Private lender Axis Bank reported a 0.64% decrease in profitability for the March quarter of FY26, with a year-on-year net profit drop of 0.64% to Rs 7,071 crore. This decline was compared to a net profit of Rs 7,118 crore in the same quarter of the previous financial year. The bank’s interest income saw a healthy growth of 4.7% during the quarter, reaching Rs 32,724 crore from Rs 31,243 crore a year ago.
Interest expenses also rose by 4.7% year-on-year to Rs 18,267 crore, up from Rs 17,432 crore in the year-ago period. Net Interest Income (NII), a crucial indicator of a bank’s core earnings, reached Rs 14,457 crore in Q4 FY26, showing a 5% increase from the previous year. However, the Net Interest Margin (NIM) was reported at 3.62%, according to the bank’s regulatory filing.
Axis Bank disclosed an operating profit of Rs 10,013 crore, with core operating profit slightly higher at Rs 10,619 crore. Operating costs increased by 6% year-on-year in the quarter, indicating ongoing investments in business expansion and infrastructure. Sequentially, the bank demonstrated a stronger performance, with profit after tax (PAT) surging by 9% compared to the December quarter (Q3 FY26).
The bank’s Board of Directors proposed a dividend of Re 1 per equity share for the financial year ending March 31, 2026. This dividend payout is subject to shareholder approval at the upcoming Annual General Meeting. Axis Bank’s shares closed Friday’s trading session at Rs 1,362, down by Rs 7.6 or 0.55%. Over the last five days, the shares witnessed a decline of Rs 8.6 or 0.63%, while in the past month, the shares rose by Rs 139.90 or 11.45%.
