Axis Bank Q1 preview: Profit, NII to stay healthy; NIM likely to shrink due to deposit repricing, competitive funding

Axis Bank is set to announce Q1FY27 results on 18 July. Brokerages expect net profit to rise 15-18.6 percent year-on-year supported by 18.8 percent YoY loan growth to around 12.73 lakh crore and 18.2 percent YoY deposit growth to about 13.73 lakh crore. Net interest income is expected to grow 8.9-10.6 percent YoY, though net interest margin may compress by 5-8 basis points sequentially to around 3.53 percent due to deposit repricing, competitive funding costs, and seasonally higher slippages near 4700 crore.