# Bank Q2 Results: HDFC, Axis Beat Estimates

> HDFC Bank and Axis Bank beat Q2 estimates as brokerages forecast margin recovery ahead.
- Title: Bank Q2 Results: HDFC, Axis Beat Estimates · Financialexpress
- Summary: HDFC Bank and Axis Bank beat Q2 estimates as brokerages forecast margin recovery ahead. HDFC Bank and Axis Bank reported Q2FY27 results exceeding estimates…
- Keywords: hdfc bank, axis bank, icici bank, q2fy27, net interest margin, loan growth, brokerages, margin recovery, business, money, news, Bank
- Source: Financialexpress — https://financialexpress.com/business/industry-bank-q2-results-hdfc-bank-axis-bank-beat-estimates-brokerages-see-margin-recovery-ahead-4364815
- Author: Khushboo Kumari
- Published: 2026-10-19T11:45:57+00:00
- Read time: 1 min
- Topics: hdfc bank, axis bank, icici bank, q2fy27, net interest margin, loan growth, brokerages, margin recovery, business, money, news
## Q2FY27 Results Overview
HDFC Bank, ICICI Bank, and Axis Bank reported healthy Q2FY27 performances with strong loan growth, higher fee income, and lower provisions.
## HDFC Bank Q2 Highlights
HDFC Bank profit beat estimates by 3% with core operating profit growing 12% YoY and 7% QoQ, though net interest margin declined 8 basis points to 3.32%.
## ICICI Bank Q2 Highlights
ICICI Bank reported 20% YoY net profit growth with loan growth at 30% YoY and 12% QoQ, though CASA ratio fell to 36.1%.
## Axis Bank Q2 Highlights
Axis Bank reported 37.6% net profit growth with loan growth at 23% YoY, though credit-deposit ratio rose to 94.6%.
## Margin Recovery Forecast
Brokerages expect net interest margins to recover as banks deploy FCNR(B) funds and reprice floating-rate loans by Q4FY27.
## Key Factors for Recovery
Rising credit-deposit ratios, insurance income exposure, and NIM recovery are critical factors to monitor for banks.
## What Happens Next
Banks are expected to see margin recovery by Q4FY27 as they deploy FCNR(B) liquidity and reprice floating-rate loans.
## Key takeaway

HDFC Bank and Axis Bank reported Q2FY27 results exceeding estimates with strong loan growth, while brokerages expect net interest margins to recover through Q4FY27.