Financial Services · NSE: AXISBANK
Axis Bank
Q2 FY27 · From the investor presentation
- M.Cap
- ₹4,18,111Cr₹4.18L Cr
- P/E
- 14.0×
- 1Y return
- +9.93%
- From 52W high
- −5.3%
Highlights are read by AI from the company's filing and can contain mistakes. Check the source page linked to each line.
Share price
Results Q2 FY27, as filed · consolidated · ₹ Cr
| Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ | |
|---|---|---|---|---|---|
| Interest earned | 38,087 | 32,310 | +17.9% | 35,542 | +7.2% |
| Net interest income | 16,155 | 14,338 | +12.7% | 15,327 | +5.4% |
| Operating profit | 12,109 | 11,138 | +8.7% | 12,499 | -3.1% |
| Net profit | 7,705 | 5,528 | +39.4% | 7,632 | +0.9% |
| EPS (₹) | 24.63 | 17.72 | +39.0% | 24.41 | +0.9% |
From the company's own results filing on NSE. Net profit is the owners' share. Growth and the dotted lines are worked out from the filed figures.
More figures from the presentation
“Planting 8 million saplings by FY 2030 across India towards contributing to”
“Incremental financing of Rs. 60,000 Crores under Wholesale Banking to”
“The Bank’s overall distribution network stands at 6,414 domestic branches and extension counters along with 353 Business”
“60+ marquee mandates across ECM, M&A, PE/Pre IPO, and InvITs/REITs”
In short
- 01Q2 FY27 profit after tax rose 38% year on year to Rs 7,003 crore, with net interest income up 12%.
- 02Deposits grew 21% and advances 23% year on year; excluding FCNR (B)-backed loans, advances grew 19%.
- 03The bank raised Rs 1,018 bn of FCNR (B) deposits; NIM was 3.36%, or 3.47% excluding the FCNR (B) impact.
- 04Gross NPA fell to 1.16% and net NPA to 0.35%; net credit cost was 0.45%.
- 05CET-1 ratio was 14.61% and total capital adequacy 16.27%, with a further ~49 bps cushion from provisions.
- 06The bank says new credit costs should be lower this cycle than in the previous cycle.
- 07Domestic subsidiaries earned Rs 1,210 crore in H1 FY27, up 29% year on year.
Capacity
Calibrated approach to new branch additions in focused regions
Slides · p. 38
Calibrated approach to new branch additions in focused regions
“Calibrated approach towards new branch additions across focused regions”
Segments
Retail: Retail loans up 16% YOY; SBB book up 21%; retail disbursements up 22%
Slides · p. 2
Retail: Retail loans up 16% YOY; SBB book up 21%; retail disbursements up 22%
“Retail loans grew 16% YOY and 10% QOQ, of which SBB book grew 21% YOY and Retail disbursements grew 22% YOY”
SME and Corporate: SME loans up 25% YOY, corporate loans up 34%, mid-corporate up 29%
Slides · p. 2
SME and Corporate: SME loans up 25% YOY, corporate loans up 34%, mid-corporate up 29%
“YOY | QOQ basis, SME loans up 25% | 9%, Corporate loans up 34% | 8% of which Mid-Corporate loans up 29% | 9%”
Domestic subsidiaries: Domestic subsidiaries H1 FY27 profit Rs 1,210 crore, up 29% YOY
Slides · p. 3
Domestic subsidiaries: Domestic subsidiaries H1 FY27 profit Rs 1,210 crore, up 29% YOY
“H1FY27 net profit at `1,210 crores up 29% YOY, with a return on investment in domestic subsidiaries of ~45%”
Axis Finance: Axis Finance H1 FY27 PAT Rs 546 crore, up 42% YOY; net NPA 0.35%
Slides · p. 3
Axis Finance: Axis Finance H1 FY27 PAT Rs 546 crore, up 42% YOY; net NPA 0.35%
