Q1 2026 Axis Bank Ltd Earnings Call Transcript
Key Points
- Axis Bank Ltd (FRA:UZC) reported a 14% year-on-year increase in operating profit and a 7% increase quarter-on-quarter.
- Non-interest income grew by 25% year-on-year, showcasing strong performance in fee-based activities.
- The bank's CET-1 ratio stands at a robust 14.68%, indicating a strong capital position.
- Retail and small business deposits under the LCR framework grew by 12% year-on-year, reflecting a healthy deposit base.
- Axis Bank Ltd (FRA:UZC) has made significant strides in acquiring quality New-to-Bank customers, with a 58% year-on-year increase in average total savings.
- The bank's asset quality was impacted by changes in technical recognition criteria, leading to higher reported gross and net slippages.
- Credit costs remain elevated, with a reported credit cost of 1.38%, largely due to technical impacts.
- Net interest margin (NIM) declined by 25 basis points year-on-year and 17 basis points quarter-on-quarter.
- The bank's provision coverage ratio (PCR) declined by 300 basis points quarter-on-quarter.
- Axis Bank Ltd (FRA:UZC) faces challenges in stabilizing slippages and credit costs, particularly in the retail unsecured segment.
Ladies and gentlemen, good day, and welcome to the Axis Bank conference call to discuss the bank's financial results for the quarter ended 30, June 2025. Participation in the conference call is by invitation only.
Axis Bank reserves the right to block access to any person to whom an invitation has not been set. Unauthorized dissemination of the contents or the proceeding of the call is strictly prohibited, and prior explicit permission and written approval of Axis Bank is imperative. (Operator Instructions) Please note that this conference is being recorded.
On behalf of Axis Bank, I once again welcome all the participants to the conference call. On the call, we have Mr. Amitabh Chaudhry, MD and CEO, Mr. Rajiv Anand, Deputy Managing Director and Mr. Puneet Sharma, CFO. I now have the conference over to Mr. Amitabh Choudhury, MD and CEO. Thank you and over to you, sir.
Thank you. Apart from Rajiv and Puneet, Subrat Mohanty, ED; Munish Sharda, ED
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