• Q1 FY27
  • Quarter-1 Results 2026-27

Major Highlights for

Q1FY27

PAT up 23% YOY driven by positive operating jaws and stable asset quality;
Market share gains across deposits and advances, deposits up 18% YOY, advances up 19% YOY

Stable core operating performance


  • Operating profit at `11,659 crores, up 16% QOQ; Core operating profit at `11,122 crores, up 5% QOQ
  • Net Interest Income up 8% YOY, Net Interest Margin (NIM) at 3.46%
  • Fee income up 7% YOY; granular fee constituted 90% of overall fees; Retail fee up 2% YOY
  • Cost to assets at 2.20%, declined 21 bps YOY and 8 bps QOQ

Robust deposit growth delivered across average and period end balances

  • YOY QAB1 | MEB1 basis, total deposits grew 18% | 18%; term deposits grew 21% | 23%, CA grew 13% | 6%, SA grew 14% | 14%, respectively
  • QOQ QAB1 | MEB1 basis total deposits grew 6% | 3%, term deposits grew 7% | 5%, CA grew 3% | -6%, SA grew 6% | 1%, respectively
  • QAB1 | MEB1 CASA grew 13% | 11% YOY and 5% | -1% QOQ, with CASA ratio at 37% | 38%, respectively
  • Cost of funds decreased by 35 bps YOY and 2 bps QOQ

Strong loan growth delivered


  • Advances grew 19% YOY & 2% QOQ; Bank's focus segments2 grew by 18% YOY and 2% QOQ
  • SBB2+SME+MC at `3,061 bn | 24% of total loans, up ~911 bps in last 5 years
  • SME loans up 25% YOY and 3% QOQ, Corporate loans up 38% YOY and 5% QOQ of which Mid-Corporate (MC) up 27% YOY and 10% QOQ
  • Retail loans grew 8% YOY of which SBB book grew 18% YOY and 2% QOQ. Retail disbursements grew 18% YOY

Well capitalized with adequate liquidity buffers

  • Overall capital adequacy ratio (CAR) stood at 16.67%, CET 1 ratio at 14.64%
  • Additional cushion of ~52 bps over the reported CAR, attributable to other provisions and one-time standard asset provision aggregating `8,244 crores
  • Excess SLR of `1,41,700 crores
  • Avg. LCR during Q1FY27 was ~119%

Continue to maintain our strong position in Payments and Digital Banking

  • Maintaining our market leading position in UPI Payer PSP space with a market share of ~ 38%3, with lowest technical declines4
  • Continues to be amongst the largest players in Merchant Acquiring business in India with a terminal market share of 22.1%5 
  • Acquired 0.9mn cards in Q1FY27, having a market share of ~13.4%5 on the Cards in force
  • Axis Mobile app continue to be among the top-rated mobile banking app on Google Play store and iOS store with a rating of 4.8 on both, with ~16 mn MAU6

Stable Asset Quality



  • GNPA at 1.28% down 29 bps YOY, NNPA at 0.39% down 6 bps YOY
  • PCR healthy at 70%, Coverage7 ratio at 161% up 2,318 bps YOY
  • Gross slippage ratio8 at 1.79% down 134 bps YOY, Net slippage ratio8 at 1.12% down 121 bps YOY
  • Net credit cost8 at 0.63%, down 75 bps YOY

Key subsidiaries delivered healthy performance

  • Total Q1FY27 PAT of domestic subsidiaries at `546 crores up 21% YOY; Return on investments of ~ 41% in domestic subsidiaries
  • Axis Finance Q1FY27 PAT at `244 crores up 29% YOY, Stable asset quality metrics with net NPA at 0.39%
  • Axis AMC's Q1FY27 PAT at `134 crores up 3% YOY, Axis Securities Q1FY27 PAT at `96 crores up 8% YOY
  • Axis Capital Q1FY27 PAT at `65 crores up 72% YOY; executed 8 ECM and 3 non-ECM deals in Q1FY27

Q1FY27 Consolidated ROE (annualized) at 14.52%, up 95 bps YOY, with subsidiaries contributing 36 bps

1 QAB: Quarterly Average Balance; MEB: Month End Balance;
2 Bank's focus segments include Small Business Banking (SBB), Small & Medium Enterprises (SME), Mid Corporate, Rural, Personal Loans (PL) and Credit Card Advances
3 Market share by volume for Q1Y27;
4 NPCI data for top 50 UPI Remitter Members, last 12 months average as of June'26;
5 Based on RBI data as of May'26;
6 MAU: Monthly Active Users engaging in financial & non-financial transactions;
7 Coverage Ratio = Aggregate provisions (specific + standard + additional + other contingencies) / IRAC GNPA;
8 Annualized

Key Metrics for Q1FY27

Snapshot (As on June 30th, 2026) (in ` Crores)

Profit & Loss Absolute (in ` Crores) YOY Growth QOQ
  Q1FY27 Q1FY26 Q4FY26    
Net Interest Income 14,646 13,560 14,457 8% 1%
Fee Income 6,156 5,746 6,561 7% (6%)
Operating Expenses 9,722 9,303 10,466 5% (7%)
Operating Profit 11,659 11,515 10,013 1% 16%
Core Operating Profit 11,122 10,095 10,619 10% 5%
Profit after Tax 7,114 5,806 7,071 23% 1%
Balance Sheet Absolute (in ` Crores) YOY Growth
  Q1FY27  
Total Assets 19,21,966 20%
Net Advances 12,61,557 19%
Total Deposits 13,72,936 18%
Shareholders' Funds 2,11,693 15%

