Axis Bank (AXISBANK) Q1 26/27 earnings summary

Executive summary

• PAT increased 23% year-over-year to ₹7,114 crore, driven by positive operating jaws, stable asset quality, and strong growth in advances (up 19% YoY) and deposits (up 18% YoY).

• Maintained digital and payments leadership, including a 38% UPI market share and 16 million mobile banking MAUs.

• Subsidiaries delivered healthy performance, with consolidated net profit at ₹7,632.31 crore and Axis Finance PAT up 29% YoY.

• Asset quality improved: GNPA at 1.28% (down 29 bps YoY), NNPA at 0.39% (down 6 bps YoY).

• Board approved unaudited standalone and consolidated financial results for Q1FY27, with limited review by joint statutory auditors.

Financial highlights

• Net interest income rose 8% YoY to ₹14,646 crore; operating profit up 16% QoQ to ₹11,659 crore.

• Fee income grew 7% YoY to ₹6,156 crore; retail fee up 2% YoY.

• Cost to assets declined to 2.2%, down 21 bps YoY.

• Standalone total income for Q1FY27 was ₹40,721.05 crore; consolidated net profit was ₹7,632.31 crore.

• EPS for Q1FY27 stood at ₹22.88 (basic, standalone) and ₹24.55 (basic, consolidated).

Outlook and guidance

• Structural NIM guidance of 3.8% maintained; current NIM at 3.46% (cycle bottom).

• Well-capitalized with CAR at 16.67% and CET1 at 14.64%; liquidity coverage ratio averaged 119%.

• Management expects to grow at 300 bps above industry average over the medium term.

• Prudent provisioning continues, with no drawdown from additional provisions made in Q4FY26.

• Retail disbursement growth expected to drive future book growth and margin recalibration.