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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 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹10.07T | 10.63 | ― | 1.64% | 8.90% | 11.93% | |
76 Outperform | ₹3.91T | 14.05 | ― | 0.08% | 6.08% | -7.26% | |
75 Outperform | ₹1.26T | 6.69 | ― | 2.66% | 8.89% | 19.79% | |
72 Outperform | ₹9.27T | 19.14 | ― | 0.81% | 14.32% | 11.36% | |
68 Neutral | ₹12.84T | 19.24 | ― | 1.10% | 1.30% | 3.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | ₹683.17B | 131.74 | ― | 1.95% | -7.44% | -109.30% |
Axis Bank Limited Corporate Events
Axis Bank Limited, a major private sector lender in India with extensive retail, corporate, and treasury operations, continues to position itself as an important player in the domestic financial services market and a regular point of focus for institutional investors. The bank is listed on both the National Stock Exchange of India and BSE, reflecting its prominence in the country’s capital markets.
The bank informed the exchanges that its management participated in the Daiwa Investment Conference Tokyo 2026 on March 3, 2026, where it held interactions with institutional investors including Capital Research Global Investors and Tokio Marine Asset Management. Axis Bank also made an investor presentation available on its website, underscoring its ongoing efforts to maintain transparent communication and deepen engagement with global investment stakeholders.
Axis Bank Limited notified the stock exchanges that it participated in an analyst and institutional investors meet held on February 26, 2026, under the event “Kotak Chasing Growth 2026” in Mumbai. The bank said details of the interactions and an accompanying investor presentation have been made available on its website, underscoring ongoing engagement with major domestic and global asset managers and long-term institutional investors.
The disclosed attendee list includes prominent asset management firms, pension funds and sovereign-related investors such as BlackRock, Canada Pension Plan Investment Board and Norges Bank Investment Management. This broad institutional participation highlights sustained interest in Axis Bank’s performance and strategy, and signals the bank’s effort to maintain transparency and deepen its relationships with key capital market stakeholders through regular, structured investor outreach.
Axis Bank has allotted 263,239 new equity shares with a face value of ₹2 each following the exercise of employee stock options and restricted stock units under its ESOP and RSU schemes. This allotment marginally increases the bank’s paid-up share capital from ₹6,213,357,450 to ₹6,213,883,928, slightly diluting existing holdings while reinforcing its long-term employee incentive and retention framework.
Although the capital increase is quantitatively small relative to Axis Bank’s overall equity base, it reflects the ongoing utilization of stock-based compensation as part of the bank’s remuneration strategy. For shareholders, the move represents a routine, incremental change in share count rather than a strategic capital-raising event, indicating continuity in the bank’s approach to rewarding and aligning employees with shareholder interests.
Axis Bank has notified the stock exchanges that its management will participate in the “Kotak Chasing Growth 2026” investor conference on February 26, 2026, in Mumbai. The meeting will be an in-person group interaction with analysts and institutional investors, supported by an investor presentation available on the bank’s website.
The disclosure underscores the bank’s ongoing investor engagement and transparency efforts, providing stakeholders with an opportunity to gain deeper insight into its performance and strategy. Any changes to the scheduled interaction due to unforeseen events will be communicated to the exchanges, reinforcing the bank’s compliance with market disclosure norms.
Axis Bank has clarified that it has neither submitted nor plans to submit any bid for a stake in microfinance lender CreditAccess Grameen Limited, responding to market queries on the matter. The bank stated that there is no material event requiring disclosure under Indian listing regulations in this context and reiterated its commitment to continue making regulatory disclosures in line with its obligations.
The clarification signals that Axis Bank is not currently pursuing an acquisition move in the microfinance space via CreditAccess Grameen, which may temper speculation about near-term inorganic expansion in this segment. For investors and regulators, the statement underscores the bank’s emphasis on regulatory compliance and timely communication amid heightened market curiosity about potential strategic transactions.
Axis Bank disclosed that it engaged with global buy-side institutions at the ICICI Securities Investor Conference in Singapore on 4 February 2026, sharing its latest presentation via its investor relations site and reinforcing transparency with major asset managers. The high-profile investor meetings are meant to deepen institutional relationships and showcase the bank’s strategy, signaling continued efforts to solidify capital markets credibility and sustain investor confidence in its growth trajectory.
Axis Bank has allotted 438,206 equity shares with a face value of Rs. 2 each following the exercise of stock options and restricted stock units under its employee share schemes. As a result of this ESOP/RSU-related issuance, the bank’s paid-up share capital has increased marginally from Rs. 6,210,918,354 to Rs. 6,211,794,766, reflecting a slight dilution for existing shareholders but underscoring the bank’s continued use of equity-based compensation to align employee interests with long-term shareholder value.
Axis Bank Limited has disclosed that the transcript of its earnings call, held on January 26, 2026 to discuss the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, has been made available on the bank’s website. The move enhances transparency and regulatory compliance under SEBI’s Listing Regulations, ensuring investors and other stakeholders have detailed access to management’s commentary and discussion on the bank’s recent financial performance.
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.