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.
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