Axis Bank Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
AXISBANK · price
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Axis Bank reported its Q1 FY26 results with standalone net profit of ₹5,806.14 crore, down about 3.8% from ₹6,034.64 crore in the same quarter last year. Total income rose roughly 6.9% to ₹38,321.57 crore, helped by a strong 25% jump in other income to ₹7,258 crore. Operating profit (profit before provisions) grew about 14% to ₹11,515 crore, but a near-doubling of provisions to ₹3,947.66 crore (from ₹2,039 crore a year ago) dragged the bottom line down. Asset quality slipped marginally with gross NPAs at 1.57% (vs 1.54%) and net NPAs at 0.45% (vs 0.34%). Capital adequacy ratio improved to 16.85%. The joint statutory auditors (M M Nissim & Co LLP and KKC & Associates LLP) issued an unmodified limited review report, and a change of auditors from last year's Q1 is noted.
Mixed quarter for shareholders — strong operating profit growth and healthy capital position are positives, but sharply higher provisions and a small slip in asset quality led to a modest decline in net profit. No alarm bells from the auditors, though the mid-year change in statutory auditors is worth flagging.