 

Key Ratios Absolute (in ` Crores)  
  Q1FY27 Q1FY26
Diluted EPS1 (in `) 91.24 74.75
Book Value per share (in `) 681 596
Standalone ROA1 1.51% 1.47%
Standalone ROE1 14.16% 13.14%
Cons ROA1 1.56% 1.51%
Cons ROE1 14.52% 13.57%
Gross NPA Ratio 1.28% 1.57%
Net NPA Ratio 0.39% 0.45%
Basel III Tier I CAR2 15.35% 15.10%
Basel III Total CAR2 16.67% 16.85%

1 Annualized 2 including profit after tax for the periods

Deposits 18% YOY 3   18% YOY 4
CASA

11% YOY 3 | 13% YOY 4

3 Month end balances 4 Quarterly average balance

Advances 19% YOY
Retail
SME
Corporate

8% YOY | 25% YOY | 38% YOY

Core Operating Profit (in ` Crores) 10% YOY
  • Q1FY27
    11,122
  • Q1FY26
    10,095
Profit After Tax (in ` Crores) 23% YOY
  • Q1FY27
    7,114
  • Q1FY26
    5,806

 

We have a very well distributed branch network

Domestic Branch Network* 7% YOY
  • Jun-26
    6,295
  • Mar-26
    6,275
  • Mar-25
    5,876
  • Mar-24
    5,377
  • Mar-23
    4,903

* Includes extension counters

Performance at a Glance

Performance at a Glance

Stable core operating performance

  • Operating profit at `11,659 crores, up 16% QOQ; Core operating profit at `11,122 crores, up 5% QOQ
  • Net Interest Income up 8% YOY, Net Interest Margin (NIM) at 3.46%

Robust deposit growth delivered across average and period end balances

  • QOQ QAB1 | MEB1 basis, total deposits up 6% | 3%; TD1 up 7% | 5%, CA up 3% | -6%, SA up 6% | 1%, respectively
  • QAB1 | MEB1 CASA grew 13% | 11% YOY and 5% | -1% QOQ
  • CASA ratio at 37% | 38% QAB and MEB, respectively
  • Cost of funds decreased by 35 bps YOY and 2 bps QOQ

Strong loan growth delivered

  • Advances grew 19% YOY and 2% QOQ; Bank’s focus segments2 grew by 18% YOY and 2% QOQ
  • SBB2+SME+MC at `3,061 bn | 24% of total loans, grew 24% YOY, up ~911 bps in the last 5 years
  • Retail loans grew 8% YOY of which SBB book grew 18% YOY and 2% QOQ, and Rural loans grew 16% YOY

Well capitalized with adequate liquidity buffers

  • Additional cushion of ~52 bps over the reported CAR, attributable to other provisions3 and one-time standard asset provision3 aggregating `8,244 crores
  • Excess SLR of `1,41,700 crores
  • Average LCR4 during Q1FY27 was ~ 119%

Continue to maintain our strong position in Payments and Digital Banking

  • Axis Mobile app continue to be among the world’s top rated5 Mobile banking app on Google Play store and iOS app store with a rating of 4.8 on both, with ~16 mn MAU6 
  • Continues to be amongst the largest player in Merchant Acquiring business with terminal market share7 of ~22.1%

Stable asset quality

  • GNPA at 1.28% down 29 bps YOY, NNPA at 0.39% down 6 bps YOY
  • PCR healthy at 70%; On an aggregated basis8, Coverage ratio at 161% up 2,318 bps YOY
  • Gross slippage ratio9 at 1.79%, down 134 bps YOY, Net slippage ratio9 at 1.12%, down 121 bps YOY
  • Net credit cost9 at 0.63%, down 75 bps YOY

Key domestic subsidiaries10 delivered healthy performance

  • Q1FY27 net profit at `546 crores up 21% YOY, with a return on investment in domestic subsidiaries of ~41%
  • Axis Finance Q1FY27 PAT at `244 crores up 29% YOY, Stable asset quality metrics with net NPA at 0.39%
  • Axis AMC’s Q1FY27 PAT at `134 crores up 3% YOY, Axis Securities Q1FY27 PAT at `96 crores up 8% YOY
  • Axis Capital Q1FY27 PAT at `65 crores up 72% YOY; executed 8 ECM and 3 non-ECM deals in Q1FY27

1 QAB: Quarterly Average Balance, MEB: Month End balance, TD: Term Deposits 
2 Bank’s focus segments include Small Business Banking (SBB), Small & Medium Enterprises, (SME), Mid Corporate, Rural, Personal Loans (PL) and Credit Card Advances;
3 not included in CAR calculation; 
4 Liquidity Coverage Ratio;
5 with 3.5mn+ reviews;  
6 Monthly active users, engaging in financial and non-financial transactions;
7 Based on RBI data as of May-26; 
8 (specific+ standard+ additional + other contingencies) / IRAC GNPA;
9 Annualized;  
10 Figures of subsidiaries are as per Indian GAAP, as used for consolidated financial statements of the Group

Copyright 2026 Axis Bank, India.