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Axis Bank Q3 FY26: PAT up 28% QoQ to ₹6,490 Cr; Asset Quality Improves with GNPA at 1.40%
Axis Bank reported a strong sequential performance for Q3 FY26, with Net Profit rising 28% QoQ to ₹6,490 crores, although YoY growth was a modest 3%. The bank's balance sheet grew 15% YoY, driven by a 14% increase in advances and a 15% rise in deposits, maintaining a healthy CASA ratio of 39%. Asset quality remains robust with GNPA improving to 1.40% and Net NPA at 0.42%, supported by a high aggregated provision coverage ratio of 146%. NIMs remained stable at 3.64%, while core operating profit grew 9% QoQ, reflecting efficient cost management and steady fee income.
Key Highlights
Net Profit grew 28% QoQ to ₹6,490 crores; Core Operating Profit rose 9% QoQ to ₹10,815 crores.
Total advances increased 14% YoY to ₹11.59 lakh crores, led by 27% growth in Corporate loans.
Asset quality improved with GNPA at 1.40% and NNPA at 0.42%; Net credit cost declined to 0.76%.
Total deposits grew 15% YoY to ₹17.52 lakh crores with a healthy CASA ratio of 39%.
Capital adequacy remains strong with CAR at 16.55% and CET-1 ratio at 14.50%.
💼 Action for Investors
Investors should find the strong sequential recovery in profit and stable asset quality metrics encouraging. The bank's continued digital leadership and growth in high-margin segments like SME and Mid-Corporate support a positive long-term outlook.