The country’s fourth-largest private lender posted a 3% year-on-year increase in net profit to ₹6,490 crore for the December quarter | Photo credit: ANUSHREE FADNAVIS
The country’s fourth-largest private lender by market capitalization said standalone net profit rose 3% year-on-year to ₹6,490 crore ($709.04 million) for the three months ended December 31.
Analysts had expected profits to fall to ₹6,079 crore, according to data compiled by LSEG.
After several quarters of slower growth, Indian lenders reported double-digit lending growth from October to December, while the local festive season and deep cuts in consumption taxes boosted consumer spending.
Axis Banks’ net interest income, the difference between interest earned on loans and paid on deposits, rose 5% to ₹14,287 crore.
Provisions and contingencies rose 4% year-on-year to ₹2,246 crore. However, it fell 37% sequentially. The lender had increased provisions in the April-June quarter due to what the bank said was a one-off benchmarking for the sector, and carried over to the quarter ending September.
Axis Bank’s gross non-performing asset ratio fell to 1.40% at end-December from 1.46% three months earlier.
Published on January 26, 2026
#Axis #Bank #beats #expectations #surprise #profit #rise #December #quarter