Axis Bank, India’s third-largest private sector lender, reported a 3.8 per cent decline in its June quarter (Q1FY26) net profit to Rs 5,806.14 crore, down from Rs 6,034.64 crore in the year-ago period. The bank’s net interest income (NII) increased marginally by 0.8 per cent to Rs 13,560 crore, compared to Rs 13,448 crore a year earlier.
The lender took higher provisions of Rs 3,948 crore in Q1FY26, significantly up from Rs 1,359 crore in Q4FY25, reflecting cautious asset quality management amid an uncertain economic environment.
Gross Non-Performing Assets (NPAs) rose to Rs 17,765 crore from Rs 14,490 crore in the previous quarter, with the gross NPA ratio increasing to 1.57 per cent from 1.28 per cent quarter-on-quarter (QoQ). The net NPA stood at Rs 5,066 crore, up from Rs 3,685 crore QoQ, pushing the net NPA ratio to 0.45 per cent from 0.33 per cent.
Axis Bank shares closed 0.63 per cent lower at Rs 1,161 on the NSE in the July 17 session.
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