Axis Bank Limited Q2 FY2027 Results
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Overview
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Detailed Analysis
Sentiment
Positive
Executive Summary
Axis Bank Q2 FY2027: Revenue ₹45,674.37 Cr (vs ₹39,769.85 Cr YoY), PAT ₹7,704.67 Cr (vs ₹5,527.85 Cr YoY)
In Q2 FY2027 Axis Bank Group reported consolidated total income of ₹45,674.37 Cr and consolidated PAT of ₹7,704.67 Cr, both higher YoY versus Q2 FY2026; operating profit rose to ₹12,109.11 Cr for the quarter. Loan book growth continued with advances at ₹14,31,452.73 Cr as of 30.09.2026 and deposits increased to ₹14,50,287.83 Cr, supporting net interest income expansion. The bank made a ₹25.49 Cr equity infusion into Freecharge Business and Technology Services Limited during the quarter and continues to publish Pillar 3 disclosures on its website. Asset quality showed improvement in GNPA ratio...Total income (consolidated) Q2 FY2027Page 8
₹45,674.37 Crvs ₹39,769.85 in Q2 FY2026
Consolidated Net Profit Q2 FY2027Page 8
₹7,704.67 Crvs ₹5,527.85 in Q2 FY2026
Operating profit (consolidated) Q2 FY2027Page 8
₹12,109.11 Crvs ₹11,138.49 in Q2 FY2026
Basic EPS (consolidated) Q2 FY2027Page 8
₹24.76vs ₹17.82 in Q2 FY2026
Advances (consolidated) as on 30.09.2026Page 9
₹14,31,452.73 Crvs ₹11,61,625.74 as on 30.09.2025
Deposits (consolidated) as on 30.09.2026Page 9
₹14,50,287.83 Crvs ₹12,01,655.60 as on 30.09.2025
Gross NPA (standalone) as on 30.09.2026Page 2
₹16,777.52 Crvs ₹17,307.74
Key Highlights
10
Group total income grew to ₹45,674.37 Cr in Q2 FY2027 driven by higher interest income and other income
Consolidated PAT rose to ₹7,704.67 Cr in Q2 FY2027 from ₹5,527.85 Cr a year ago, supported by lower provisions
Operating profit before provisions increased to ₹12,109.11 Cr in Q2 FY2027, reflecting margin expansion and cost control
Advances expanded to ₹14,31,452.73 Cr as on 30.09.2026, signalling continued loan book growth YoY
Deposits increased to ₹14,50,287.83 Cr as on 30.09.2026, providing funding support for asset growth
Gross NPA ratio improved to 1.16% as at 30.09.2026 from 1.46% a year earlier, indicating better asset quality
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Key Highlights
10
Group total income grew to ₹45,674.37 Cr in Q2 FY2027 driven by higher interest income and other income
Consolidated PAT rose to ₹7,704.67 Cr in Q2 FY2027 from ₹5,527.85 Cr a year ago, supported by lower provisions
Operating profit before provisions increased to ₹12,109.11 Cr in Q2 FY2027, reflecting margin expansion and cost control
Advances expanded to ₹14,31,452.73 Cr as on 30.09.2026, signalling continued loan book growth YoY
Deposits increased to ₹14,50,287.83 Cr as on 30.09.2026, providing funding support for asset growth
Provisions (net) were ₹1,757.46 Cr in Q2 FY2027 (consolidated) versus ₹3,642.55 Cr a year ago, aiding profit conversion
Gross NPA ratio improved to 1.16% as at 30.09.2026 from 1.46% a year earlier, indicating better asset quality
Retail banking remains the largest revenue driver with Retail segment revenue at ₹42,267.52 Cr in Q2 FY2027 (group)
Bank invested ₹25.49 Cr equity into Freecharge Business and Technology Services Limited during the quarter
Pillar 3 disclosures including leverage and LCR/NSFR will be made available on the Bank's website (not reviewed)
Guidance & Outlook
4
Bank will publish Pillar 3 disclosures (leverage ratio, LCR, NSFR) on its website as required under Basel III
Bank continues to support digital/retail growth (digital banking sub-segment highlighted) and expects customer franchise expansion
Management will consider write-back of one-time standard provision for declassified PSL loans when loans regularise (timing per note)
Board approved the Q2 FY2027 results at its meeting held today (17 October 2026), signalling management confidence in disclosures
Risks & Concerns
5
Provisions remain a volatility risk
consolidated provisions were ₹1,757.46 Cr in Q2 FY2027 but were ₹3,642.55 Cr in Q2 FY2026
“Provisions (other than tax) and Contingencies (Net) 1,757.46 2,337.47 3,642.55” — page 8
Concentration in project under implementation book
One-time standard asset provision of ₹1,231 Cr taken in Q2 FY2026 for declassified PSL loans introduces potential reversal timing risk
Reliance on wholesale borrowings increased
Exposure to co-lending partners (₹18.56 Cr aggregate outstanding) and high weighted average interest (16.60%) may carry credit risk
AI-generated analysis. May contain inaccuracies — verify against original sources.