“Axis Finance H1FY27 PAT at ₹546 crores up 42% YOY, Stable asset quality metrics with net NPA at 0.35%”
Axis AMC, Axis Securities: Axis AMC H1 FY27 PAT Rs 370 crore, up 36%; Axis Securities Rs 191 crore, up 9%
Slides · p. 3
Axis AMC, Axis Securities: Axis AMC H1 FY27 PAT Rs 370 crore, up 36%; Axis Securities Rs 191 crore, up 9%
“Axis AMC’s H1FY27 PAT at ₹370 crores up 36% YOY, Axis Securities H1FY27 PAT at ₹191 crores up 9% YOY”
Margins and costs
NIM at 3.36%; 3.47% excluding FCNR (B) impact
Slides · p. 3
NIM at 3.36%; 3.47% excluding FCNR (B) impact
“Net Interest Margin (NIM) at 3.36%; and excl. of FCNR (B) impact NIM at 3.47%”
Cost to assets at 2.14%, down 6 bps QOQ and 24 bps YOY
Slides · p. 2
Cost to assets at 2.14%, down 6 bps QOQ and 24 bps YOY
“Cost to assets at 2.14%, declined 6 bps QOQ and 24 bps YOY, delivered positive jaws on core operating revenue”
Operating cost grew 9% YOY in Q2 FY27
Slides · p. 4
Operating cost grew 9% YOY in Q2 FY27
“Operating cost grew 9% YOY in Q2FY27.”
Technology expenses about 10% of total opex in Q2 FY27
Slides · p. 23
Technology expenses about 10% of total opex in Q2 FY27
“Technology expenses are ~10% of total opex for Q2FY27”
Cost of funds down 8 bps YOY
Slides · p. 3
Cost of funds down 8 bps YOY
“Cost of funds decreased by 8 bps YOY”
Debt and working capital
Raised Rs 1,018 bn of FCNR (B) deposits, Rs 438 bn backed by advances from overseas branches
Slides · p. 2
Raised Rs 1,018 bn of FCNR (B) deposits, Rs 438 bn backed by advances from overseas branches
“Raised FCNR (B) deposits of ₹1,018 bn, incl. ₹438 bn backed by advances from Bank’s international branches and ₹449 bn”
CET-1 at 14.61%, up 23 bps in H1 FY27; total CAR at 16.27%
Slides · p. 2
CET-1 at 14.61%, up 23 bps in H1 FY27; total CAR at 16.27%
“CET-1 ratio at 14.61%, accreted 23 bps to CET-1 in H1FY27, capital adequacy ratio (CAR) stood at 16.27%”
~49 bps cushion over reported CAR from Rs 8,006 crore of other provisions
Slides · p. 14
~49 bps cushion over reported CAR from Rs 8,006 crore of other provisions
“Additional cushion of ~49 bps over the reported CAR, attributable to other provisions and one-time standard asset provision aggregating ₹8,006 crores”
Excess SLR of Rs 1,04,306 crore
Slides · p. 27
Excess SLR of Rs 1,04,306 crore
“The Bank holds excess SLR of `1,04,306 crores”
Average LCR in Q2 FY27 at about 119%
Slides · p. 3
Average LCR in Q2 FY27 at about 119%
“Average LCR during Q2FY27 was ~ 119%”
Acquisitions and new business
Freecharge: Freecharge got RBI in-principle approval as payment aggregator and gateway
Slides · p. 69
Freecharge: Freecharge got RBI in-principle approval as payment aggregator and gateway
“Received in-principal approval from RBI to operate as PAPG”
Credit Cards: First Indian bank to bring Apple Pay to its credit card customers
Slides · p. 2
Credit Cards: First Indian bank to bring Apple Pay to its credit card customers
“Reinforcing its leadership in digital payments and secure banking, Axis Bank became the first Indian bank to bring Apple Pay to its credit”
One-offs
Opex growth normalised for a one-off charge this quarter and write-backs last quarter
Slides · p. 23
Opex growth normalised for a one-off charge this quarter and write-backs last quarter
“2. Normalized opex % change excluding one off charge in current quarter versus one-time write-back items in previous quarter”
