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Axis Bank Limited
(AXISBANK)
Axis Bank Limited (AXISBANK) vs. iShares MSCI India ETF (INDA)
Axis Bank Limited Business Overview & Revenue Model
Axis Bank Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.59T | 1.56T | 1.38T | 1.06T | 861.20B | 779.83B |
| Gross Profit | 865.18B | 848.81B | 766.03B | 624.16B | 511.98B | 433.56B |
| EBITDA | 362.59B | 384.89B | 365.66B | 317.67B | 199.78B | 107.29B |
| Net Income | 278.62B | 280.55B | 263.86B | 108.18B | 141.19B | 71.95B |
Balance Sheet | ||||||
| Total Assets | 16.53T | 16.57T | 15.18T | 13.44T | 11.96T | 10.01T |
| Cash, Cash Equivalents and Short-Term Investments | 1.02T | 1.03T | 1.38T | 1.39T | 1.54T | 1.10T |
| Total Debt | 2.20T | 2.21T | 2.28T | 1.98T | 1.82T | 1.34T |
| Total Liabilities | 14.59T | 14.69T | 13.61T | 12.14T | 10.77T | 8.97T |
| Stockholders Equity | 1.94T | 1.87T | 1.57T | 1.30T | 1.18T | 1.04T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 419.38B | -79.40B | 206.85B | 267.28B | 116.94B |
| Operating Cash Flow | 0.00 | 443.84B | -55.55B | 220.75B | 281.37B | 126.33B |
| Investing Cash Flow | 0.00 | -512.15B | -90.88B | -326.94B | -272.32B | -541.95B |
| Financing Cash Flow | 0.00 | -70.00B | 223.41B | 66.41B | 1.71T | 72.79B |
Axis Bank Limited Technical Analysis
Axis Bank Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹4.26T | 16.11 | ― | 0.08% | 6.08% | -7.26% | |
76 Outperform | ₹9.95T | 11.86 | ― | 1.64% | 8.90% | 11.93% | |
75 Outperform | ₹1.34T | 6.75 | ― | 2.66% | 8.89% | 19.79% | |
72 Outperform | ₹9.69T | 18.61 | ― | 0.81% | 14.32% | 11.36% | |
68 Neutral | ₹14.30T | 19.26 | ― | 1.10% | 1.30% | 3.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | ₹697.55B | -34.30 | ― | 1.95% | -7.44% | -109.30% |
Axis Bank Limited Corporate Events
Axis Bank Limited has announced that it has held an earnings call with analysts and investors on January 26, 2026, to discuss its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The bank has made the audio recording of this earnings call available on its website, enhancing disclosure and access to information for shareholders and market participants in line with SEBI’s listing obligations and disclosure requirements.
Axis Bank Limited has announced its upcoming schedule of in-person group meetings with select analysts and institutional investors, to be held in Singapore on January 29, 2026, and in Hong Kong on January 30, 2026. These interactions, supported by an investor presentation hosted on the bank’s website, underscore the lender’s ongoing efforts to maintain active engagement with global capital market participants and provide updated disclosures to stakeholders, while committing to inform stock exchanges if there are any changes to the planned schedule.
Axis Bank reported robust unaudited results for the quarter and nine months ended 31 December 2025, with year-on-year growth of 15% in deposits and 14% in advances, a 9% quarter-on-quarter rise in core operating profit and a 28% jump in profit after tax, supported by steady net interest income and healthy fee growth. Asset quality and capital remained strong, with gross NPAs at 1.40%, net NPAs at 0.42%, a capital adequacy ratio of 16.55% and continued improvement in cost metrics, while the bank expanded its SME and mid-corporate loan book, maintained around 14% market share in credit cards, and reinforced its leadership in UPI payments with about 39% share as a payer PSP. Operationally, Axis Bank advanced its digital and inclusion agenda through the launch of omni-channel Express Banking Digital Points with Hitachi Payment Services, a fully digital co-branded RuPay credit card with Google Pay, and strategic investments in AI and deep-tech research with Plaksha University, alongside broader social initiatives in education, creativity and mental health, underscoring its push to modernise platforms and sharpen competitive positioning in India’s evolving financial services landscape.
Axis Bank reported strong financial performance for the quarter and nine months ended 31 December 2025, with year-on-year growth of 15% in deposits and 14% in advances, aided by steady net interest income and healthy fee income. Deposits rose across current, savings and term products on both quarterly and annual bases, while SME and mid-corporate lending expanded robustly, and fee income grew 12% year-on-year with granular retail and transaction-related fees dominating. Asset quality remained solid, with the gross NPA ratio improving to 1.40% and net NPA to 0.42%, cost-to-assets edging down, and capital buffers staying strong with an overall capital adequacy ratio of 16.55% and CET-1 at 14.50%. The bank maintained a roughly 14% market share in credit cards in force, reinforced its market-leading position in UPI payments with about 39% share as a payer PSP, and delivered 9MFY26 core operating profit of ₹30,824 crore, up 5% year-on-year, indicating operating leverage and positive jaws. Strategically, Axis Bank advanced its digital-first and inclusive banking agenda through initiatives such as omni-channel Express Banking Digital Points with Hitachi Payment Services, the UPI-powered Google Pay Axis Bank Flex co-branded RuPay credit card, and increased investment in AI and deep-tech research via a ₹80-crore partnership with Plaksha University, alongside social initiatives in education, arts and mental health, underscoring its push to modernise platforms and strengthen competitive positioning in India’s evolving financial ecosystem.
