Axis Bank's June-quarter profit rose on lower provisions and an 8 per cent increase in net interest income, even as margins narrowed and bad loans edged higher
Axis Bank reported better-than-expected June quarter earnings as higher net interest income and lower provisions lifted profit, while loan growth remained supported by improving credit demand
Axis Bank's results will likely focus on earnings momentum amid pressure on net interest margins. Analysts expect the bank to continue reporting healthy loan growth, supported by corporate lending.
Axis Bank reports marginal decline in Q4FY26 profit as higher provisions and trading losses weigh on earnings, even as advances, deposits, and asset quality metrics remain stable
Q4FY26 company results: Firms including RBL Bank, UCO Bank, SBFC Finance, MIC Electronics, and Sejal Glass are also to release their January-March earnings today
Analysts expect Axis Bank to report muted Q4FY26 results, with higher provisions weighing on profit even as loan growth and NII may remain steady.
Axis Bank's Q2FY26 profit falls amid higher provisions, but asset quality and loan growth show steady improvement
Despite a profit decline due to standard asset provisions, Axis Bank's asset quality improved and loan growth remained steady in Q2FY26
Axis Bank was seen trading below the 200-Day Moving Average after three months. More pain likely if the stock breaks below the weekly trend line support, which stands at ₹1,077; suggests tech charts.
Axis Bank share: On the bourses, Axis Bank share price tumbled 6.3 per cent intraday to hit a fresh 52-week low of Rs 974.45 per share
At 6:35 AM, GIFT Nifty futures indicated a weaker start for the markets, trading 56 points lower at 23,321.5
The Mumbai-based private lender's standalone net profit - which excludes its subsidiaries - rose 4 per cent to Rs 6,304 crore
At 6:35 AM, GIFT Nifty futures indicated a gap-up opening for the markets, trading 150 points higher at 23,416
Axis Bank Q3 results expectations: There are expectations that Axis Bank Q3 results could be a weak set of numbers, dragged by weak loan and deposit growth, margin pressure and poor asset quality
Axis Bank share price: Brokerages have cut their earnings forecast by up to 5 per cent over FY25-27 to factor in Q2 results
The Mumbai-based private lender's standalone net profit - which excludes its subsidiaries - rose to Rs 6,918 crore
Axis bank's one-time charge for Citibank's consumer biz acquisition shows impact Annual profit grow by hefty 25.3% in Fy23
In March 2022, Axis Bank said it would purchase Citi's retail business in a transaction worth Rs 12,235 crore
According to analysts, Axis' earnings beat was led by NIM expansion, and credit cost being restricted at less than 20 bps
Axis Bank Q1 Results: In FY22, the bank doubled its net profit to Rs 13,025 crore. The operating profit of the bank grew by 13 per cent YOY & 5 per cent QOQ, in Q4FY22