Axis Bank Reports 38% YoY Surge in Q2 Net Profit to Rs 7,003 Crore, with NII Increasing 12%

Axis Bank has demonstrated impressive financial growth in Q2 FY27, reporting a net profit of Rs 7,003 crore, reflecting a substantial 38% increase year-on-year from Rs 5,089 crore in the same quarter last year. This remarkable performance can be primarily attributed to a 12% year-on-year increase in net interest income (NII), which reached Rs 15,371 crore, alongside a robust net interest margin of 3.36%. The bank’s advances also grew by 23% year-on-year and 9% quarter-on-quarter, indicating strong credit demand and strategic lending practices.

The bank has effectively managed its asset quality as evidenced by a decline in the gross non-performing asset (GNPA) ratio to 1.16%, down 30 basis points from the preceding year, while the net NPA (NNPA) ratio fell to 0.35%. The net slippage ratio furthermore showed improvement, decreasing to 0.75%. Provisions and contingencies for the quarter stood at Rs 1,694 crore, underscoring the bank’s prudent risk management approach despite the expansion in lending. The cumulative provisions for standard and additional provisions exceeded Rs 15,860 crore as of September 30, 2026, reinforcing the bank’s preparedness against potential credit losses.

In the first half of FY27, Axis Bank continued to show resilience, with net interest income rising 10% year-on-year to Rs 30,018 crore, accompanied by fee income growth of 6%. The net profit for H1 FY27 increased by 30% year-on-year to Rs 14,117 crore, suggesting consistent operational efficiency and profitability. CEO Amitabh Chaudhry emphasized the bank’s commitment to enhancing customer experience through innovative digital solutions and strategic partnerships, reflecting a forward-looking approach in a competitive banking landscape.

Source: The Economic Times

(Expert Note: This intelligence brief was structured and verified by the Wealthova editorial desk.)