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.
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