Stories
Axis Bank Q2 Results: Core Income Beats Estimates Despite Net Profit Falling Short
- •Axis Bank reported its September quarter results showing net interest income at ₹15,372 crore, beating analyst estimates and growing 11.8% year-on-year.
- •Net profit for the quarter stood at ₹7,003.3 crore, which was below the poll estimate of ₹7,132 crore but marked a 37.6% growth year-on-year.
- •Asset quality improved sequentially, with gross NPA declining to 1.16% and net NPA dropping to 0.35% from the June quarter.
- •Provisions for the September quarter decreased to ₹1,694 crore compared to ₹2,223 crore in the previous quarter.
- •The bank acquired around 1.09 million new cards in Q2FY27, maintaining a market share of approximately 13.1% of cards in force.
Key Questions Answered
Axis Bank reported a net profit of ₹7,003.3 crore for the September quarter of FY27, which fell short of the CNBC-TV18 poll estimate of ₹7,132 crore while growing 37.6% year-on-year. Meanwhile, its core income or Net Interest Income (NII) reached ₹15,372 crore, beating the estimated ₹14,970 crore with an 11.8% year-on-year growth.
Axis Bank's asset quality remained stable and improved sequentially in the second quarter of FY27, with the gross NPA standing at 1.16% and Net NPA at 0.35%. Gross slippages declined to ₹4,762 crore from ₹5,566 crore in the previous quarter, while the gross slippage ratio dropped 31 basis points quarter-on-quarter to 1.48%.
Provisions for the September quarter stood at ₹1,694 crore, which was lower than the ₹2,223 crore reported in the June quarter and ₹3,547 crore in the year-ago period. As of September 30, 2026, the bank held cumulative provisions of ₹15,860 crore, excluding standard NPA provisioning.
