CASA ratio at 43%.
  • Retail loans up 20% | 7%, SME up 17% | 5% on YoY | QoQ basis, Corporate loans (gross of IBPC sold) up 7% YoY.
  • Overall CAR stood at 16.63% with CET 1 ratio of 13.74%, organic net accretion to CET-1 of 44 bps in FY24,
  • GNPA% at 1.43% declined by 59 bps YoY and 15 bps QoQ, NNPA% at 0.31% declined by 8 bps YoY and 5 bps QoQ,
  • 1.24 million credit cards issued in Q4, CIF market share of 14%, card spends up 50% YoY.
  • Largest player in Merchant Acquiring with market share of 19.8%, incremental share of 28% in last one year.

Amitabh Chaudhry, MD&CEO, Axis Bank said, “In FY24, Axis Bank charted a course of steady progress. While we relentlessly focused on our key priority areas - Bharat Banking, Digital and Sparsh (our customer obsession program), I believe we were also nimble in picking up some enticing new opportunities that came our way. Our Citi integration is on track, and we are inching towards the final milestone LD2 in the next six months. In keeping with our credo "Dil Se Open" and with DE&I as one of our core pillars, we have made progress in cultivating a diverse and inclusive workforce in a nurturing ecosystem.”

Result PDF

Axis Bank announced Q3FY24 results:

Financial Performance Highlights:

  • Net Interest Income (NII): Increased by 9% YoY to Rs 12,532 crores.
  • Fee Income: Grew by 29% YoY to Rs 5,169 crores.
  • Operating Expenses: Rose by 32% YoY to Rs 8,946 crores.
  • Operating Profit: Slightly reduced by 1% to Rs 9,141 crores.
  • Profit After Tax (PAT): Grew by 4% QoQ and 16% YoY to Rs 6,071 crores.

Balance Sheet Summary:

  • Total Assets: Growth of 14% YoY to Rs 13,98,541 crores.
  • Advances: Increased by 22% YoY to Rs 9,32,286 crores.
  • Deposits: Rose by 18% YoY to Rs 10,04,900 crores.
  • Shareholders' Funds: Up by 9% to Rs 1,42,984 crores.
  • Capital Adequacy Ratio (CAR): Reported at 16.63%.

Business Segment Performance:

  • Retail Loans: 27% YoY growth.
  • SME Loans: Grew by 26% YoY.
  • Corporate Loans: Increased by 15% YoY.

Asset Quality:

  • Gross NPA Ratio: Decreased by 80 bps YoY to 1.58%.
  • Net NPA Ratio: Declined by 11 bps YoY to 0.36%.
  • Provision Coverage Ratio (PCR): Remains healthy at 78%.

 

Result PDF

Axis Bank announced Q2FY24 & H1FY24 results:

  • H1FY24 PAT at Rs 11,661 crore growing 23% YoY, H1FY24 consolidated ROE at 19.04% up 179 bps YoY, driven by NIMs at 4.11%, 30% YoY H1FY24 fee growth, 23% YoY loan growth, aided by 15% YoY retail term deposits growth.
  • Q2FY24 PAT at Rs 5,864 crore with a consolidated ROE of 18.67%.
  • Q2FY24 Consolidated ROA at 1.83%, with 7 bps contributed by subsidiaries.
  • Net Interest Income grew 19% YoY and 3% QoQ, Net Interest Margin at 4.11%, up 15 bps YoY and 1 bps QoQ.
  • Fee income grew 31% YoY and 11% QoQ, Retail fee grew 38% YoY and 11% QoQ, granular fees at 93% of total fees.
  • Core Operating profit grew 12% YoY and 5% QoQ.
  • On an MEB, retail term deposits grew 15% YoY & 4% QoQ, the CASA ratio at 44%, and total deposits grew 18% YoY & 1% QoQ.
  • Domestic advances are up 26% and 5%, Retail up 23% and 4%, SME up 27% and 9%, and Corporate up 21% and 3% on YoY and QoQ basis.
  • Overall CAR stood at 17.84% with a CET 1 ratio of 14.56%, net accretion to CET-1 of 54 bps in H1FY24, 18 bps in Q2 FY24.
  • GNPA% at 1.73% declined by 77 bps YoY and 23 bps QoQ, NNPA% at 0.36% declined by 15 bps YoY and 5 bps QoQ.
  • 1.2 million credit cards issued in Q2FY24, CIF market share of 14.1% as of Sep’23, spends up 60% YoY & 5% QoQ.
  • 2nd largest player in Merchant Acquiring with a market share of 18.6%, incremental share of 23% in the last year.

