Axis Bank reports Q2 profit growth. Axis Bank stock sits below its high

Published on 10/22/2026 at 09:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 FY27 net profit reached INR 70.03 billion, up 38.00 percent year over year. Axis Bank stock was INR 1,209.40 on October 22, 2026, versus its INR 1,418.30 high.

Quarterly growth meets mixed broker views

Axis Bank reported INR 70.03 billion in Q2 FY27 net profit on October 17, 2026, up 38.00 percent year over year.
Prabhudas Lilladher raised its target to INR 1,600.00 from INR 1,550.00 in its October 18, 2026 update.
Axis Bank stock traded at INR 1,209.40 on NSE at 1:11 p.m. IST on October 22, 2026, 14.73 percent below its INR 1,418.30 52-week high.

Axis Bank, INE238A01034, Illustration mit AI erstellt.

Axis Bank (ISIN INE238A01034) reported INR 70.03 billion in standalone net profit for the second quarter of fiscal year 2027, up 38.00 percent year over year on October 17, 2026, according to The Economic Times. Net interest income rose 12.00 percent year over year to INR 153.71 billion, while the reported net interest margin was 3.36 percent.

Results put growth beside pressure

The quarter delivered a strong earnings increase, but the mix was uneven. Advances grew 23.00 percent year over year and 9.00 percent quarter over quarter, while operating profit rose 6.00 percent year over year to INR 110.83 billion, according to The Economic Times. Gross non-performing assets fell to 1.16 percent from 1.46 percent a year earlier, improving the credit-quality picture.

Three dates that reset expectations

On October 17, 2026, Axis Bank approved Q2 FY27 results showing INR 70.03 billion in net profit. On October 18, 2026, Prabhudas Lilladher raised its target to INR 1,600.00 from INR 1,550.00, as DSIJ reported. Also on October 18, 2026, ICICI Securities retained its Buy recommendation and set a INR 1,620.00 target, according to DSIJ.

What does the margin signal mean?

The key debate is whether temporary funding effects fade quickly enough to restore profitability. ICICI Securities said the margin excluding FCNR was stable at 3.47 percent, compared with the reported 3.36 percent, while the cost of deposits reached 4.80 percent in Q2 FY27. Prabhudas Lilladher identified operating expenses and weaker fee income as constraints, even as asset quality improved.

Stock valuation and current level

Axis Bank was trading at INR 1,209.40 on NSE on October 22, 2026 at 1:11 p.m. IST. The price stood 14.73 percent below the 52-week high of INR 1,418.30, while the market capitalization was INR 3.8 trillion as of October 22, 2026.