Additional one-time standard asset provision of Rs 1,231 crore (footnote)
Slides · p. 56
Additional one-time standard asset provision of Rs 1,231 crore (footnote)
“3 includes additional one-time standard asset provision of `1,231 crores”
Additional one-time provision of Rs 2,001 crore for standard assets (footnote)
Slides · p. 56
Additional one-time provision of Rs 2,001 crore for standard assets (footnote)
“2 Includes an additional one-time provision of ₹2,001 crores under prudent provisioning framework for standard assets”
Risks
GNPA at 1.16%, NNPA at 0.35%, net slippage ratio at 0.75%
Slides · p. 2
GNPA at 1.16%, NNPA at 0.35%, net slippage ratio at 0.75%
“GNPA at 1.16% down 30 bps YOY, NNPA at 0.35% down 9 bps YOY, net slippage ratio at 0.75% down 30 bps YOY”
Net credit cost at 0.45%, down 28 bps YOY and 18 bps QOQ
Slides · p. 3
Net credit cost at 0.45%, down 28 bps YOY and 18 bps QOQ
“Net credit cost at 0.45%, down 28 bps YOY and 18 bps QOQ”
PCR at 70%; aggregate coverage ratio at 164%
Slides · p. 3
PCR at 70%; aggregate coverage ratio at 164%
“PCR healthy at 70%; On an aggregated basis, Coverage ratio at 164% up 17% YOY”
Wholesale: New credit costs should be lower this cycle than the previous cycle
Slides · p. 76
Wholesale: New credit costs should be lower this cycle than the previous cycle
“Given quality and granularity of the wholesale book, the new credit costs GNPA NNPA should be lower for this cycle as compared to previous cycle”
Provisioning now 15% to 20% higher than before, to be factored in short term
Slides · p. 76
Provisioning now 15% to 20% higher than before, to be factored in short term
“Provisioning rules tightened and rule based, PCR an outcome: We now operate at 15% to 20% higher than where we”
Other
Q2 FY27 PAT up 38% YOY to Rs 7,003 crore; NII up 12% YOY
Slides · p. 2
Q2 FY27 PAT up 38% YOY to Rs 7,003 crore; NII up 12% YOY
“PAT up 38% YOY to ₹7,003 crores aided by strong NII growth at 12% YOY and improving asset quality”
Deposits up 21% YOY and 6% QOQ; advances up 23% YOY and 9% QOQ
Slides · p. 2
Deposits up 21% YOY and 6% QOQ; advances up 23% YOY and 9% QOQ
“Robust growth in deposits at 21% YOY and 6% QOQ and advances at 23% YOY and 9% QOQ;”
Advances up 23% YOY; focus segments up 18% YOY and 6% QOQ
Slides · p. 3
Advances up 23% YOY; focus segments up 18% YOY and 6% QOQ
“Advances grew 23% YOY and 9% QOQ; Bank’s focus segments grew by 18% YOY and 6% QOQ”
Excluding FCNR (B)-backed loans, advances grew 19% YOY and 5% QOQ
Slides · p. 14
Excluding FCNR (B)-backed loans, advances grew 19% YOY and 5% QOQ
“Advances grew 9% (5%) QOQ and 23% (19%) YOY; Bank’s focus segments grew by 6% QOQ and 18% YOY”
Fee income up 6% YOY; granular fees 90% of total
Slides · p. 3
Fee income up 6% YOY; granular fees 90% of total
“Fee income up 6% YOY; granular fee constituted 90% of overall fees”
Sources
- Investor presentation, Q2 FY27 Filed 17 Oct 2026 · 79 pages
- Earnings call transcript, not read The filing is a cover letter; the transcript is on the company's website
Management's own statements, quoted from its NSE filings. This page was read by AI and can contain mistakes: check the source pages before relying on any figure. No forecast or opinion of ours. Not investment advice.