Axis Bank Q1 Profit Down 4% to Rs 5806 cr

New Delhi, Jul 17 (PTI) Axis Bank on Thursday reported a 4 per cent decline in net profit at Rs 5,806 crore for the first quarter ended June 30, 2025, due to a marginal increase in bad loans.

The private sector bank had earned a standalone profit of Rs 6,035 crore in the same quarter of the previous fiscal year.

The total income rose to Rs 38,322 crore during the June quarter of 2025-26, from Rs 35,844 crore in the same quarter of FY25, Axis Bank said in a regulatory filing.

Interest earned by the bank grew to Rs 31,064 crore as compared to Rs 30,061 crore in the June quarter of FY25.

During the period operating profit of the bank rose to Rs 11,515 crore as compared to Rs 10,106 crore in the same quarter a year ago.

The bank's asset quality showed deterioration as gross non-performing assets (NPAs) rose to 1.57 per cent of gross advances at the end of the June quarter FY26 from 1.54 per cent a year ago.

Similarly, net NPAs or bad loans also increased to 0.45 per cent as against 0.34 per cent in the year-ago period.

As a result, provision and contingencies for Q1FY26 rose to Rs 3,948 crore as compared to Rs 2,039 crore in the same quarter a year ago.

Capital adequacy ratio of the bank rose to 16.85 per cent from 16.65 per cent in the same quarter of FY25.