Axis Bank Q3 FY26 Results: Profit Jumps 28% QoQ to ₹6,490 Crore

Mumbai, January 26, 2026: Axis Bank Limited, one of India's leading private sector banks, announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, today. The bank's Board of Directors approved the results at a meeting held in Mumbai.

Financial Highlights at a Glance (Q3 FY26)

Net Profit: Surged to ₹6,490 crores, marking a 3% increase Year-on-Year (YoY) and a significant 28% jump Quarter-on-Quarter (QoQ).
Net Interest Income (NII): Grew to ₹14,287 crores, up 5% YoY and 4% QoQ.
Net Interest Margin (NIM): Stood at a healthy 3.64%.
Core Operating Profit: Increased by 7% YoY and 9% QoQ to ₹10,815 crores.
Fee Income: Showed strong growth of 12% YoY to ₹6,100 crores.
Advances: Grew 14% YoY to ₹11.59 lakh crore.
Deposits: Increased 15% YoY to ₹12.61 lakh crore, with a steady CASA ratio of 39%.

Steady Growth and Improved Asset Quality

The bank demonstrated robust growth across key business parameters. The Small Business Banking (SBB) + SME + Mid-Corporate (MC) portfolio now constitutes 24% of total loans, a significant increase of ~705 basis points over the last four years. The SME book grew 22% YoY, while the corporate loan book saw a 27% YoY increase.

Asset quality remained stable and improved. The Gross NPA ratio declined to 1.40%, down 6 basis points (bps) both QoQ and YoY. The Net NPA ratio improved to 0.42%, down 2 bps QoQ. The Provision Coverage Ratio (PCR) stands at a healthy 70%.

Strong Capital and Liquidity Position

Axis Bank continues to be well-capitalized with a Capital Adequacy Ratio (CAR) of 16.55% and a CET-1 ratio of 14.50%. The bank maintains strong liquidity buffers with an average Liquidity Coverage Ratio (LCR) of ~116% for the quarter and excess SLR holdings of ₹1,37,919 crores.

Digital Leadership and Innovations

The quarter was marked by significant digital advancements. Axis Bank:

Maintained its market-leading position in UPI Payer PSP with a volume market share of ~39% in Q3FY26.
Acquired ~1 million new credit cards, maintaining a market share of ~14% in cards in force.
Launched the industry-first 'Express Banking Digital Point' in partnership with Hitachi Payment Services, a 24x7 compact branch format.
Introduced the Google Pay Axis Bank Flex card, a UPI-powered digital RuPay credit card.
Its Axis Mobile app continues to be among the world's top-rated on Google Play and iOS stores.

Subsidiaries Performance

The bank's key domestic subsidiaries delivered a strong combined performance:

9MFY26 Net Profit: ₹1,490 crores, up 6% YoY.
Axis Finance: PAT grew 12% YoY to ₹571 crores.
Axis AMC: PAT increased 20% YoY to ₹454 crores.
Axis Capital: PAT up 20% YoY to ₹178 crores.

Management Commentary

Amitabh Chaudhry, MD & CEO, Axis Bank, said, “Our progress this quarter reflects our focus on creating solutions that matter - simplifying access to credit, reimagining digital banking, and investing in talent and ideas that will shape the future. We will keep strengthening our competitive edge by modernising our platforms, empowering our teams, and staying ahead of shifts in customer behavior through smart and revolutionary solutions.”

Nine-Month Performance (9MFY26)

For the nine-month period ending December 2025, the bank's Net Interest Income stood at ₹41,591 crores (up 3% YoY), and Core Operating Profit was at ₹30,824 crores (up 5% YoY). Net Profit for 9MFY26 was ₹17,385 crores.

The bank's press release and a detailed investor presentation have been filed with the stock exchanges and are available on its website.

About Axis Bank: Axis Bank is the third-largest private sector bank in India, offering a comprehensive suite of financial services to customer segments across Retail, SME, Corporate, and Agriculture.