Axis Bank Ltd's Q1FY26 Quarter Results
- 1d ago
Result Summary
- Axis Bank Ltd reported a 6.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a growth of 6.9%.
- Its expenses for the quarter were up by 5.8% QoQ and 4.2% YoY.
- The net profit decreased 17.7% QoQ and decreased 2.9% YoY.
- The earnings per share (EPS) of Axis Bank Ltd stood at 20 during Q1FY26.
Financial Statments for Q1FY26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 40401.00 | 37836.10 | 37795.88 | 6.8% | 6.9% |
Total Expenses | 28187.11 | 26634.45 | 27051.03 | 5.8% | 4.2% |
Provisions & contingencies | 4034.19 | 1216.78 | 2101.51 | 231.5% | 92.0% |
Profit Before Tax | 8179.70 | 9984.87 | 8643.34 | -18.1% | -5.4% |
Tax | 1919.53 | 2371.32 | 2193.31 | -19.1% | -12.5% |
Profit After Tax | 6279.49 | 7630.07 | 6467.13 | -17.7% | -2.9% |
Earnings Per Share | 20.00 | 24.50 | 20.70 | -18.4% | -3.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Axis Bank Ltd is one of India's leading private sector banks, offering a comprehensive suite of financial products and services to individual and corporate customers. The bank operates in various segments including retail banking, corporate banking, and treasury operations. Axis Bank provides services such as savings accounts, loans, credit cards, investment services, and wealth management. In recent years, the bank has focused on digital transformation and enhancing its technological infrastructure to improve customer experience and operational efficiency. Axis Bank is known for its strong presence across India with a wide network of branches and ATMs, making it a significant player in the banking industry.
Revenue
In Q1FY26, Axis Bank reported a total income of ₹40,401 crores, marking a 6.8% increase from the previous quarter (Q4FY25), where the total income was ₹37,836.10 crores. Compared to the same quarter the previous year (Q1FY25), the total income grew by 6.9% from ₹37,795.88 crores. This consistent growth in total income over both the quarter and the year reflects the bank's ability to generate higher revenue. The bank’s revenue streams are typically diversified, including interest income from its lending activities and fee-based income from various financial services.
Profitability
Profitability for Axis Bank in Q1FY26 showed a decrease with profit before tax at ₹8,179.70 crores, down by 18.1% from the previous quarter (Q4FY25) and by 5.4% year-over-year from Q1FY25. The profit after tax was ₹6,279.49 crores, which declined by 17.7% QoQ and 2.9% YoY. The earnings per share also experienced a decline, recorded at ₹20.00 in Q1FY26 compared to ₹24.50 in Q4FY25 and ₹20.70 in Q1FY25, reflecting decreases of 18.4% QoQ and 3.4% YoY. These declines were influenced by a significant increase in provisions and contingencies, which surged by 231.5% QoQ and 92.0% YoY, impacting the overall profitability.
Operating Metrics
Total expenses for Axis Bank in Q1FY26 amounted to ₹28,187.11 crores, representing a 5.8% increase from the previous quarter and a 4.2% increase from the same period last year. The management of expenses is crucial for maintaining profitability, and the bank experienced a rise in its expense base over both the quarter and the year. Provisions and contingencies, a significant component of operating metrics, showed a substantial increase, indicating a strategic allocation towards potential future risks. The tax expense for Q1FY26 was ₹1,919.53 crores, reflecting a decrease of 19.1% from Q4FY25 and 12.5% from Q1FY25, aligning with the overall reduction in profit before tax for the period. These metrics highlight the bank's operational focus and financial adjustments in response to its broader business environment.