Axis Bank (AXISBANK) Q3 25/26 earnings summary

Executive summary

• Strong year-over-year growth: deposits up 15%, advances up 14%, and PAT up 3% YoY and 28% QoQ, driven by stable net interest income and healthy fee income.

• Maintained robust digital and payments leadership, with a 39% UPI market share and 14% credit card market share.

• Asset quality remained stable with GNPA at 1.40% and NNPA at 0.42%, and provision coverage ratio at 70%.

• Distribution footprint expanded beyond 6,000 branches, with digital and premium customer acquisition strategies driving engagement.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and subjected to limited review with unmodified reports by joint statutory auditors.

Financial highlights

• Deposits grew 5% QoQ and 15% YoY; advances up 4% QoQ and 14% YoY.

• Net interest income for Q3 FY26 at INR 14,287 crore, up 5% YoY and 4% QoQ; NIM at 3.64%.

• PAT at INR 6,490 crore, up 28% QoQ and 3% YoY; consolidated net profit at ₹7,010.65 crore.

• Core operating profit at INR 10,815 crore, up 7% YoY; standalone operating profit for Q3FY26 was ₹10,875.70 crore.

• Fee income at INR 6,100 crore, up 12% YoY; granular retail fees up 12% YoY.

Outlook and guidance

• Confident in achieving through-cycle NIM guidance of 3.8%, despite recent rate cuts.

• Deposit growth expected to converge with credit growth over the next 15-18 months, contingent on sustained liquidity.

• Continued focus on optimizing book mix, maintaining positive operating jaws, and expanding in rural and semi-urban markets.

• Continued investment in technology and digital transformation to drive customer acquisition and operational efficiency.

• The bank is monitoring the implementation of new labour codes and has made provisions for potential impacts.