Axis Bank's quarterly profit climbs 38%, missing forecasts while interest income beats
Axis Bank's Q2 FY27 net profit climbed 37.6% to Rs 7,003.3 crore, below poll expectations, while net interest income topped forecasts, per Moneycontrol.
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what happened
Indian lender Axis Bank said on Saturday, October 17, that its net profit rose 37.6% year on year to Rs 7,003.3 crore in the second quarter of fiscal 2027. Moneycontrol reported that the figure came in below what the market had anticipated.
A CNBC TV18 poll had pointed to a profit of Rs 7,132 crore, which would have meant growth of roughly 40%. The reported result landed about 1.8% under that estimate.
Net interest income, meaning the gap between interest received and interest paid, grew 11.8% to Rs 15,371.4 crore, roughly 2.7% above the poll figure of Rs 14,970 crore. Axis Bank shares gained 0.16% on Friday to close at Rs 1,290. The stock is up 1.2% so far this year, while the Nifty 50 has lost 11.5% over the same stretch. The bank's market value is about Rs 4.02 lakh crore.
why it matters
The picture is mixed: the bottom line disappointed, yet lending income came in stronger than expected. That gap suggests the pressure may have come from costs or provisions, although the report does not specify which. Axis Bank has outperformed the Nifty 50 this year, so the result will serve as a useful gauge for India's private lenders.
market impact
Indian banks: profit miss alongside stronger interest income is a mixed signal for the sector
tags
instruments
sources
- Axis Bank Q2 results: Net profit rises 38% to Rs 7,003 crore, misses estimates; NII beats expectations — moneycontrol.com, 17 October 2026 at 07:34 UTC
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