Axis Bank
Axis Bank shares jump nearly 6% as Q3 profit, asset quality cheer street
Mumbai/IBNS: Axis Bank shares surged over 5% on Tuesday after the lender reported its Q3 FY26 results, media reports said.
The stock climbed as much as 5.75%, buoyed by a 3% year-on-year rise in net profit for the quarter ended December 31.
Axis Bank posted a steady performance in Q3 FY26, with net profit increasing to ₹6,490 crore, while profit rose sharply on a sequential basis, supported by stable net interest income and robust fee growth.
Net interest income grew around 5% YoY to ₹14,287 crore, with net interest margin at about 3.64%.
The bank’s balance sheet remained healthy, with advances rising 14% YoY and deposits growing 15% YoY, reflecting sustained credit demand and strong deposit mobilisation.
Fee income increased 12% YoY, driven largely by retail fees, while operating efficiency improved as cost-to-assets declined to 2.33%.
Asset quality also strengthened, with gross NPAs at 1.40% and net NPAs at 0.42%, both showing sequential improvement.
The capital position remained comfortable, with a capital adequacy ratio of 16.55% and CET-1 ratio of 14.50%, underscoring the bank’s balance sheet resilience amid a challenging operating environment.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
