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# India's Axis Bank reports Q1 FY27 operating profit of ₹11,659 crore, up 16% QoQ
- URL: https://www.theglobalbanker.com/axis-bank-q1-fy27-operating-profit-11659-crore/
- Published: 2026-07-18T17:47:00.000Z
- Updated: 2026-10-02T00:30:54.000Z
- Description: Axis Bank posted a 16% sequential rise in Q1 FY27 operating profit to ₹11,659 crore, with advances up 19% and deposits up 18% year on year.
- Author: TGB Editorial Team
- Tags: Banking News, Asia-Pacific

Axis Bank reported operating profit of ₹11,659 crore for the quarter ended 30 June 2026, up 16% from the preceding quarter, according to the investor presentation released on Saturday. Core operating profit, which strips out trading gains, rose 5% quarter on quarter to ₹11,122 crore, and was up 10% year on year.

Net interest income rose 8% year on year to ₹14,646 crore, with net interest margin at 3.46%. Total advances grew 19% year on year, while total deposits, measured on a quarterly average basis, rose 18%.

#### LOAN AND DEPOSIT GROWTH

Within advances, SME loans grew 25% and corporate loans 38% year on year, including 27% growth in mid-corporate loans, while retail loans grew 8%. On a month-end basis, deposits also rose 18% year on year, and the CASA ratio stood at 38%.

The bank said its cost of funds fell 35 basis points year on year and 2 basis points quarter on quarter. 

The ₹537 crore difference between operating profit and core operating profit is the quarter's trading income. Net profit rose 23% year on year to ₹7,114 crore, after provisions and contingencies of ₹2,223 crore.

#### SUBSIDIARIES CONTRIBUTE MORE

Domestic subsidiaries, which house the bank's asset management, broking, investment banking and non-banking finance activities, delivered profit after tax of ₹546 crore, an increase of 21% from the same period a year earlier. Axis Finance's profit rose 29% to ₹244 crore, Axis AMC's 3% to ₹134 crore, Axis Securities' 8% to ₹96 crore and Axis Capital's 72% to ₹65 crore.

The bank put the return on investment in its domestic subsidiaries at about 41%. 

Full details of the quarterly performance, including the investor presentation, were made available on the bank's website.