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Informist, Monday, Jan. 26, 2026

 

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--Axis Bank Oct-Dec net profit INR 64.90 bln vs INR 63.04 bln 
--Analysts saw Axis Bank Oct-Dec net profit at INR 60 bln
--Axis Bank Oct-Dec total income INR 385.00 bln vs INR 369.26 bln year ago 
--Axis Bank Oct-Dec provisions INR 22.46 bln vs INR 21.56 bln year ago 
--Axis Bank: Retail asset quality stabilising, retail net slippages lower 
--Axis Bk provision coverage ratio 70% as on Dec 31 vs 76% year ago 
--Axis Bk Oct-Dec loan write-offs INR 32.76 bln vs INR 31.33 bln year ago 
--Axis Bk Oct-Dec recoveries, upgrades INR 28.72 bln vs INR 19.15 bln yr ago 
--Axis Bank Oct-Dec fresh slippages INR 60.07 bln vs INR 54.32 bln year ago 
--Axis Bank Oct-Dec cost of funds 5.07% vs 5.46% year ago 
--Axis Bank: Net advances INR 11.59 tln on Dec 31 vs INR 10.15 tln year ago 
--Axis Bank: Total deposits INR 12.61 tln on Dec 31 vs INR 10.96 tln year ago 
--Axis Bank: CASA ratio at 39% as on Dec 31, unchanged from year ago 
--Axis Bank Oct-Dec net interest margin 3.64% 
--Axis Bk Oct-Dec net interest income INR 142.86 bln vs INR 136.06 bln yr ago 
--Axis Bank Basel-III capital adequacy ratio 16.55% as on Dec 31 
--Axis Bank net NPA ratio 0.42% as on Dec 31 vs 0.44% qtr ago 
--Axis Bank gross NPA ratio 1.40% as on Dec 31 vs 1.46% qtr ago 
--Axis Bank Apr-Dec total income INR 1.14 tln vs INR 1.10 tln year ago 
--Axis Bk Apr-Dec net profit INR 173.85 bln vs INR 192.56 bln yr ago

 

By Krity Ambey

 

NEW DELHI – With a net profit of INR 64.9 billion for the December quarter, Axis Bank beat the Street's view. But pressure on the private-sector bank's margins capped year-on-year growth in its bottom line at 3%. Sequentially, the net profit rose a sharp 28%, aided by better operating performance.

 

The bank's net interest margin slipped to 3.64% in the reporting quarter from 3.93% in the year-ago period and was also down by 9 basis points on quarter. The lender's net interest income, up 5% on year at INR 142.87 billion for the quarter, also beat analysts' expectation of INR 140 billion.

 

Axis Bank reported a total income of INR 385 billion for the December quarter, up 4% on year. The lender's total income was up 2% on quarter.

 

Axis Bank's operating expenses rose nearly 7% on year to INR 96.37 billion in the December quarter, though they declined 3% sequentially. The moderation on quarter was aided by a sharp fall in provisions, which stood at INR 22.46 billion, up 4% on year but down nearly 37% from the September quarter.

 

Fresh slippages increased 10% on year to INR 60.07 billion in the reporting quarter and were up 5% sequentially from INR 57 billion. The bank's provision coverage ratio stood at 70% as of Dec. 31, unchanged from the trailing quarter but lower than 76% a year ago. Axis Bank's Basel-III capital adequacy ratio at the end of December was 16.55%, unchanged from the end of September. The lender's capital adequacy ratio at the end of December 2024 was 17.01%.

 

Axis Bank said stabilisation in retail asset quality and lower retail net slippages helped to keep the overall asset quality steady. Its gross non-performing asset ratio declined to 1.40% as of Dec. 31 from 1.46% both a quarter ago and a year ago. On a net basis, however, the non-performing asset ratio edged up to 0.42% from 0.35% a year ago, though it improved from 0.44% at the end of September. During the quarter, the bank reported recoveries and upgrades worth INR 28.72 billion while write-offs stood at INR 32.75 billion.

 

Business growth remained steady, with net advances and deposits rising 14% and 15%, respectively, to INR 11.59 trillion and INR 12.61 trillion as of Dec. 31. The current account savings account ratio was unchanged on year at 39%. The bank's cost of funds eased to 5.07% in the December quarter from 5.46% a year ago.

 

For the nine months ended December, Axis Bank's net profit declined nearly 10% on year to INR 173.85 billion, weighed down by a 52% jump in provisions. Total income for the period rose 4% to INR 1.14 trillion. The bank announced its results Monday, when markets were shut for Republic Day. Its shares had ended 2.8% lower Friday at INR 1,258 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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