Axis Bank Reports 38% Surge In Q2 FY27 Profit, Quarterly Earnings Reach ₹7,003 Crore
· Free Press Journal
Mumbai: Axis Bank Ltd announced on Saturday a 38% year-on-year increase in its net profit to ₹7,003 crore for the quarter ended 30 September 2026. This growth was attributed to a 12% rise in net interest income (NII) and improved asset quality.
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Financial Performance
Net interest income for the quarter stood at ₹15,371 crore, up 12% year-on-year and 5% quarter-on-quarter. Core operating profit was ₹10,998 crore, an increase of 11% year-on-year.
Axis Bank Advances Jump 23%, Deposits Rise 21% In September QuarterDeposit and Advances Growth
Total deposits grew 21% year-on-year and 6% quarter-on-quarter to ₹14,52,066 crore. Advances increased 23% year-on-year and 9% quarter-on-quarter, reaching ₹13,73,727 crore. Retail loans contributed 54% of net advances and grew 16% year-on-year.
Asset Quality Improves
Gross non-performing assets (GNPA) stood at 1.16%, a decrease of 30 basis points year-on-year. Net non-performing assets (NNPA) were 0.35%, down 9 basis points year-on-year. The provision coverage ratio remained healthy at 70%.
Capital and Liquidity
The bank's capital adequacy ratio (CAR) stood at 16.27%, with a CET-1 ratio of 14.61%. Axis Bank reported an excess SLR of ₹1,04,306 crore, with an average liquidity coverage ratio of approximately 119% during Q2 FY27.
Axis Bank To Increase Campus Hiring To 12,500 In FY27 As AI Reshapes Workforce StrategyDigital and Payments
Axis Bank issued approximately 1.09 lakh new cards in Q2 FY27, achieving a market share of about 13.1% of cards in force. The bank maintains a market share of approximately 38% in UPI Payer PSP volume and is among the largest players in merchant acquiring with a 25.7% terminal market share.
Leadership Statement
Amitabh Chaudhry, MD & CEO of Axis Bank, noted the bank's continued focus on innovation, trust, and execution. He highlighted leadership in digital payments, secure banking, and advancements in AI-driven technology and strategic partnerships.
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