INSUBCONTINENT EXCLUSIVE:
Private lender Axis Bank has reported a 4% fall in its standalone net profit at Rs 5,806 crore in the first quarter of FY26
The same stood at Rs 6,035 crore in the year-ago period.The net interest income for the reporting period was flat at Rs 13,560
crore.Operating profit (before provisions and contingencies) grew 14% YoY to Rs 11,515 crore from Rs 10,106 crore in the same period last
However, provisions nearly doubled YoY, rising to Rs 3,948 crore in Q1FY26 from Rs 2,039 crore in Q1FY25.The Bank holds cumulative
provisions (standard + additional other than NPA) of Rs 11,760 crores at the end of Q1FY26
It is pertinent to note that this is over and above the NPA provisioning included in PCR calculations
These cumulative provisions translate to a standard asset coverage of 1.12% as on 30 June 2025.On an aggregated basis, the Bank's provision
coverage ratio (including specific + standard + additional) stands at 138% of GNPA as on June 30
Credit cost (annualized) for the quarter stood at 1.38%.
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ETMarkets.comThe prudent application of technical parameters for
recognizing slippages and consequent upgrades impacted reported asset quality parameters including provisions and contingencies for the
quarter, the Bank said.Technical impact is largely restricted to cash credit and overdraft products and one time settled accounts
Rs 821 crore of provisions and contingencies debited to the profit and loss account is attributable to technical impact.The net interest
margin (NIM) for the first quarter stood at 3.8%.Fee income for Q1FY26 rose 10% YOY to Rs 5,746 crore
Fee from Third Party Products jumped 30% YoY
The corporate and commercial banking fee together grew 13% YoY to Rs 1,695 crore
The trading income gain for the quarter stood at Rs 1,420 crore, while miscellaneous income was at Rs 92 crore
balance sheet grew 9% year-on-year (YoY) to Rs 16.03 lakh crore as on June 30, 2025
Total deposits also rose 9% YoY, with current account deposits up 9%, savings account deposits up 3%, and term deposits up 12% on a
The CASA ratio stood at 40% at the end of the quarter.On a quarterly average basis (QAB), total deposits rose 8% YoY, led by 1% growth in
Within this, retail loans grew 6% YoY to Rs 6.23 lakh crore, forming 59% of total net advances
Of the retail book, around 72% was secured.On Friday, Axis Bank shares closed 0.6% lower at Rs 1,161 on NSE.
