Net Interest Income (NII) or core income for the quarter increased by 0.8% from last year to ₹13,560 crore. A CNBC-TV18 poll had projected the figure to be ₹13,726 crore.
Axis Bank’s Net profit for the quarter stood at ₹5,806 crore, implying a decline of 4% from the same quarter last year. A CNBC-TV18 poll had projected the figure to be ₹6,217 crore.
Gross NPA for the quarter stood at 1.57%, compared to 1.28% in the March quarter. Net NPA for the quarter stood at 0.45% from 0.33% in the March quarter.
Provisions for the quarter increased on both a sequential as well as a year-on-year basis. Provisions at the end of the quarter stood at ₹3,947 crore, from ₹1,359 crore in March and ₹2,039 crore during the June quarter last year.
Shares of Axis Bank had ended 0.6% lower ahead of the result announcement at ₹1,161.
This is a breaking story and will be updated with more details.
First Published: Jul 17, 2025 3:45 PM IST
