From mint · Pranati Deva · · 1m 20s
Axis Bank Q2 Results: Profit Up 38% YoY
Axis Bank's Q2 profit jumps 38% YoY to ₹7,003 crore with improved asset quality.
In brief
Axis Bank's Q2 profit jumps 38% YoY to ₹7,003 crore with improved asset quality. Axis Bank reported 38% year-on-year rise in Q2 FY27 net profit to ₹7,003 crore with gross NPA ratio at 1.16%. Originally reported by mint.
Q2 FY27 Net Profit
Axis Bank reported 38% year-on-year rise in Q2 FY27 net profit to ₹7,003 crore.
Net Interest Income Growth
Net interest income increased 12% to ₹15,371 crore with NIM at 3.36%.
Asset Quality Improves
Gross NPA ratio fell to 1.16% with net NPA ratio at 0.35%.
Provisions and Contingencies
Set aside ₹1,694 crore for provisions and contingencies including ₹1,564 crore in specific loan-loss provisions.
Advances and Deposits Growth
Advances grew 23% YoY to ₹13.74 lakh crore with deposits rising 21% YoY to ₹14.52 lakh crore.
Capital Adequacy Ratio
Capital adequacy ratio at 16.27% with CET-1 ratio at 14.61%.
H1FY27 Results
Net profit climbed 30% YoY to ₹14,117 crore with NII up 10% to ₹30,018 crore.
Share Price Trend
Shares ended at ₹1,290 up 0.16% with 4% gain over past month.
Investor Focus
Investors track net interest margins, loan growth, deposit mobilisation and asset quality for sustainability.
The short version
Axis Bank reported 38% year-on-year rise in Q2 FY27 net profit to ₹7,003 crore with gross NPA ratio at 1.16%.
