Axis Bank has announced its audited financial results for the quarter and year ended March 31, 2026. The Bank recorded a standalone net profit of ₹24,456.66 crore for the full financial year, reflecting a robust performance. The Board has also recommended a dividend of ₹1 per share. The audit reports for both standalone and consolidated results carry an unmodified opinion from the joint statutory auditors.
Financial Performance Overview
For the financial year ended March 31, 2026, Axis Bank reported a standalone net profit of ₹24,456.66 crore. Total income for the year stood at ₹1,53,163.08 crore, demonstrating steady growth. In the consolidated segment, the Group achieved a net profit of ₹26,384.85 crore for the same period. The Bank continues to maintain a strong capital position, with a Basel III Capital Adequacy Ratio of 16.42%.
Asset Quality and Operational Metrics
The Bank’s asset quality remains resilient, with the Gross NPA ratio at 1.23% and the Net NPA ratio at 0.37% as of March 31, 2026. Operating profit before provisions and contingencies for the full year reached ₹42,816.81 crore. The return on assets (annualized) for the year ended March 31, 2026, was recorded at 1.45%.
Strategic Initiatives and Dividend
The Board of Directors has recommended a dividend of ₹1 per share (50%) for the financial year ended March 31, 2026, subject to the approval of shareholders at the upcoming Annual General Meeting. Additionally, the Bank noted that it has 10 subsidiaries, 2 step-down subsidiaries, and 1 associate as of the fiscal year-end.
Accounting Adjustments and Provisions
During the fiscal year, the Bank implemented proactive measures to strengthen its balance sheet. This included a voluntary, one-time additional provision of ₹2,001 crore during the final quarter for standard assets. Furthermore, the Bank recognized a positive impact on tax expenses following the conclusion of regular tax assessment proceedings related to the acquisition of the Citi India Consumer Business, leading to a reduction in tax expenses for Q4 FY26 and the full year.
Source: BSE
