Axis Bank Q1 net profit jumps 22% to Rs 7,632 cr

Axis Bank on Saturday reported a 22.23 per cent jump in consolidated net profit for the June quarter at Rs 7,632.31 crore.

The bank had reported a consolidated net profit of Rs 6,243.72 crore in the year-ago period. On a standalone basis, the third-largest private sector lender’s net profit jumped 23 per cent to Rs 7,114 crore.

Its core net interest income grew 8 per cent to Rs 14,646 crore, on the back of a 19 per cent jump in advances and a decline in net interest margin to 3.46 per cent from 3.80 per cent in the year-ago period.  The bank’s net interest margin in the January-March quarter stood at 3.73 per cent.

A 38 per cent growth in corporate loans led the advances growth, while retail loans grew by just 8 per cent during the April-June period, the bank said.

The overall non-interest income comprising fee, trading and miscellaneous income stood at Rs 6,735 crore, down 7 per cent from the year-ago period’s Rs 7,258 crore, mainly due to a 62 per cent drop in trading income.

From an asset quality perspective, the gross slippages declined to Rs 5,566 crore in the reporting quarter from Rs 8,200 crore in the year-ago period, but were higher than the Rs 4,675 crore in the quarter-ago period.

The overall provisions declined to Rs 2,223 crore in the quarter under review from Rs 3,948 crore in April-June 2025.

The gross non-performing assets (GNPA) ratio inched up to 1.28 per cent on a quarter as compared to March-end’s 1.23 per cent.

Axis Bank’s overall capital adequacy stood at 16.67 per cent as of June 30, 2026.