Axis Bank reported Q1 FY26 results with 1% YoY NII growth to ₹13,560 crore, net profit down 4% at ₹5,806 crore, balance sheet up 9% YoY, CAR at 16.85%, and stock falling 4.5% post-results.
On Friday, July 18, 2025, Axis Bank lost 4%, set for its worst day in six months, after a surprise quarterly profit drop due to increased bad loans from a one-time industry benchmarking exercise, making it the top loser in the Nifty 50 and financial stocks.
Axis Bank Limited reported its consolidated Q1 FY26 results. Below are the key highlights from the quarterly performance.
In Q1FY26, Axis Bank reported a 1% YoY growth in Net Interest Income (NII) to ₹13,560 crore, while the Net Interest Margin (NIM) stood at 3.80%. The bank’s operating profit grew 14% YoY to ₹11,515 crore, with core operating profit rising 5% YoY to ₹10,095 crore, supported by a modest 2% YoY increase in operating costs. Despite this, net profit declined 4% YoY to ₹5,806 crore.
The Bank’s balance sheet grew 9% YOY and stood at 16,03,308 crores as on 30th June 2025. The total deposits grew 9% YOY on a month-end basis, of which current account deposits grew 9%, saving account deposits grew 3% and term deposits grew 12% YOY basis, respectively. The share of CASA deposits in total deposits stood at 40% at the end of Q1FY26.
On a QAB basis, total deposits grew 8% YOY, within which savings account deposits grew 1% YOY, current account deposits grew 4% and term deposits grew 12% YOY basis, respectively.
The book value of the Bank’s investment portfolio as on June 30, 2025, was 3,60,641 crores, of which 3,00,513 crores were in government securities, while 44,352 crores were invested in corporate bonds and 15,775 crores in other securities such as equities, mutual funds, etc.
As of June 30, 2025, Axis Bank reported a Capital Adequacy Ratio (CAR) of 16.85% and a CET1 ratio of 14.68%, indicating a strong capital position. The Bank’s Gross NPA and Net NPA stood at 1.57% and 0.45%, respectively, compared to 1.28% and 0.33% as on 31st March 2025. During the quarter, recoveries and upgrades from NPAs amounted to ₹2,147 crore, while write-offs totaled ₹2,778 crore.
As of June 30, 2025, Axis Bank’s distribution network comprised 5,879 domestic branches and extension counters, along with 235 Business Correspondent Banking Outlets (BCBOs) across 3,192 centres, supporting its strong pan-India presence. The Bank’s retail loan book stood at ₹6.2 trillion, maintaining a well-diversified portfolio, with home loans and rural loans together accounting for over 40% of the total retail loan book.
On Friday, shares of Axis Bank closed at ₹1,107.60, down 4.50% at 10:50 AM, following the announcement of its Q1FY26 results.
On a year-to-date basis, the stock price has seen a slight increase of over 4.6% while in the last 12 months it is down by 14.38%. In the last six months, the stock price has recovered by 11.31%.
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Axis Bank Limited is the third-largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The bank’s international offices focus on Corporate Lending, Coverage Business, Trade Finance, Syndication, Investment Banking, Liability Businesses, and Private Banking/Wealth Management offerings.
Disclaimer: The article is for informational purposes only and not investment advice.
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