Axis Bank Q2 FY2026-27 Results: Net Profit Jumps 38% And Net Interest Income Rises 12% in September Quarter
Add Preferred News Source
Axis Bank Q2 FY27 results showed a 38% YoY rise in net profit to ₹7,003 crore. Net interest income increased 12%, while gross and net non-performing asset ratios declined.
Axis Bank Q2 FY27 results for the quarter ended 30 September 2026 showed net profit of ₹7,003 crore, up 38% year-on-year (YoY) from ₹5,089 crore in the corresponding quarter a year earlier.
The bank’s net interest margin (NIM) stood at 3.36%, while advances grew 23% YoY and 9% quarter-on-quarter (QoQ), according to its regulatory filing.
Before the reported date, on Friday, 16 October 2026, the Axis Bank share price closed at ₹1,290, up 0.16 % on the National Stock Exchange (NSE). The stock opened at the same price.
Axis Bank Q2 Results: Other Financials
Net interest income (NII) rose 12% YoY to ₹15,371 crore. Operating profit increased 6% to ₹11,083 crore, while core operating profit grew 11% to ₹10,998 crore.
Provisions and contingencies stood at ₹1,694 crore during the quarter, including ₹1,564 crore in specific loan-loss provisions.
As of 30 September 2026, the bank held cumulative provisions of ₹15,860 crore for standard and additional provisions, excluding those linked to non-performing assets (NPAs) and included in its provision coverage ratio calculations.
Axis Bank Asset Quality Improves
The bank’s gross non-performing asset (GNPA) ratio fell 30 basis points (bps) YoY to 1.16%. The net non-performing asset (NNPA) ratio declined by 9 bps to 0.35%, while the net slippage ratio dropped 30 bps YoY to 0.75%.
Axis Bank H1 FY27
For the first half of FY27, net profit increased 30% YoY to ₹14,117 crore from ₹10,896 crore. NII rose 10% YoY to ₹30,018 crore, while fee income grew 6% to ₹12,536 crore.
Operating profit advanced 4% to ₹22,742 crore, and core operating profit climbed 11% to ₹22,120 crore, compared with ₹20,010 crore in the first half of FY26.
Axis Bank Uses FCNR (B) Funds To Cut Term Deposits
Axis Bank had mobilised $10.62 billion in Foreign Currency Non-Resident (Bank) (FCNR (B)) deposits by 30 September 2026. The bank used part of these funds to reduce non-retail term deposits during the quarter, contributing to an 8.6% sequential decline in the latter.
The bank also issued standby letters of credit to other lenders against loans backed by FCNR (B) deposits. These stood at $4.69 billion.
Amitabh Chaudhry, Managing Director and Chief Executive Officer (MD & CEO) of Axis Bank, said the bank continued to focus on combining innovation, trust and execution as customer expectations evolve. During the quarter, it strengthened its focus on digital payments and secure banking while advancing its technology agenda through artificial intelligence (AI)-driven innovation and strategic partnerships.
Also Read - Upcoming Stock Market Holidays In October And November 2026: Dussehra, Diwali And Muhurat Trading Dates
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
