In short: Axis Bank's Q2 FY27 net interest income rose 11.8% to ₹15,371 crore from a year earlier, and net profit rose 37.6% to ₹7,003 crore. Net interest margin was 3.36%, down 10 bps from the previous quarter. In the first trading session after the results (19 Oct), the median NAV change was −1.1% for banking & financial services funds, −0.6% for Nifty Bank index funds and ETFs and −1.1% for Nifty 50 index funds. Lower provisions drove the jump in profit from a year earlier, while FCNR(B) deposits lifted the balance sheet and cost 11 bps of margin.
What changed in Axis Bank's Q2 FY27 results
- Net interest income was ₹15,371 crore, up 11.8% from a year earlier and up 5.0% from the previous quarter.
- Net profit was ₹7,003 crore, up 37.6% from a year earlier and down 1.6% from the previous quarter.
- Operating profit before provisions was ₹11,083 crore, up 6.4% from a year earlier and down 4.9% from the previous quarter; provisions were ₹1,694 crore, against ₹3,547 crore a year earlier.
- Net interest margin was 3.36%, down 10 bps from the previous quarter and down 37 bps from a year earlier.
- Net advances were ₹13,73,727 crore, up 23.0% from a year earlier and up 8.9% from the previous quarter.
- Deposits were ₹14,52,066 crore, up 20.7% from a year earlier and up 5.8% from the previous quarter.
- Gross NPA ratio was 1.16%, against 1.28% in the previous quarter and 1.46% a year earlier; net NPA ratio was 0.35%, against 0.39% in the previous quarter and 0.44% a year earlier. Provision coverage was 70% (92% including technical write-offs).
- Credit cost for the quarter was 45 bps, as the bank reports it.
- Capital adequacy ratio was 16.27%, against 16.67% a quarter earlier and 16.55% a year earlier.
Axis Bank Q2 FY27 results at a glance
| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Net interest income (₹ crore) | 15,371 | 14,646 | 13,745 | +5.0% | +11.8% |
| Operating profit (₹ crore) | 11,083 | 11,659 | 10,413 | −4.9% | +6.4% |
| Provisions (₹ crore) | 1,694 | 2,223 | 3,547 | −23.8% | −52.2% |
| Net profit (₹ crore) | 7,003 | 7,114 | 5,090 | −1.6% | +37.6% |
| Net advances (₹ crore) | 13,73,727 | 12,61,557 | 11,16,703 | +8.9% | +23.0% |
| Deposits (₹ crore) | 14,52,066 | 13,72,936 | 12,03,487 | +5.8% | +20.7% |
| Net interest margin | 3.36% | 3.46% | 3.73% | −10 bps | −37 bps |
| Gross NPA ratio | 1.16% | 1.28% | 1.46% | −12 bps | −30 bps |
| Net NPA ratio | 0.35% | 0.39% | 0.44% | −4 bps | −9 bps |
| Capital adequacy ratio | 16.27% | 16.67% | 16.55% | −40 bps | −28 bps |
Genvest analysis
Net profit rose from a year earlier mainly because provisions fell to ₹1,694 crore from ₹3,547 crore; the year-ago figure included an additional one-time standard-asset provision of ₹1,231 crore. Against the June quarter, profit dipped as trading income fell to ₹85 crore from ₹537 crore. Core operating profit, which leaves out trading income, was ₹10,998 crore, up 11% from a year earlier. Fee income rose 6% to ₹6,381 crore.
The bank raised ₹1,01,800 crore of FCNR(B) deposits, the foreign-currency term deposits of non-resident Indians. Of that, ₹43,800 crore is backed by loans from its own international branches, which inflates both deposits and advances. Excluding those, deposits grew 17.0% from a year earlier and 2.6% in the quarter, and advances 19.1% and 5.4%. Current and savings accounts made up 36% of period-end deposits, against 40% a year earlier, or 38% excluding the FCNR(B) deposits backed by the bank's loans.