Axis Bank reported unaudited standalone financial results for the quarter and nine months ended 31 December 2025, with total income for the quarter rising to ₹38,500.06 crore and net profit at ₹6,489.57 crore, up from ₹5,089.64 crore in the previous quarter. Operating profit for the quarter stood at ₹10,875.70 crore, while provisions and contingencies were ₹2,245.92 crore, and the bank maintained a healthy Basel III capital adequacy ratio of 16.55%, gross NPA ratio of 1.40% and net NPA ratio of 0.42%, underscoring stable asset quality and a solid balance sheet. Earnings per share for the quarter improved to ₹20.91 (basic), and return on assets was 1.49% annualised, indicating resilient profitability and capital strength through the first nine months of FY26.
Axis Bank Limited has announced the results of a postal ballot conducted via remote e-voting, through which shareholders approved key changes to the bank’s board. The resolutions passed with the requisite majority include the appointment of Neeraj Gambhir as a Director and Whole-time Director designated as Executive Director, with related remuneration, and the appointment of Malavika R. Harita as an Independent Director, reinforcing the bank’s board strength and governance structure in line with regulatory requirements.
Axis Bank has announced that it will host an earnings call with analysts and investors on January 26, 2026, to discuss its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The scheduled call, led by the bank’s senior management, underscores its ongoing investor outreach and transparency commitments, providing stakeholders with an opportunity to gain insights into the bank’s recent financial performance and operational trajectory.
Axis Bank Limited has allotted 138,572 equity shares of Rs. 2 each following the exercise of employee stock options and restricted stock units under its ESOP/RSU scheme. This allotment marginally increases the bank’s paid-up share capital from Rs. 6,210,162,862 to Rs. 6,210,440,006, reflecting ongoing implementation of its employee incentive plans and resulting in a slight dilution for existing shareholders while reinforcing equity-based compensation for staff.
Axis Bank reported steady balance-sheet expansion as of 31 December 2025, with gross advances rising 14.1% year-on-year to ₹11.71 trillion and total deposits increasing 15.0% year-on-year to ₹12.61 trillion, reflecting continued growth in its lending and funding franchise. Within deposits, both CASA and term deposits showed healthy year-on-year growth of 13.9% and 15.8% respectively, and quarterly average balances also improved, underscoring sustained customer engagement and funding stability, though the bank stressed that these figures are provisional and remain subject to limited review by its statutory auditors.
Axis Bank has allotted 90,462 new equity shares of face value Rs. 2 each following the exercise of employee stock options and restricted stock units under its ESOP/RSU scheme. As a result, the bank’s paid-up share capital has marginally increased from Rs. 6,209,981,938 to Rs. 6,210,162,862, corresponding to an increase in the number of outstanding equity shares from 3,104,990,969 to 3,105,081,431, signaling routine equity dilution linked to employee compensation and incentive alignment for staff and management.
Axis Bank has initiated a postal ballot process to seek shareholder approval for key board changes, including the appointment of Neeraj Gambhir as a Director and Whole-time Director designated as Executive Director, with specified remuneration for a three-year term effective from October 20, 2025, following Reserve Bank of India approval. The bank is also seeking member approval for the appointment of Malavika R. Harita as an Independent Director, with voting conducted exclusively through remote e-voting between December 20, 2025 and January 18, 2026, underscoring Axis Bank’s ongoing efforts to strengthen its leadership structure and comply with evolving corporate governance and regulatory requirements.
Axis Bank Limited has announced the allotment of 245,902 equity shares following the exercise of stock options under its ESOP/RSU scheme. This allotment has increased the bank’s paid-up share capital, reflecting a strategic move to enhance its equity base and potentially strengthen its market position.
Axis Bank Limited has announced the allotment of 211,428 equity shares following the exercise of stock options under its ESOP/RSU scheme. This allotment has resulted in an increase in the bank’s paid-up share capital, reflecting its ongoing efforts to incentivize and retain talent through stock-based compensation.
Axis Bank Limited held an analyst and institutional investors meet at the Jefferies GEMS Conference 2025 in Dubai on November 24, 2025. This meeting, attended by prominent financial institutions such as DAMAC Group and Kuwait Investment Office, underscores Axis Bank’s commitment to engaging with key stakeholders and maintaining transparency in its operations.
Axis Bank Limited has announced its intention to raise funds by issuing Fully paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debentures (Series 9) on a private placement basis. The bank plans to raise a base amount of Rs. 2,000 Crore, with an option to retain oversubscription up to Rs. 3,000 Crore, totaling Rs. 5,000 Crore. This move is part of the bank’s strategy to strengthen its financial position and support its growth initiatives.
Axis Bank Limited has announced the allotment of 164,286 equity shares following the exercise of stock options under its ESOP/RSU Scheme. This move has increased the bank’s paid-up share capital, reflecting its ongoing commitment to employee engagement and retention through equity incentives, which may enhance its market position and stakeholder value.