Amitabh Chaudhry, MD & CEO, Axis Bank, said, “Despite a highly volatile global geopolitical landscape, we believe the India story remains strong. With the upcoming festivities, we are already seeing a surge in demand, which augurs well for business. At Axis Bank, our GPS agenda is on track and we are looking at steady growth for all major business verticals of the Bank. We have been diligently working on both physical reach and digital prowess, extending our services not just to the metros and urban centers, but to the heart of Bharat which is home to the vast majority of India’s population.”

 

Result PDF

Axis Bank announced Q1FY24 results:

  • Strong operating performance
    • Net interest income grew 27% YoY and 2% QoQ, non-interest income grew 74% YoY and 6% QoQ
    • Operating revenues grew 38% YoY and 3% QoQ, operating profit grew 50% YoY
    • Consolidated ROE & ROA at 19.44% & 1.83%, up 388 bps and 35 YoY respectively
    • Subsidiaries contributed 27 bps & 3 bps to consolidated ROE & ROA respectively
  • Robust loan growth delivered across all business segments
    • Rural loans grew 22% YoY & 1% QoQ, small business banking loans grew 46% YoY & 8% QoQ
    • Mid-corporate (MC) book grew 38% YoY
    • SBB SME MC mix at Rs 1,72,589 crore & 20% of loans, up over 600 bps in last 3 years
  • Steady growth in granular deposits, early visibility of improving quality
    • On a QAB basis total deposits grew 15% & 6% and term deposits grew 12% & 5% on YoY & QoQ basis.
    • On MEB, deposits grew 17% YoY; SA grew 22% YoY, CA grew 23% YoY with CASA ratio at 46% up 182 bps YoY
    • Average LCR during Q1FY24 was ~123%, outflow rates improved ~460 bps over last 2 years
  • Well capitalized with self-sustaining capital structure; adequate liquidity buffers
    • Overall capital adequacy ratio (CAR) including profit stood at 17.74% with a CET 1 ratio of 14.38%
    • Self-sustaining capital structure with net accretion to CET-1 of 36 bps in Q1FY24
    • COVID provisions of Rs 5,012 crore, not in CAR calculation provide an additional cushion of ~50 bps
  • Retaining a strong position in Payments and Digital Banking
    • Axis Mobile & Axis Pay have ~8.4 million non-Axis Bank customers
    • 100 digital partnerships across platforms and ecosystems; ~13 million customers on WhatsApp banking
    • Axis Mobile remains the world’s highest-rated MB app on the Google Play store with a rating of 4.8; ~12 million MAU
    • Credit card CIF market share at 14%, Retail Card spending grew 100% YoY and 33% QoQ
  • Declining gross NPAs and slippages
    • Gross NPA at 1.96% declined by 80 bps YoY & 6 bps QoQ, Net NPA at 0.41% declined 23 bps YoY
    • PCR healthy at 80%; On an aggregated basis, Coverage ratio at 145%
    • Q1FY24 gross slippage ratio (annualized) at 1.87%, declined 18 bps YoY, net slippage ratio at 0.80%
    • Q1FY24 net credit cost (annualized) at 0.50%
  • Bank’s subsidiaries continue to deliver steady performance
    • Q1FY24 profit at Rs 303 crore up 16% YoY, with a return on investment in domestic subsidiaries of 45%
    • Axis Finance PAT grew 29% YoY to Rs 123 crore; asset quality remains stable, CAR healthy at 18.6%
    • Axis AMC Q1FY24 PAT stood at Rs 91 crore, Axis Securities Q1FY24 PAT grew 14% YoY to Rs 45 crore
    • Axis Capital executed 14 investment banking deals in Q1FY24

Amitabh Chaudhry, MD & CEO, Axis Bank, said, “We are striving to create a distinctive new age bank that provides seamless banking solutions to customers, giving wings to their financial dreams and aspirations. We have been constantly raising the bar - strengthening our digital capabilities and building on our robust pipeline of products and services while keeping customer centricity at the core of every initiative. With India’s strong macro environment supporting growth and providing abundant opportunities, we are geared up and confident of delivering sustainable growth across all our priority businesses.”

 

 

Result PDF

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