Axis Bank reported a robust financial performance for the quarter ended June 30, 2026, with consolidated net profit climbing 22.2 per cent year-on-year to Rs 7,632.31 crore. The strong earnings growth was supported by a sharp decline in provisions and contingencies, even as the lender continued to register healthy growth in lending and deposits. The bank also reported higher net interest income and total income during the quarter, reflecting steady business expansion across key segments.
Axis Bank’s consolidated total income increased 7 per cent year-on-year to Rs 43,212.82 crore, compared with Rs 40,401 crore in the corresponding quarter last year.
Interest earned rose 9.9 per cent to Rs 35,541.96 crore, while other income slipped 4.7 per cent to Rs 7,670.86 crore.
Net interest income (NII), a key indicator of a bank’s core lending performance, grew 8.6 per cent to Rs 15,327.26 crore, up from Rs 14,109.62 crore a year ago. Meanwhile, interest expenses increased 10.8 per cent to Rs 20,214.70 crore.
A major contributor to the profit growth was the sharp reduction in provisions and contingencies, which declined 42.1 per cent to Rs 2,337.47 crore from Rs 4,034.19 crore in the year-ago period.
As a result, profit before tax rose 24.2 per cent to Rs 10,161.28 crore, compared with Rs 8,179.70 crore in the same quarter last year.
The bank also clarified that it did not utilise the Rs 2,001 crore one-time standard asset provision it had created during the March quarter of FY26.
Advances And Deposits Continue Upward Trend
Axis Bank continued to expand its loan book and deposit base during the quarter.
Consolidated advances grew 19.3 per cent year-on-year to Rs 13.16 trillion as of June 30, 2026, compared with Rs 11.03 trillion a year earlier. Deposits also registered strong growth, rising 18.2 per cent to Rs 13.71 trillion from Rs 11.60 trillion.
The group’s total assets increased 20.1 per cent to Rs 19.86 trillion, highlighting sustained balance sheet expansion.
Retail banking remained the bank’s biggest revenue contributor. Revenue from the segment rose 7.9 per cent to Rs 39,517.11 crore, while profit before tax surged to Rs 3,851.40 crore, more than doubling from Rs 1,647.83 crore in the corresponding period last year.
Corporate and wholesale banking also delivered solid growth, with revenue increasing 20 per cent to Rs 15,026.97 crore. Profit before tax for the segment climbed 21.7 per cent to Rs 3,601.14 crore.
However, treasury operations were softer, with profit before tax declining 30.5 per cent to Rs 1,690.16 crore.