Axis Bank's Consolidated Net Profit Rises 22.24% To ₹7,632.31 Crore In Q1
· Free Press Journal
Mumbai: Axis Bank Ltd announced on Thursday its consolidated net profit increased to ₹7,632.31 crore for the first quarter of the financial year 2026-27, compared to ₹6,243.72 crore in the quarter ended 30 June 2025.
Total Income Growth
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The bank's total consolidated income for Q1 FY27 stood at ₹43,212.82 crore. This marks an increase from ₹40,401.00 crore reported in the corresponding quarter of the previous fiscal year.
Q1 FY27 Earnings Week Begins With 70 Companies, Reliance Industries, HDFC Bank, ICICI Bank, Axis Bank Among Key ResultsInterest Earned
Interest earned by the group reached ₹35,541.96 crore for the quarter ended 30 June 2026. This is an increase from ₹32,348.31 crore in the year-ago quarter.
Operating Profit
Consolidated operating profit before provisions and contingencies for Q1 FY27 was ₹12,498.75 crore. This is higher than the ₹12,213.89 crore reported in Q1 FY26.
Provisions and Contingencies
Provisions (other than tax) and contingencies decreased to ₹2,337.47 crore in Q1 FY27. This is a reduction from ₹4,034.19 crore in the same period last year. The bank made an additional one-time provision of ₹2,001 crore for standard assets in Q4 FY26, which was not drawn down in Q1 FY27.
Axis Bank Loses Three Senior Executives Amid Leadership ReshuffleEarnings Per Share
Consolidated basic earnings per share (EPS) for the quarter ended 30 June 2026 stood at ₹24.55. This is up from ₹20.15 in the corresponding period of the previous year.
Subsidiary Equity Infusion
During the quarter, Axis Bank infused ₹1,499.26 crore in Axis Finance Limited, a wholly-owned subsidiary. Additionally, the bank invested ₹380.60 crore in equity shares of Axis Max Life Insurance Limited.
Axis Finance Ltd Ownership Dilution
Effective July 13, 2026, Axis Bank's ownership in Axis Finance Limited was diluted from 100% to 94.92%. This occurred after Axis Finance Limited allotted fresh equity shares worth USD 50 crore to Kedaara Pearl Holding and Kedaara Capital Fund IV AIF.
Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.