Headline Numbers
Axis Bank reported operating revenue of ₹20,512 crore for the December quarter, up around 5% year-on-year, supported by growth in net interest income and stable fee income.
Net profit rose about 3% to ₹6,490 crore, translating into a margin of roughly 3%, as higher core income helped offset cost pressures.
Operating profit increased to ₹10,876 crore, also up around 3% from a year earlier, reflecting disciplined cost management and steady conversion of income into earnings.
The bank did not provide forward revenue or profit guidance in the investor presentation.
Performance Drivers
Axis Bank’s net revenue in Q3 FY2026 — represented by total operating revenue — was ₹20,512 crore, reflecting sustained expansion in core banking activities. This revenue grew modestly on a year-over-year basis, led by net interest income growth of 5% YoY to ₹14,287 crore, indicating resilience in interest-earning assets even as broader banking spreads faced competitive pressure. Fee and other non-interest income also contributed to topline stability, with fee income up 12% YoY. The combined effect of steady loan growth and diversified fee streams bolstered overall revenue generation.
On profitability, Axis Bank delivered a net profit of ₹6,490 crore, up about 3% YoY, with profit margins remaining healthy given the moderate revenue growth environment. The bank’s operating profit of ₹10,876 crore also expanded 3% YoY, underscoring effective cost management and the ability to convert revenue into core earnings. Cost discipline reflected in a controlled cost-to-assets ratio and positive jaw between income and expenses helped support operating margin expansion relative to prior periods.
Outlook
Axis Bank did not provide explicit forward guidance or numeric forecasts for net revenue, net income, or operating profit in the investor presentation. The narrative emphasizes continued loan and deposit growth, focus on granular fee income expansion, and disciplined cost management as core strategic levers for sustaining revenue momentum and profitability improvement. Management commentary underscores digital growth initiatives and stable asset quality as foundational for medium-term margin resilience, but specific margin expansion targets or projected profitability ranges are not delineated.