Axis Bank Q2 profit rises 37.6% to ₹7,003 crore as provisions fall 52.2%
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- ✓Axis Bank reported a 37.6 per cent rise in standalone net profit to ₹7,003 crore for the quarter ended September 2026.
- ✓Lower provisioning costs helped the lender, as provisions fell 52.2 per cent.
- ✓MD Amitabh Chaudhry said, "Growth was achieved through higher wallet share from existing customers while maintaining disciplined risk thresholds."
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Higher core income, expanding lending across business segments and lower provisioning costs supported the private sector lender's performance during the September quarter
Axis Bank reported a 37.6 per cent year-on-year rise in standalone net profit to ₹7,003 crore for the quarter ended September 2026, driven by strong core income growth, robust loan book expansion, and a sharp decline in provisioning costs. The lender had posted a net profit of ₹5,090 crore in the corresponding quarter last year. Sequentially, profit eased marginally by 1.6 per cent to ₹7,114 crore from ₹7,214 crore in Q1 FY27.
Net interest income rises 12 per cent
The bank's net interest income (NII) grew 12 per cent year-on-year to ₹15,371 crore from ₹13,745 crore in Q2 FY26. Sequentially, NII grew around 5 per cent, supported by strong momentum across retail, SME and wholesale banking businesses. Net interest margin (NIM) stood at 3.36 per cent during the quarter and 3.47 per cent excluding the impact of FCNR(B) deposits, reflecting margin resilience amid a competitive funding environment.
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