The country’s fourth-largest private lender posted a 3% year-on-year increase in standalone net profit to ₹6,490 crore for the December quarter,
| Photo Credit:
ANUSHREE FADNAVIS
Axis Bank reported
a surprise quarterly profit rise on Monday, supported by healthy
loan growth.
The country’s fourth-largest private lender by market
capitalisation said standalone net profit rose 3% on-year to ₹6,490 crore ($709.04 million) for the three months
ended December 31.
Analysts had expected profit to fall to ₹6,079 crore
, according to data compiled by LSEG.
Following several quarters of slower growth, Indian lenders
reported double-digit loan growth in the October–December
period, as the local festive season and sweeping consumption tax
cuts spurred consumer spending.
Axis Banks’ net interest income, the difference between
interest earned on loans and paid on deposits, rose 5% to ₹14,287 crore
.
Its provisions and contingencies rose 4% on-year to₹2,246 crore. However, it was down 37% sequentially. The
lender had stepped up provisions in the April-June quarter due
to what the bank said was a one-time industry benchmarking
exercise, and was carried over to the quarter-ended September.
Axis Bank’s gross non-performing asset ratio fell to 1.40%
at the end of December from 1.46% three months earlier.
Published on January 26, 2026
