Date: October 17, 2026

Financial Performance Overview

Axis Bank reported strong financial performance for Q2FY27 and H1FY27 with significant growth in profitability, deposits, and advances.

Q2FY27 Performance Highlights

Profitability Metrics:

  • Net Profit: ₹7,003 crores, up 38% YoY (from ₹5,090 crores in Q2FY26) but down 2% QoQ (from ₹7,114 crores in Q1FY27)
  • Net Interest Income (NII): ₹15,371 crores, up 12% YoY and 5% QoQ
  • Net Interest Margin (NIM): 3.36%; excluding FCNR(B) impact, NIM at 3.47%
  • Fee Income: ₹6,381 crores, up 6% YoY and 4% QoQ
  • Core Operating Profit: ₹10,998 crores, up 11% YoY
  • Operating Expenses: ₹10,819 crores, up 9% YoY and 11% QoQ
  • Cost to Assets: 2.14%, declined 6 bps QoQ and 24 bps YoY

Balance Sheet Growth:

  • Total Assets: ₹20,46,240 crores, up 22% YoY
  • Advances: ₹13,73,727 crores, up 23% YoY and 9% QoQ
  • Deposits: ₹14,52,066 crores, up 21% YoY and 6% QoQ
  • Shareholders' Funds: ₹2,18,749 crores, up 15% YoY

H1FY27 Performance Highlights

  • Net Profit: ₹14,117 crores, up 30% YoY (from ₹10,896 crores in H1FY26)
  • Net Interest Income: ₹30,018 crores, up 10% YoY
  • Fee Income: ₹12,536 crores, up 6% YoY
  • Operating Profit: ₹22,742 crores, up 4% YoY
  • Core Operating Profit: ₹22,120 crores, up 11% YoY

Segment-wise Performance

Deposit Growth:

  • CASA Deposits: ₹5,29,539 crores, up 11% YoY
  • Savings Bank: ₹3,56,468 crores, up 12% YoY
  • Current Account: ₹1,73,071 crores, up 7% YoY
  • Term Deposits: ₹9,22,527 crores, up 27% YoY
  • CASA Ratio: 36% at month-end, 35% on quarterly average basis
  • Raised FCNR(B) deposits of ₹1,018 billion, including ₹438 billion backed by advances from international branches and ₹449 billion backed by standby letters of credit

Advances Growth:

  • Retail Loans: ₹7,39,905 crores, up 16% YoY and 10% QoQ (54% of net advances)
  • Home Loans: ₹1,75,261 crores, up 6% YoY (24% of retail book)
  • Rural Loans: ₹1,22,338 crores, up 20% YoY and 4% QoQ
  • Small Business Banking: ₹85,167 crores, up 21% YoY and 7% QoQ
  • Personal Loans: ₹84,954 crores, up 8% YoY and 3% QoQ
  • ~74% of retail book is secured
  • SME Loans: ₹1,64,592 crores, up 25% YoY and 9% QoQ
  • Corporate Loans: ₹4,69,230 crores, up 34% YoY and 8% QoQ
  • Mid-Corporate: grew 29% YoY and 9% QoQ
  • 91% of corporate book rated A- and above
  • 88% of incremental sanctions to corporates rated A- and above in H1FY27

Asset Quality

  • Gross NPA: 1.16%, down 30 bps YoY and 12 bps QoQ
  • Net NPA: 0.35%, down 9 bps YoY and 4 bps QoQ
  • Provision Coverage Ratio: 70% (healthy)
  • Aggregate Coverage Ratio: 164%, up 17% YoY
  • Gross Slippage Ratio: 1.48% (annualized), down 63 bps YoY and 31 bps QoQ
  • Net Slippage Ratio: 0.75% (annualized), down 30 bps YoY and 37 bps QoQ
  • Net Credit Cost: 0.45% (annualized), down 28 bps YoY and 18 bps QoQ
  • Cumulative Provisions: ₹15,860 crores (standard + additional other than NPA)
  • Standard Asset Coverage: 1.16% as of September 30, 2026

Capital Adequacy

  • Capital Adequacy Ratio (CAR): 16.27%
  • CET-1 Ratio: 14.61% (accreted 23 bps to CET-1 in H1FY27)
  • Additional cushion of ~49 bps over reported CAR from other provisions and one-time standard asset provision aggregating ₹8,006 crores
  • Excess SLR: ₹1,04,306 crores
  • Average LCR during Q2FY27: ~119%
  • Book Value per Share: ₹703, up from ₹612 as of September 30, 2025

