Axis Bank announced strong financial results for Q3FY26, marked by a 14% YOY increase in advances and a 28% QOQ rise in Profit After Tax (PAT). The bank’s core operating profit grew 9% QOQ, supported by steady Net Interest Income (NII) and robust fee income. Asset quality remained stable, with GNPA at 1.40%.
Financial Performance Highlights
Axis Bank reported a strong Q3FY26, demonstrating significant growth and stable asset quality:
- Advances grew by 14% YOY.
- Profit After Tax (PAT) increased by 28% QOQ.
- Core operating profit rose by 9% QOQ.
The bank’s performance was underpinned by steady NII and healthy fee income.
Deposit and CASA Growth
Strong deposit growth, particularly in CASA (Current Account Savings Account) deposits, was a key factor in the bank’s success:
- Total deposits increased by 15% YOY.
- CASA ratio stood at 39%.
Asset Quality
Axis Bank maintained a stable asset quality profile:
- GNPA (Gross Non-Performing Assets) was at 1.40%, down 6 bps QOQ and YOY.
- Net NPA was at 0.42%, down 2 bps QoQ.
Subsidiary Performance
The bank’s key domestic subsidiaries delivered healthy performance:
- Axis Finance PAT at ₹571 crores, up 12% YOY.
- Axis AMC’s PAT at ₹454 crores, up 20% YOY.
- Axis Securities’ PAT at ₹270 crores.
Digital Banking & Payments
Axis Bank highlighted its strong position in digital payments:
- Maintained a market leading position in UPI with a market share of approximately 39%.
Capital Adequacy
- Overall Capital Adequacy Ratio (CAR) stood at 16.55%, with CET-1 ratio at 14.50%.
Source: BSE
