Axis Bank on Saturday reported a standalone net profit of Rs 7,071 crore in the March-ended quarter of FY26, versus Rs 7,118 crore in the year-ago period, implying a marginal drop of 0.64%. The private lender earned an interest income of Rs 32,724 crore in Q4FY26, which was up by 4.7% over Rs 31,243 crore posted by the company in the corresponding quarter of the previous financial year.
The lender incurred interest expenses of Rs 18,267 crore in the quarter under review versus Rs 17,432 crore in Q4FY25, recording a 4.7% rise on a YoY basis.
Its Board of Directors have recommended a dividend of Re 1 per share for the year ended March 31, 2026, subject to the approval of the members at the ensuing Annual General Meeting.
The bank’s Net Interest Income (NII) for Q4FY26 stood at Rs 14,457 crores, up 5% YOY, while the Net Interest Margin (NIM) for Q4FY26 stood at 3.62%.
More to come….