What was filed
Axis Bank released its press release and investor presentation for the quarter ended 30 June 2026, disclosing unaudited standalone and consolidated results under Regulation 30 of the SEBI Listing Regulations. The board approved the results at its meeting in Mumbai on 18 July 2026.
The bank described the quarter as one of "positive operating jaws and stable asset quality", citing market-share gains across both deposits and advances.
What drove the profit
The profit growth was aided substantially by a sharp fall in provisions and contingencies, down 44% from the year-ago quarter. Net interest income rose 8%, while reported operating profit was broadly flat year on year, held back by a steep decline in trading income; core operating profit, which excludes trading income, grew 10%.
Net interest margin stood at 3.46%. Deposits and advances both expanded in the high teens, and the bank flagged faster growth in focus segments — SME loans up 25% year on year, corporate loans up 38%, and mid-corporate up 27%.
The bank noted it continues to hold a one-time West Asia provision created in Q4FY26, which it said remains "prudent and precautionary" and "does not reflect any deterioration in asset quality".
Asset quality and capital
Reported gross NPA improved to 1.28% from 1.57% a year earlier, and net NPA to 0.39% from 0.45%. The provision coverage ratio stood at 70%, and annualised net credit cost fell to 0.63%.
The capital adequacy ratio was 16.67%, with a CET-1 ratio of 14.64%. The bank said other provisions and a one-time standard asset provision together provide a cushion of about 52 basis points over the reported CAR.
The bank's domestic subsidiaries — Axis Finance, Axis AMC, Axis Securities and Axis Capital — each reported higher profits, contributing a combined net profit up 21% year on year.
Franchise and digital position
The bank pointed to continued investment in digital and AI-led transformation and ecosystem partnerships. It reported acquiring roughly 0.9 million credit cards in the quarter and maintaining a market-leading UPI Payer PSP position with a stated ~38% volume market share. Its distribution network stood at 6,295 domestic branches and extension counters, and book value per equity share rose to ₹681 from ₹596 a year earlier.