Axis Bank's Gross NPA was at 1.23% while the Net NPA was at 0.37%. Further, the net credit cost at 0.37% down 39 bps QOQ., Companies, Times Now

Axis Bank Reports Flat Net Profit of Rs 7,071 Crore, Announces Dividend of Rs 1 Per Equity Share

Axis Bank announces dividend of Rs 1 Per Equity Share.

India's leading private sector lender, Axis Bank, reported a standalone net profit of Rs 7,071 crore in the March-ended quarter of FY26, against Rs 7,118 crore in the year-ago period, implying a marginal drop of 0.64%. Further, the Board of Directors has recommended dividend of Rs 1 per equity share of face value of `2 per equity share for the year ended 31st March 2026. This would be subject to approval by the shareholders at the next annual general meeting.

Capital adequacy ratio (CAR) stood at 16.42%. Bank's Gross NPA was at 1.23% down by 17 bps on a quarterly basis while the Net NPA was at 0.37% down 5 bps. Further, the net credit cost at 0.37% down 39 bps QOQ.

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.

Axis Bank continued to see healthy traction in its core business, with total deposits rising 14% YoY and 6% quarter-on-quarter (QoQ). Advances grew 19% YoY and 6% QoQ, driven by strong momentum in corporate and SME lending.

On the quarterly performance, Amitabh Chaudhry, MD & CEO, Axis Bank said, “As banking becomes increasingly digital - trust, security and relevance remain foundational. This quarter’s initiatives reflect on our intent to empower customers, invest in partner ecosystems, and strengthen talent and inclusion as enduring growth enablers. We have closed the year on a strong note, with consistent progress across all our strategic priorities. While we enter the new financial year with confidence and optimism focusing on building a more resilient franchise, we are conscious of the global macro and geo-political situation shaping up and are closely watching it.”

Axis Bank created an additional one-time provision of Rs 2,001 crore on standard assets as a precautionary measure, citing global macroeconomic and geopolitical uncertainties.

For the overall financial year FY26, Axis Bank reported a net profit of Rs 24,457 crore, down 7% YoY, while core operating profit rose 4% to Rs 41,443 crore.