AXISBANK

Financial Performance (as of Q1 FY26):

Financial Performance (as of Q1 FY26): Net Profit: The bank reported a standalone net profit of ₹5,806 crore for the quarter ending June 30, 2025. This marked a 4% decline year-on-year, primarily due to an increase in provisions. Provisions: Provisions and contingencies for the quarter were high at ₹3,948 crore, a significant increase year-on-year. This led to the dip in net profit despite strong operating performance. Net Interest Income (NII): NII, the core measure of a bank's profitability, saw a modest increase of 1% year-on-year. The Net Interest Margin (NIM) for the quarter was 3.80%. Non-Interest Income: The bank's non-interest income, which includes fees and trading gains, showed strong growth of 25% year-on-year. Asset Quality: Axis Bank's asset quality saw a slight deterioration on a sequential basis. The Gross Non-Performing Asset (GNPA) ratio was 1.57% and the Net NPA ratio was 0.45%. Key Business Highlights: Credit Card Business: The bank continues to be a top player in the credit card space in India, with a market share of around 14%. It has been focused on leveraging strategic partnerships and its digital capabilities to grow this segment. Digital Focus: Axis Bank has a strong digital presence, with its mobile banking app being highly rated. It is actively expanding its digital-first products and solutions for various customer segments. Subsidiaries: Key subsidiaries like Axis Finance, Axis AMC, and Axis Securities delivered steady performance in Q1 FY26, contributing to the overall business. Analyst View: Analyst ratings for Axis Bank are largely positive, with a majority recommending a "Buy" or "Strong Buy." The average price target suggests a potential upside from current levels.