Axis Bank Q2 FY27 Results: Profit Surges 38%

Axis Bank, India’s third-largest private sector lender, reported a robust performance for the quarter ended September 30, 2026, with standalone net profit rising 38% year-on-year to ₹7,003 crore. This compared with ₹5,090 crore in the same period last year. The results, announced on October 17, 2026, slightly missed analyst estimates of around ₹7,124–7,157 crore, as higher operating expenses and softer other income offset core strength. Net interest income (NII) grew 12% to ₹15,371 crore, supported by a 23% year-on-year expansion in advances and healthy deposit growth of about 21%. Net interest margin stood at 3.36% (3.47% excluding the impact of FCNR-B deposits). Operating profit rose 6% to ₹11,083 crore, while core operating profit increased 11% to ₹10,998 crore. Other income declined 1.4% to ₹6,531 crore amid weaker treasury gains.