Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Disclosure under SEBI Listing Regulations 30, 33, and 52 - Outcome of Board Meeting

Audit Opinion:

The financial results were subjected to a limited review by the Joint Statutory Auditors, M/s. MM Nissim & Co. LLP and M/s. KKC & Associates LLP, who issued an unmodified review report.

Key Financial Highlights [₹ in crores]:

Standalone Results:

  • Revenue from Operations: Not explicitly stated; Total Income was ₹40,721.05 crores
  • Total Income: ₹40,721.05 crores (vs. ₹38,321.57 crores in Q1 FY26, +6.3% YoY)
  • EBITDA: Not specified in banking context
  • Net Profit: ₹7,113.92 crores (vs. ₹5,806.14 crores in Q1 FY26, +22.5% YoY; vs. ₹7,071.31 crores in Q4 FY26, +0.6% QoQ)
  • EPS: Basic ₹22.88, Diluted ₹22.75 (vs. Basic ₹18.73, Diluted ₹18.64 in Q1 FY26)
  • Other Equity: Not separately specified; Reserves excluding revaluation reserves were ₹2,03,572.63 crores as of Mar 31, 2026
  • Cash and Cash Equivalents: Cash and balances with RBI ₹58,656.77 crores; Balances with banks and money at call ₹72,159.51 crores
  • Debt: Total borrowings ₹2,37,316.59 crores

Consolidated Results:

  • Revenue from Operations: Not explicitly stated; Total Income was ₹43,212.82 crores
  • Total Income: ₹43,212.82 crores (vs. ₹40,401.00 crores in Q1 FY26, +7.0% YoY)
  • EBITDA: Not specified in banking context
  • Net Profit: ₹7,632.31 crores (vs. ₹6,243.72 crores in Q1 FY26, +22.2% YoY)
  • EPS: Basic ₹24.55, Diluted ₹24.41 (vs. Basic ₹20.15, Diluted ₹20.04 in Q1 FY26)
  • Other Equity: Reserves excluding revaluation reserves ₹2,12,957.29 crores as of Mar 31, 2026
  • Cash and Cash Equivalents: Cash and balances with RBI ₹58,656.85 crores; Balances with banks and money at call ₹76,940.40 crores
  • Debt: Total borrowings ₹2,85,257.98 crores

Performance Analysis:

Net profit showed material improvement of 22.5% YoY on standalone basis and 22.2% YoY on consolidated basis, primarily due to lower provisions. Provisions (other than tax) and contingencies (net) decreased to ₹2,222.54 crores from ₹3,947.66 crores YoY. Net Interest Income (implied) improved with interest earned growing to ₹33,985.63 crores from ₹31,063.51 crores YoY while interest expended increased to ₹19,339.53 crores from ₹17,503.76 crores YoY.

Segment-wise Performance [₹ in crores]:

The segmental results show:

  • Treasury segment profit before tax: ₹1,690.16 crores
  • Corporate/Wholesale Banking segment profit before tax: ₹3,601.14 crores
  • Retail Banking segment profit before tax: ₹3,851.40 crores (with Digital Banking sub-segment reported separately)
  • Other Banking Business segment profit before tax: ₹1,531.43 crores
  • Unallocated: ₹0.00 crores

Total profit before tax across segments: ₹10,161.28 crores

Retail Banking was a significant driver of profitability, contributing the largest share of segment profits.

Corporate Actions:

No dividend declarations, share splits, bonus issues, or buybacks were announced for the current quarter.

Other Significant Information:

  • During the quarter, the Bank infused equity capital of ₹1,499.26 crores in Axis Finance Limited, its wholly-owned subsidiary
  • The Bank additionally invested ₹380.60 crores in equity shares of Axis Max Life Insurance Limited
  • On July 13, 2026, Axis Finance Limited issued 4,33,99,991 fresh equity shares to Kedaara Pearl Holding and Kedaara Capital Fund IV AIF for ₹50 crores, reducing the Bank's ownership from 100% to 94.92%
  • The Bank allotted 26,05,491 equity shares during the quarter pursuant to employee stock option exercises
  • Gross NPAs stood at ₹17,124.33 crores (1.28% of advances) vs. ₹17,764.66 crores (1.57%) YoY
  • Net NPAs stood at ₹5,192.56 crores (0.39% of advances) vs. ₹5,065.99 crores (0.45%) YoY
  • Capital Adequacy Ratio (Basel III) was 16.67% vs. 16.85% YoY
  • Return on Assets (annualized) was 1.51% vs. 1.47% YoY