$AXISBANK Q1 FY27: Profit Jumps 23% to ₹7,114 Crore; NII Up 8%, Bad Loans Decline

Synopsis: $AXISBANK posted a robust 23% rise in June quarter profit to ₹7,114 crore, backed by higher net interest income, steady operating performance, and an improvement in asset quality. $AXISBANK reported a 23% year-on-year increase in standalone net profit to ₹7,114 crore for the April-June quarter of FY27, compared with ₹5,806 crore in the corresponding period last year. The bank's net interest income (NII) grew 8% YoY to ₹14,646 crore from ₹13,560 crore, while the net interest margin (NIM) stood at 3.46%. Fee income rose 7% to ₹6,156 crore, taking total non-interest income to ₹6,735 crore. Operating profit came in at ₹11,659 crore, while core operating profit increased 10% year-on-year to ₹11,122 crore. Asset quality improved during the quarter, with the gross NPA ratio easing to 1.28% from 1.57% a year earlier and the net NPA ratio declining to 0.39% from 0.45%. Gross slippages fell to ₹5,566 crore from ₹8,200 crore, while net credit cost moderated to 0.63%. The provision coverage ratio remained stable at 70%. The lender maintained a strong capital base, with its Basel III capital adequacy ratio at 16.67% and CET-1 ratio at 14.64% as of June 30, 2026. It also reported an additional capital cushion of around 52 basis points from provisions excluded from regulatory capital calculations. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.