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Axis Bank Ltd
NSE: AXISBANK BSE: 532215 INE238A01034 Financial Services Bank 🔎 Screen
NIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY Bank Fin. Services
₹385,222 Cr
Market Cap
1.80
P/B
3.60%
NIM
13.1%
ROE
1.28%
GNPA
3.5%
Fin. Margin
-12.6%
% from 52W High
63
α RS
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Incorporated in December 1993, Axis Bank Limited is a private sector bank.It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City.

✓ Strengths 2
  • Company has delivered good profit growth of 29.6% CAGR over last 5 years
  • Company's working capital requirements have reduced from 73.7 days to 43.2 days
! Concerns 5
  • Company has low interest coverage ratio.
  • Promoter holding is low: 7.87%
  • Contingent liabilities of Rs.31,22,124 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.29,292 Cr.
Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
📊 Quick Scorecard
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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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Strong beat: PAT up 23% YoY driven by core operating profit growth and stable asset quality with market share gains. quarter Investor Presentation One-Pager? Jun 2026
Net Interest Income
₹14,646 Cr
+8% YoY, NIM 3.46%
Cost to Assets
2.20%
down 21 bps YoY, 8 bps QoQ
PAT
₹7,114 Cr
+23% YoY
GNPA Ratio
1.28%
down 29 bps YoY, 0 bps QoQ
What Went Right
  • PAT up 23% YoY to ₹7,114 Cr on core operating profit up 10% YoY to ₹11,122 Cr with positive operating jaws.
  • Deposits and advances grew 18% and 19% YoY respectively, with corporate loans surging 38% YoY and SME up 25% YoY.
  • Asset quality improved: GNPA down 29 bps YoY to 1.28%, net slippage ratio down 121 bps YoY to 1.12%, net credit cost down 75 bps to 0.63%.
  • CET-1 ratio strengthened 26 bps QoQ to 14.64%, with additional buffer of ~52 bps from provisions.
  • Digital leadership maintained: UPI market share ~38%, credit cards in-force market share ~13.4%, Axis Mobile rating 4.8 on both app stores.
What to Watch
  • Fee income growth slowed to 7% YoY (₹6,156 Cr), with retail fees rising only 2% YoY, dragged by lower credit card and payments fee.
  • Net Interest Margin compressed 34 bps YoY and 16 bps QoQ to 3.46%, impacted by interest reversal and spread compression despite lower cost of funds.
  • Operating profit reported grew just 1% YoY due to a 62% plunge in trading income (₹537 Cr vs ₹1,420 Cr), masking core strength.
  • CASA ratio declined to 38% from 40% a year ago as term deposits grew 23% YoY outpacing CASA growth of 11% YoY.
  • Net slippages remained elevated at ₹2,479 Cr (adjusted for recoveries from written-off), though improved YoY; retail slippages constituted ₹2,614 Cr.
Investor Lens
Thesis remains intact; Axis Bank delivered a clean beat with robust loan/deposit growth, improving asset quality, and strong capital ratios. The 23% PAT growth was supported by core operating profit expansion and lower credit costs. However, NIM compression and modest fee growth—especially retail—are near-term concerns. The bank's heavy investment in digital/AI and branch expansion may keep opex elevated, though cost-to-assets improved. The healthy provisioning buffer (₹15,608 Cr standard + additional) provides downside protection. Key next quarter watchpoints: NIM trajectory (further compression risk), retail fee recovery, and credit cost trends (current low level sustainable?). Overall, a solid quarter that reinforces Axis's franchise strength, but revenue growth needs to accelerate to sustain ROE improvement above 14%.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Net profit jumps 22% YoY on steady revenue and margin performance.
Revenue
Revenue rose 9.9% YoY to ₹35,542 Cr, with a 4% sequential increase. Other income stood at ₹7,671 Cr, supporting top-line growth.
Profitability
Net profit surged 22.2% YoY to ₹7,670 Cr, though QoQ growth was modest at 0.4%. EPS improved to ₹24.54 from ₹20.13, and ROE stood at 13.1%.
Margins
Financing margin held steady at 7% YoY but inched up 1% QoQ, indicating stable net interest margins in a competitive environment.
Cash Flow
Skip — not applicable for banking/financial companies
Balance Sheet
Specific details on deposits, advances, and capital adequacy were not disclosed in this release. Generally, Axis Bank maintains a robust balance sheet.
Key Risks
Key risks include potential net interest margin compression from rate cuts, asset quality pressures in unsecured retail loans, and regulatory changes affecting capital or provisioning.
Outlook
The bank is expected to sustain loan growth while focusing on fee income and cost management. Maintaining margin stability and credit quality will be critical going forward.
Generated by AI · Jun 2026 results · Not investment advice
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Revenue by Segment

Segment Q3FY26 Q4FY26 Trend
Corporate/Wholesale Banking
13,535
13,718
Other Banking Business
1,505
1,936
Retail Banking - Digital Banking
10,144
10,303
Retail Banking - Others
27,800
27,775
Treasury
8,281
7,762
Total 61,266 61,493

Source: NSE Integrated Filing XBRL (Reg. 33 Ind AS). Values in ₹ Crore.

🏦 Banking KPIs

NIM, GNPA, CASA, CAR, ROA, ROE and more — extracted from investor presentations
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📊 Analysis Methodology

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Investment Risk:
Investing in securities, including equities and mutual funds, involves inherent risks, including the potential loss of principal. All investments are subject to market fluctuations, regulatory changes, and other risks that may affect their value. Past performance is not indicative of future results. This report is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

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