Axis Bank Q1 Results: Net profit rises 23% YoY to Rs 7,114 crore; NII up 8%

Axis Bank reported Q1 FY27 net profit of Rs 7,114 crore, up 23% year-on-year, while net interest income rose over 8% YoY to Rs 14,646 crore. Asset quality improved on a YoY basis, with gross NPA ratio falling to 1.28% and net NPA ratio to 0.39%, though both rose marginally sequentially from the previous quarter. Net worth grew around 14% YoY to Rs 2.03 lakh crore, and the net slippage ratio declined 121 basis points YoY to 1.12%.