Axis Bank Limited
AXISBANK.BO
₹1248.00
▲ 0.81%
Axis Bank shares edged up 0.81% to ₹1,248 on Friday, a day after the private lender posted a 23% jump in Q1 FY27 net profit to Rs 7,114 crore, even as a closer look at the numbers reveals some cracks beneath the headline growth. Net interest income grew a more modest 8% to Rs 14,646 crore, and margins slipped to a cycle-low 3.46% from 3.80% a year earlier, a sign that funding costs are starting to bite. The bank did clean up its book meaningfully, with provisions falling nearly 44% to Rs 2,223 crore and gross and net NPAs holding steady at healthy levels of 1.28% and 0.39% respectively. Brokerages remain largely unfazed by the margin compression — Jefferies kept its Buy rating with a target of Rs 1,700, while Morgan Stanley stayed Overweight and raised its target to Rs 1,450 from Rs 1,325, both apparently betting on the asset quality story over the near-term margin squeeze.
CAGR Performance
| 1 Year | 2 Years | 5 Years | 10 Years |
|---|---|---|---|
| 16.15% | 4.44% | 10.37% | 8.20% |
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