Net interest margin fell to 3.36%; the bank puts it at 3.47% excluding the impact of the FCNR(B) deposits. Operating expenses rose 9% from a year earlier to ₹10,819 crore, including a one-off charge the bank did not size; leaving out that charge and one-time write-backs in the June quarter, the bank puts cost growth from the June quarter at 6%, against 11% as reported.
Gross slippages fell to ₹4,762 crore, from ₹5,566 crore in the June quarter and ₹5,696 crore a year earlier. On top of its NPA provisions, the bank holds ₹15,860 crore of standard and additional provisions, which brings aggregate coverage to 164% of gross NPAs. The common equity tier 1 ratio was 14.61%.
How banking funds moved after Axis Bank's results
Median one-day change in NAV between 16 Oct and 19 Oct, across the Direct-Growth plans in each group (all units for ETFs). NAVs capture the whole day's market, not only one company's results. HDFC Bank and ICICI Bank also reported on 17 Oct, so the move reflects all three.
| Fund group | Median change | Funds |
|---|---|---|
| Banking & financial services funds | −1.13% | 25 |
| Nifty Bank index funds and ETFs | −0.64% | 24 |
| Nifty 50 index funds | −1.11% | 23 |
Source: AMFI daily NAVs.
What Axis Bank's results mean for fund investors
- Banking funds. Banks are the largest holdings of banking and financial services funds, and each bank moves these funds in proportion to its weight in them. The largest banks carry far more weight than mid-sized ones.
- Index funds. Financial services is the largest sector in the Nifty 50, so results from the biggest banks also reach Nifty 50 index funds.
- Overlap. If you hold several banking funds, or bank shares alongside them, check how concentrated you are with the portfolio analyzer.
Axis Bank Q2 FY27 results: questions
When did Axis Bank announce Q2 FY27 results?
Axis Bank announced its Q2 FY27 results on 17 October 2026.
What was Axis Bank's Q2 FY27 net profit?
Net profit was ₹7,003 crore, up 37.6% from a year earlier and down 1.6% from the previous quarter.
What was Axis Bank's Q2 FY27 net interest income?
Net interest income was ₹15,371 crore, up 11.8% from a year earlier and up 5.0% from the previous quarter.
What was Axis Bank's gross NPA in Q2 FY27?
Gross NPA ratio was 1.16%, against 1.28% in the previous quarter and 1.46% a year earlier; net NPA ratio was 0.35%, against 0.39% in the previous quarter and 0.44% a year earlier. Provision coverage was 70% (92% including technical write-offs).
What was Axis Bank's net interest margin in Q2 FY27?
Net interest margin was 3.36%, down 10 bps from the previous quarter and down 37 bps from a year earlier.
Other bank Q2 FY27 results
- RBL Bank Q2 FY27 results · 12 October 2026 · net profit +169.9% YoY
- HDFC Bank Q2 FY27 results · 17 October 2026 · net profit +4.7% YoY
- ICICI Bank Q2 FY27 results · 17 October 2026 · net profit +20.1% YoY
- Axis Bank Q2 FY27 results · 17 October 2026 · net profit +37.6% YoY
- IndusInd Bank Q2 FY27 results · 23 October 2026 · net profit against a ₹445 crore loss a year earlier
- Kotak Mahindra Bank Q2 FY27 results · 24 October 2026 · net profit +29.5% YoY
- IDFC First Bank Q2 FY27 results · 24 October 2026 · net profit +196.5% YoY
All bank Q2 FY27 results in one place
Sources
- Axis Bank: Q2 FY27 results, 17 October 2026
- Axis Bank: Q2 FY27 press release and investor presentation, 17 October 2026
- Axis Bank: Q1 FY27 results, 18 July 2026
- Axis Bank: intimation of board meeting, 17 September 2026
- AMFI daily NAVs, 19 Oct.
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