Axis Bank Q2 Results: Net profit jumps 38% YoY- Check asset quality, stock trend, and other key highlights
Axis Bank Q2 Results 2026: Axis Bank on Saturday, October 17, reported a 38% year-on-year (YoY) jump in net profit to ₹7,003 crore for the second quarter of FY27, compared with ₹5,089 crore in the corresponding quarter last year. The private sector lender's earnings were supported by growth in net interest income and an improvement in asset quality.
Net interest income (NII), the difference between interest earned and interest expended, increased 12% YoY to ₹15,371 crore. Net interest margin (NIM) stood at 3.36% during the quarter and improved to 3.47% after excluding the impact of foreign currency non-resident (FCNR-B) deposits.
Operating profit grew 6% YoY to ₹11,083 crore, while core operating profit rose 11% to ₹10,998 crore. Other income declined 1% to ₹6,531 crore, even as fee income advanced 6% to ₹6,381 crore.
Commenting on the bank's performance, managing director and CEO Amitabh Chaudhry said Axis Bank continued to focus on digital payments, secure banking, AI-driven innovation and strategic partnerships to strengthen its customer offerings.
Axis Bank reported a year-on-year improvement in its asset quality, with the gross non-performing asset (GNPA) ratio falling 30 basis points (bps) to 1.16% in Q2FY27. The net non-performing asset (NNPA) ratio declined 9 bps to 0.35%.
Gross slippages dropped to ₹4,762 crore during the September quarter, compared with ₹5,566 crore in the preceding quarter and ₹5,696 crore a year earlier. The net slippage ratio also declined 30 bps YoY to 0.75%.
The lender's annualised net credit cost came in at 0.45%, marking a reduction of 28 bps year-on-year and 18 bps sequentially. Meanwhile, its provision coverage ratio remained stable at 70%, unchanged from both the previous quarter and the corresponding period last year.
Axis Bank set aside ₹1,694 crore towards provisions and contingencies in Q2FY27, including ₹1,564 crore in specific loan-loss provisions.
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