Axis Bank Q3 net profit rises 3% to 6,490 crore

The bank’s Net Interest Income (NII) for the quarter stood at ₹14,287 crore up 5% YOY. Net Interest Margin (NIM) stood at 3.64%.

As on December 31, 2025, the bank’s reported Gross NPA and Net NPA levels were 1.40% and 0.42% respectively, as against 1.46% and 0.44% as on 30th September 2025. 

Recoveries from written off accounts for the quarter were ₹799 crore. Reported net slippages in the quarter adjusted for recoveries from written off pool was ₹2,335 crore, of which retail was ₹2,506 crore.

Gross slippages during the quarter were ₹6,007 crore, compared to ₹5,432 crore a year ago.

Recoveries and upgrades from NPAs during the quarter were ₹2,872 crore. The bank in the quarter wrote off NPAs aggregating ₹3,275 crore, it said in a filing. 

As on December 31, 2025, the bank’s provision coverage, as a proportion of Gross NPAs stood at 70%, as compared to 70% as at September 30, 2025 and 76% as at 31st December 2024.

The fund based outstanding of standard restructured loans implemented under resolution framework for COVID-19 related stress (COVID 1.0 and COVID 2.0) declined during the quarter and as at December 31, 2025 stood at ₹1,030 crore that translates to 0.08% of the gross customer assets. 

The bank carries a provision of 17% on restructured loans, which is in excess of regulatory limits, it said.

The bank’s balance sheet grew 15% YOY and stood at ₹17,52,171 crore as on December 31, 2025. The total deposits grew 15% YOY on month end basis.

The advances grew 14% YOY to ₹11,59,052 crore as on 31st December 2025. Retail loans grew 6% YOY to ₹6,44,575 crore and accounted for 56% of the net advances.

Provision and contingencies for the quarter stood at ₹2,246 crore.

The bank holds cumulative provisions (standard + additional other than NPA) of ₹13,111 crore at the end of the quarter.

Amitabh Chaudhry, MD & CEO, Axis Bank said, “Our progress this quarter reflects our focus on creating solutions that matter – simplifying access to credit, reimagining digital banking, and investing in talent and ideas that will shape the future.”

“We will keep strengthening our competitive edge by modernising our platforms, empowering our teams, and staying ahead of shifts in customer behavior through smart and revolutionary solutions,” he added.