Axis Bank Q2 Results: Net profit jumps 38% YoY to Rs 7,003 crore, NII rises 12%

The net slippage ratio declined 30 bps YoY to 0.75%.Advances grew 23% YoY and 9% quarter-on-quarter (QoQ), the lender said in a regulatory filing. Axis Bank’s operating profit rose 6% year-on-year (YoY) to Rs 11,083 crore in Q2FY27, while core operating profit increased 11% YoY to Rs 10,998 crore.Provisions and contingencies for the second quarter came in at Rs 1,694 crore, including specific loan loss provisions of Rs 1,564 crore.

As of September 30, 2026, the bank held cumulative provisions of Rs 15,860 crore towards standard and additional provisions other than non-performing assets (NPAs). These provisions are over and above the NPA provisions included in the bank’s provision coverage ratio (PCR) calculations, the lender said in a regulatory filing.Live EventsAxis Bank H1FY27 performanceAxis Bank’s net interest income (NII) for H1FY27 rose 10% year-on-year (YoY) to Rs 30,018 crore, while fee income grew 6% to Rs 12,536 crore.

Operating profit increased 4% to Rs 22,742 crore from Rs 21,928 crore it posted in H1FY26, while core operating profit rose 11% to Rs 22,120 crore from Rs 20,010 crore.Net profit increased 30% YoY to Rs 14,117 crore from Rs 10,896 crore in the same period of the previous financial year.Axis Bank had mobilised $10.62 billion in FCNR (B) deposits as of September 30, a portion of which was used to reduce non-retail term deposits during the quarter, leading to an 8.6% sequential decline in the latter.The bank also issued standby letters of credit to other lenders against loans backed by FCNR (B) deposits.

The amount stood at $4.69 billion.Amitabh Chaudhry, MD & CEO, Axis Bank, said: “As customer expectations continue to evolve, our focus remains on building a franchise that combines innovation, trust and execution at scale. This quarter, we built on our leadership in digital payments and secure banking while advancing our technology agenda through AI-driven innovation and strategic partnerships.”(You can now subscribe to our ETMarkets WhatsApp channel)