Mumbai: Axis Bank share price crashed over 7% in early trade on Friday after the private lender disappointed Dalal Street investors with weak Q1 results. Axis Bank shares fell as much as 7.4% to ₹1,073.95 apiece on the BSE.
Axis Bank reported a 3.8% drop in its net profit for the fiscal first quarter ended June 2025 to ₹5,806.14 crore from ₹6,034.64 crore in the year-ago period.
The net interest income (NII) in Q1FY26 rose 0.8% to ₹13,560 crore from ₹13,448 crore, year-on-year (YoY). Net Interest Margin (NIM) during the quarter was at 3.80% as against 3.97% in the previous quarter and 4.05% in the year-ago period.
Asset quality deteriorated with gross non-performing asset (NPA) ratio rising to 1.57% as on June 30, 2025, from 1.28% as on March 31, 2025. Net NPA ratio of the bank increased to 0.45% in Q1FY26, from 0.33% sequentially.
At 9:25 AM, Axis Bank share price was trading 4.31% lower at ₹1,109.90 apiece on the BSE.
