Axis Bank announced its audited financial results for the quarter ended March 31, 2026, reporting a Profit After Tax (PAT) of ₹7,071 crore, marking a 9% increase QoQ. The bank achieved 6% growth in both deposits and advances, supported by a 7% QoQ rise in CASA deposits. Core operating profit for the year stood at ₹41,443 crore, reflecting a consistent growth trajectory and robust asset quality.
Quarterly Financial Performance
Axis Bank demonstrated resilience in Q4 FY26, with core operating revenue growing 3% year-over-year. The bank’s Net Interest Margin (NIM) stood at 3.62%, supported by a structural improvement in the balance sheet. Fee income for the quarter reached ₹6,561 crore, growing 8% QoQ, with granular fees comprising 92% of the total fee income.
Growth in Deposits and Advances
The bank saw strong momentum in its core businesses during the quarter. Total deposits grew by 14% YoY, while CASA deposits improved to 40%. On the lending side, advances grew by 19% YoY. The focus segments, including Small Business Banking (SBB), SME, and Mid-Corporate, grew by 15% YoY, with the total volume of these segments reaching ₹2,931 billion.
Asset Quality and Capital Adequacy
Asset quality metrics showed significant improvement, with the Gross NPA ratio declining to 1.23% and the Net NPA ratio standing at 0.37%. The bank remains well-capitalized with an overall Capital Adequacy Ratio (CAR) of 16.42% and a CET-1 ratio of 14.38%. Additionally, the bank maintained a healthy Provision Coverage Ratio (PCR) of 70%, alongside a Net credit cost of 0.37%.
Digital Leadership and Subsidiary Performance
Axis Bank continues to lead in digital payments, holding an approximate 36% market share in the UPI Payer PSP space. The bank’s mobile application continues to be highly rated, with 16 million monthly active users. The bank’s key domestic subsidiaries also delivered healthy performance, collectively contributing ₹2,051 crore in PAT for FY26, representing a 16% YoY growth, with significant contributions from Axis Finance, Axis AMC, Axis Securities, and Axis Capital.
Source: BSE
