Axis Bank Q1 FY27 Results: Profit Rises Sharply on Lower Provisions
By Kaushik Brahmakshatriya
Published On 19 July 2026.
Axis Bank Q1 FY27 results
Axis Bank, one of India’s leading private sector lenders, has reported strong earnings for the first quarter of financial year 2027, covering the period ended June 30, 2026. The bank’s standalone net profit climbed 22.5% year-on-year to reach ₹7,113.92 crore, up from ₹5,806.14 crore recorded in the same quarter last year. On a consolidated basis, including subsidiaries, net profit came in even higher at ₹7,632.31 crore, marking a 22.24% jump compared to ₹6,243.72 crore a year earlier.
The standout driver behind this profit surge was a sharp reduction in provisions and contingencies, which fell by nearly 44% year-on-year to ₹2,222.54 crore. This decline more than offset softer growth in the bank’s core operating income, allowing profit before tax to rise close to 25% during the quarter.
Net Interest Income & Margin Trends
Net Interest Income, the difference between interest earned on loans and interest paid on deposits, grew 8% year-on-year to ₹14,646 crore. However, the bank’s Net Interest Margin narrowed to 3.46%, down from 3.62% in the previous quarter and 3.80% a year earlier, reflecting continued pressure on deposit costs across the banking sector. Other income declined during the quarter, adding some pressure to overall core earnings growth even as the bottom line improved.
| Metric | Q1 FY27 (Jun 2026) | Q1 FY26 (Jun 2025) | YoY Change |
| Standalone Net Profit | ₹7,113.92 crore | ₹5,806.14 crore | +22.5% |
| Consolidated Net Profit | ₹7,632.31 crore | ₹6,243.72 crore | +22.2% |
| Net Interest Income | ₹14,646 crore | ~₹13,561 crore | +8% |
| Net Interest Margin | 3.46% | 3.80% | Down |
| Gross NPA | 1.28% | — | Stable |
| Net NPA | 0.39% | — | Stable |
| Segment | Revenue (Q1 FY27) | Profit Before Tax | YoY Growth |
| Retail Banking | ₹39,517.11 crore | ₹3,851.40 crore | Revenue +7.9% |
| Corporate & Wholesale Banking | ₹15,026.97 crore | ₹3,601.14 crore | PBT +21.7% |
| Treasury | — | ₹1,690.16 crore | PBT -30.5% |
Key Takeaways for Investors
The results reflect a bank benefiting from cleaner asset quality and lower credit costs, even as rising funding costs and softer fee income temper core profitability growth. Shares of Axis Bank reacted positively, closing near ₹1,329 on the NSE, up close to 2% following the announcement. Analysts view the numbers as broadly ahead of brokerage estimates, with strong loan growth across retail and SME segments seen as a positive signal for the bank’s franchise strength heading into the rest of FY27.
Frequently Asked Questions (FAQ)
Q1. What is Axis Bank’s net profit for Q1 FY27?
Axis Bank posted a standalone net profit of ₹7,113.92 crore for the quarter ended June 30, 2026, up 22.5% from the same period last year.
Q2. What was Axis Bank’s consolidated net profit for Q1 FY27?
The consolidated net profit, including subsidiaries, stood at ₹7,632.31 crore, a 22.24% increase year-on-year.
Q3. What is Axis Bank’s Net Interest Margin for Q1 FY27?
The NIM for the quarter came in at 3.46%, lower than 3.62% in the previous quarter.
Q4. How is Axis Bank’s asset quality in Q1 FY27?
Asset quality remained stable, with gross NPA at 1.28% and net NPA at 0.39% as of June 30, 2026.
Q5. Why did Axis Bank’s profit rise sharply despite moderate NII growth?
The profit jump was largely driven by a 43.7% year-on-year fall in provisions and contingencies, which offset slower growth in core operating income.
Q6. How did Axis Bank’s share price react to the Q1 FY27 results?
Shares of Axis Bank rose nearly 2% to settle around ₹1,329 on the NSE following the results announcement.
Q7. What is Axis Bank’s loan book growth in Q1 FY27?
Axis Bank’s advances grew 19% year-on-year, with SME loans growing 25% and retail loans rising 8%.
Disclaimer :
This is for informational purposes only and should not be considered investment advice. Please consult a certified financial advisor before making investment decisions.We are not responsible for any financial loss.
