Axis Bank quarterly profit rises 37.6%, but misses estimates on higher costs

SENSEX 74,729.27

+ 413.66

NIFTY 23,146.15

+ 148.80

CRUDEOIL 9,570.00

+ 285.00

GOLD 147,903.00

+ 414.00

SILVER 211,286.00

+ 626.00

SENSEX 74,729.27

+ 413.66

NIFTY 23,146.15

+ 148.80

NIFTY 23,146.15

+ 148.80

CRUDEOIL 9,570.00

+ 285.00

CRUDEOIL 9,570.00

+ 285.00

GOLD 147,903.00

+ 414.00

'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth(); THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

Axis Bank, the country's third-largest private bank by assets, ‌posted a stand-alone net profit of ₹7,003 crore ($737.5 ‌million) for the quarter ended ‌on ⁠September 30

By Reuters

Updated - October 17, 2026 at 01:44 PM.

Axis Bank reported on ​Saturday a quarterly profit that narrowly missed ‌analyst expectations, as higher operating expenses ​and weaker other income ⁠offset robust credit growth and lower provisions. | Photo Credit: ANUSHREE FADNAVIS

Indian private-sector lender Axis Bank reported on ​Saturday a quarterly profit that narrowly missed ‌analyst expectations, as higher operating expenses ​and weaker other income ⁠offset robust credit growth and lower provisions.

Axis Bank, the country's third-largest private bank by assets, ‌posted a stand-alone net profit of ₹7,003 crore ($737.5 ‌million) for the quarter ended ‌on ⁠September 30, compared with ₹5,090 crore a year earlier.

• Analysts, on average, had forecast a profit of ₹7,124 crore, according ‌to LSEG-compiled data.
• Other income, which includes earnings from bonds and other investments, fell 1.4 per cent to ₹6,531 crore.
• Rising bond yields and ​volatility in the rupee during the quarter weighed on treasury ⁠income at the Mumbai-based lender, tempering earnings even as lending expanded across ‌segments.
• Banks across India reported strong loan growth during the quarter across corporate and retail portfolios.
• Net interest income grew 11.8 per cent to ₹15,371 crore, helped by a ‌23 per cent rise in total loans. Deposits increased ​20.7 per cent from a year earlier.
• Provisions for potential bad loans and ⁠other contingencies fell 52.2 per cent to ₹1,694 crore.
• The gross non-performing asset ratio stood at 1.16 per cent ‌at end-September, compared with 1.28 per cent three months earlier.

Published on October 17, 2026

Companies to follow

• Axis Bank Ltd

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.Sign into Unlock benefits!

• Access 10 free stories per month
• Get notified by email for early preview to new features, discounts & offers