Axis Bank reported a mixed performance for the quarter ended March 31, 2026, with profit coming in slightly above analyst estimates, while net interest income (NII) fell short of expectations.
The bank posted a net profit of ₹7,071.3 crore for Q4 FY26, marginally higher than analyst estimates of ₹6,989 crore. However, profit declined 0.65% year-on-year compared to ₹7,117.5 crore reported in the same quarter last year.
Net interest income (NII) stood at ₹14,457 crore, missing analyst estimates of ₹14,721 crore. On a year-on-year basis, NII grew 4.7% from ₹13,811 crore, indicating moderate growth in core lending income.
On the asset quality front, Axis Bank reported improvement on a sequential basis. Gross non-performing assets (GNPA) declined to 1.23% from 1.40% in the previous quarter, while net non-performing assets (NNPA) improved to 0.37% from 0.42% QoQ.
The results reflect stable profitability with modest growth in core income, even as the bank continues to strengthen its balance sheet through improving asset quality metrics.
Disclaimer: This article is based solely on the information provided and is for informational purposes only. It does not constitute investment advice.