Axis Bank reported a 3.94 per cent YoY profit decline in the first quarter of the financial year 2026. The bank’s profit slipped from Rs 6,034.64 crore in Q1FY25 to Rs 5,806.14 crore in Q1FY26. The bank reported a Rs 228.5 crore YoY decline in its profit in Q1FY26.
Furthermore, the bank’s total income in the Q1FY26 stood at Rs 38,321.57 crore. Its income in the Q1FY25 was Rs 35,844.22 crore.
The Bank’s Net Interest Income (NII) went up by 1 per cent YOY to Rs 13,560 crore. Net Interest Margin (NIM) for Q1FY26, meanwhile, stood at 3.80 per cent.
Axis Bank’s business growth in Q1
Axis Bank reported a 9 per cent YoY growth in its balance sheet in Q1. The bank’s balance sheet stood at Rs 16,03,308 crores at the end of Q1. The bank’s total deposits grew by 9 per cent YoY.
Axis Bank’s current account deposits grew by 9 per cent, and savings account deposits grew by 3 per cent. Additionally, the bank’s term deposits grew 12 per cent YoY.
Axis Bank’s advances grew by 8 per cent YoY and 2 per cent QoQ. The total advances of the bank stood at Rs 10,59,724 crores at QFY26 end. The bank’s retail loans, which account for 59 per cent of net advances, grew by 6% YOY to 6,22,960 crores
Performance of subsidiaries
Axis Bank’s subsidiary companies reported a 4 per cent YoY growth in PAT in Q1FY26. The subsidiary companies reported a total of Rs 451 crore PAT in Q1FY26.
Axis Finance, the key subsidiary of the bank, reported a 23 per cent YoY PAT growth. The company’s PAT grew from Rs 154 crore in Q1FY25 to Rs 189 crore in Q1FY26. Additionally, the subsidiary’s retail book grew by 26 per cent YoY in the quarter, amounting to 47 per cent of the total loans.
Axis Securities reported a total of Rs 360 crore in revenue in Q1FY26. The company posted a PAT of Rs 89 crore in the quarter. Additionally, Axis AMC reported Rs 130 PAT in Q1FY26, growing by 12 per cent YoY in the quarter. Its PAT in Q1FY25 was Rs 116 crore