Axis Bank Q1 results: PAT rises over 22% to ₹7,114 crore, provisions drop 44% YoY in June quarter

NSE data showed that Axis Bank’s standalone net profit after tax (PAT) advanced 22.5% to ₹7,114 crore in the June quarter of the financial year ended 2026-27, compared year-on-year with ₹5,806 crore in the same period a year ago.

The data also showed that the private sector lender’s net interest income (NII) rose 9.4% to ₹33,985 crore in the first quarter of the current fiscal year, compared with ₹31,063 crore in the same period a year earlier, as per the financial statements.

Provisions down 44% YoY

Axis Bank’s provision for bad loans declined 43.6% to ₹2,222.54 crore in the period under review, from its ₹3,947.66 crore levels in the same quarter of the previous financial year, according to the exchange filing.

This fall in the private bank’s provisioning indicates that the company is likely expecting a continued reduction of non-performing assets (NPAs) in the upcoming period, which in turn resulted in cutting down the safety net of unpaid loans.

Non-performing assets (NPAs) are bad loans in which the borrowers have failed to make repayment of both the principal amount and the interest charged for a period of 90 days, after which these allocations are classified as bad debts or NPAs.

NSE filings showed that Axis Bank’s gross NPAs dropped to 1.28% in the first quarter, compared to 1.57% in the same quarter of the previous year, according to the standalone financial statements.

How have Axis Bank shares performed?

Axis Bank shares have delivered over 72% returns to investors in the last five years, 38% gains in the last three years, and 15% returns on their investment in the past one year period, according to NSE data.

On a year-to-date basis, the company shares were up 4% in the current calendar year, but the stock has lost 1.6% in the last one-month period, as per the exchange data. Axis Bank shares were trading 0.4% higher in the last five market sessions.

The private bank’s market capitalisation (m-cap) was at over ₹4.13 lakh crore as of the stock market close on Friday, July 17, 2026.