Digital Banking and Payments Leadership

  • Acquired ~1.09 million credit cards in Q2FY27 with ~13.1% market share of cards in force
  • Market leader in UPI Payer PSP with ~38% market share by volume and lowest technical declines among top 50 UPI Remitter Members
  • Among largest players in Merchant Acquiring with 25.7% terminal market share
  • Axis Mobile app rated 4.8 on both Google Play and iOS stores with ~16 million Monthly Active Users
  • ~12 million non-Axis Bank customers using Axis Mobile app
  • 98% share of digital transactions in Bank's total financial transactions by individual customers
  • First Indian bank to bring Apple Pay to credit card customers
  • WhatsApp banking: Over 45 million customers onboarded since 2021 launch

Subsidiaries Performance

H1FY27 Performance:

  • Domestic subsidiaries PAT: ₹1,210 crores, up 29% YoY
  • Return on investment in domestic subsidiaries: ~45%

Axis Finance:

  • PAT: ₹546 crores, up 42% YoY
  • AUM: ₹54,590 crores, up 23% YoY
  • Net NPA: 0.35%
  • CAR: 22.15%

Axis AMC:

  • PAT: ₹370 crores, up 36% YoY
  • QAAUM: ₹3,82,966 crores, up 9% YoY

Axis Capital:

  • PAT: ₹149 crores, up 61% YoY
  • Executed 20 ECM and 5 non-ECM deals in Q2FY27

Axis Securities:

  • PAT: ₹191 crores, up 9% YoY
  • Customer base grew 8% YoY

Wealth Management Business

  • Burgundy AUM: ₹8,19,868 crores, up 27% YoY and 9% QoQ
  • Burgundy Private: Covers 18,760 families with AUM of ₹2,77,246 crores, up 12% YoY and 3% QoQ

Strategic Initiatives and Recognition

  • Launched Apple Pay integration - first Indian bank to do so
  • Expanded travel-focused offerings with Scapia and MakeMyTrip partnerships
  • Launched Express Banking: Digital Banking Point 2.0 and AI Soundbox with Hitachi Payment Services
  • Implemented AMS 2.0 programme with Cognizant
  • Rolled out "OPEN ki aadat pad jaayegi" and "Far Away But Never Apart" campaigns
  • Launched Sparsh Week 2026 customer engagement initiative
  • Introduced ARISE Homecoming for globally educated Indians
  • Conducted MOVES 2026 engaging over 43,000 students
  • Launched Axis Bank-GoSports Foundation Performance Institute and Axis Bank Sanjeeva Singh Olympic Archery Centre

Awards Received:

  • India's Best Digital Bank - Euromoney Awards for Excellence 2026
  • Brandon Hall Awards 2026 for learning and leadership development
  • ICC Emerging Asia Awards 2026 for AI/ML implementation and MSME acceleration
  • Multiple honors at ABF Retail and Wholesale Banking Awards 2026
  • CEO of the Year Award at SABRE South Asia Awards 2026

Management Commentary

Amitabh Chaudhry, MD & CEO, stated: "As customer expectations continue to evolve, our focus remains on building a franchise that combines innovation, trust and execution at scale. This quarter, we built on our leadership in digital payments and secure banking while advancing our technology agenda through AI-driven innovation and strategic partnerships. We expanded our reach, enhanced customer propositions, invested in talent, and deepened our contribution to communities. Together, these efforts reflect our commitment to creating long-term value for our customers, stakeholders and the broader economy."

Key Financial Metrics Table

| Metric | Q2FY27 | Q2FY26 | Growth YoY | Q1FY27 | Growth QoQ |

| Net Interest Income (₹ cr) | 15,371 | 13,745 | 12% | 14,646 | 5% |

| Fee Income (₹ cr) | 6,381 | 6,037 | 6% | 6,156 | 4% |

| Operating Profit (₹ cr) | 11,083 | 10,413 | 6% | 11,659 | -5% |

| Core Operating Profit (₹ cr) | 10,998 | 9,915 | 11% | 11,122 | -1% |

| Net Profit (₹ cr) | 7,003 | 5,090 | 38% | 7,114 | -2% |

| GNPA (%) | 1.16% | 1.46% | -30 bps | 1.28% | -12 bps |

| NNPA (%) | 0.35% | 0.44% | -9 bps | 0.39% | -4 bps |

| CAR (%) | 16.27% | 16.55% | -28 bps | 16.67% | -40 bps |

| CET-1 (%) | 14.61% | 14.83% | -22 bps | 14.96% | -35 bps |

Balance Sheet Position (as of September 30, 2026)

  • Investments: ₹4,53,464 crores (₹3,80,693 crores in government securities)
  • Fixed Assets: ₹6,640 crores
  • Other Assets: ₹85,856 crores
  • Borrowings: ₹2,73,085 crores, up 37% YoY
  • Other Liabilities and Provisions: ₹1,00,970 crores, up 22% YoY

The Board of Directors approved the financial results at its meeting held in Mumbai on October 17, 2026.