NSE: AXISBANK · BSE: 532215
AXIS BANK LIMITED
Operates as an Indian private sector bank offering loans, deposits, and fee-based services across retail, corporate, and digital channels. The largest revenue segment is Retail Banking (excluding digital) at 48.2% of segment revenue for the nine-month period ending December 2024, followed by Corporate/Wholesale Banking at 21.1%, Digital Banking at 15.1%, Treasury at 13.7%, Other Banking Business at 1.8%, and unallocated items at 0.2%. As of Q1 FY27, gross advances stood at Rs 12,729 billion (up 18.8% YoY) and total deposits at Rs 13,729 billion (up 18.2% YoY), with CASA deposits at Rs 5,217 billion. Net interest margin was 3.46% in Q1 FY27, generating net interest income of Rs 14,646 crore for the quarter. Asset quality improved with gross NPA at 1.28% and net NPA at 0.39%, while capital adequacy ratio stood at 16.67% with CET-1 at 14.64%. Wealth AUM reached Rs 7.54 trillion. The bank raised USD 600 million in Additional Tier 1 Notes in July 2026 and operates subsidiaries in retail lending and capital markets. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking - Others (48%), Corporate/Wholesale Banking (21%), Retail Banking - Digital Banking (15%), Treasury (14%), Other Banking Business (2%), Unallocated (0%). Cyclical, asset-heavy private sector bank with diversified retail and corporate exposure
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 14,119 | 10,818 | 26,386 | 28,055 | 26,385 |
| EPS, as reported (₹) | 46.04 | 35.20 | 85.62 | 90.72 | 85.04 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 28,137 | 22,075 | (5,555) | 44,384 | (8,474) |
| Capex | — | — | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 9,177 | 9,007 | 9,895 | 8,180 | 7,496 | 9,371 | 7,247 | 10,161 |
| Net profit | 7,409 | 6,763 | 7,490 | 6,260 | 5,558 | 7,044 | 7,632 | 7,657 |
| EPS (₹) | 23.94 | 21.79 | 24.14 | 20.15 | 17.82 | 22.59 | 24.47 | 24.55 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HDFC BANK LTD | 10,47,596 | 13.2 | — | — | — | — | — | — |
| ICICI BANK LTD. | 9,95,059 | 17.7 | — | — | — | — | — | — |
| KOTAK MAHINDRA BANK LTD | 4,40,141 | 11.5 | — | — | — | — | — | — |
| AXIS BANK LIMITED ◆ | 3,75,069 | 13.5 | — | — | — | — | — | — |
| FEDERAL BANK LTD | 84,309 | 18.0 | — | — | — | — | — | — |
| IDBI BANK LIMITED | 83,869 | 9.0 | — | — | — | — | — | — |
| INDUSIND BANK LIMITED | 64,925 | 49.1 | — | — | — | — | — | — |
| IDFC FIRST BANK LIMITED | 61,475 | 27.4 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.5 | 12.3 | 14 of 20 | 32% |
| Profit growth | 22.3 | 29.5 | 14 of 20 | 32% |
| Market cap | 375069 | 41910 | 4 of 20 | 84% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Axis Bank allots 165,213 shares under employee incentive schemes | capital market events | low | — | — |
| 26 Oct 2026 · Axis Bank shares Q2 FY27 earnings call transcript | investor communications | medium | — | — |
| 21 Oct 2026 · Axis Bank allots 47,781 shares under employee share plans | capital market events | low | — | — |
| 19 Oct 2026 · Newspaper publication of Q2 FY27 unaudited financial results | compliance | minimal | — | — |
| 17 Oct 2026 · Axis Bank shares Q2 FY27 earnings call audio recording | investor communications | medium | — | — |
| 17 Oct 2026 · Axis Bank appoints Rahul Shukla as Group Head, Commercial and Bharat Banking | management changes | medium | — | — |
| 17 Oct 2026 · Axis Bank Q2FY27: PAT jumps 38% YOY to 7,003 cr | investor communications | medium | — | — |
| 17 Oct 2026 · Axis Bank Q2FY27 PAT jumps 38% YOY to Rs 7,003 cr on strong NII growth | results | high | — | — |
| 17 Oct 2026 · Axis Bank files Q2 FY27 financial results with the exchanges | results | high | — | — |
| 16 Oct 2026 · Axis Bank appoints Ananth Narayan G. as Independent Director | management changes | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.