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Axis Bank Q2 Net Profit Jumps 38 Percent With Strong Asset Quality Improvement
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CNBC Awaaz•17-10-2026, 13:28
Axis Bank Q2 Net Profit Jumps 38 Percent With Strong Asset Quality Improvement
- •Axis Bank reported a 37.6 percent year-on-year increase in net profit reaching Rs 7003.3 crore for the September quarter.
- •Net interest income grew by 11.8 percent to stand at Rs 15372 crore, beating market estimates.
- •The asset quality improved significantly as Gross NPA declined to 1.16 percent compared to 1.28 percent in the previous quarter.
- •Total provisions made by the bank dropped to Rs 1694 crore showing a decline on both sequential and annual bases.
Key Questions Answered
Axis Bank reported a 37.6% year-on-year increase in net profit to reach Rs 7,003.3 crore for the September quarter. Meanwhile, the bank's net interest income (NII) grew by 11.8% year-on-year to stand at Rs 15,372 crore.
Axis Bank saw an improvement in its asset quality during the September quarter, with the Gross Non-Performing Assets (Gross NPA) ratio declining to 1.16% from 1.28% in the June quarter. Similarly, the Net NPA ratio decreased to 0.35% from 0.39% in the preceding quarter.
Axis Bank made provisions of Rs 1,694 crore in the September quarter, which marked a decline compared to the Rs 2,223 crore recorded in the June quarter and Rs 3,547 crore in the corresponding quarter of the previous year.
