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Axis Bank – Q1FY27 result update
20 Jul 2026, 12:00PM

  • Asset quality weakened with net slippage ratio rising to 1.12% versus 0.7% q-o-q.
  • NII rose 8.0% y-o-y (below estimate) despite strong business growth, this was due to NIM contraction during the quarter.
  • Sharp decline in other opex lead to beat on PPoP front, which ultimately in a PAT growth of 22.5% y-o-y (2.5% above estimate)

Results table                                                                                 (In Rs. cr)

Particulars

Q1FY27

Q1FY26

y-o-y

Q4FY26

q-o-q

Net Interest Income

14,646

13,560

8.0%

14,457

1.3%

Other income

6,735

7,258

-7.2%

6,023

11.8%

Net Income

21,382

20,818

2.7%

20,480

4.4%

Opex

9,722

9,303

4.5%

10,466

-7.1%

Operating Profit

11,659

11,515

1.3%

10,013

16.4%

Provisions

2,223

3,948

-43.7%

3,522

-36.9%

PBT

9,437

7,568

24.7%

6,491

45.4%

Tax

2,323

1,761

31.9%

-580

-500.4%

PAT

7,114

5,806

22.5%

7,071

0.6%

 

         

Advances

12,61,557

10,59,724

19.0%

12,33,570

2.3%

Deposits

13,72,936

11,61,615

18.2%

13,35,834

2.8%

 

         

NIMs %

3.46

3.80

-34 bps

3.62

-16 bps

GNPA %

1.28

1.57

-29 bps

1.23

5 bps

NNPA %

0.39

0.45

-6 bps

0.37

2 bps

PCR %

69.7

71.5

-181 bps

70.2

-54 bps

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