AXIS Bank Ltd. (532215) on Wednesday reported a 26% decline in second-quarter profit, primarily due to higher provisions for bad loans.
The bank posted a Q2 profit of INR 5,090 crore or INR 16.32 per share, down from INR 6,918 crore or INR 22.23 per share a year ago, mainly driven by a one-time provision of INR 1,231 crore for two discontinued crop loan variants.
Operating profit fell 3% to INR 10,413 crore, while operating revenue rose slightly by 1% to INR 20,369 crore from INR 20,205 crore. Net interest income (NII) grew 2% to INR 13,745 crore from INR 13,483 crore.
As of September 30, 2025, the bank's net NPA stood at 0.44%, up from 0.34% a year ago.
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