Axis Bank Q4 FY26 results: Profit flat, Re 1 dividend

Key takeaway from Axis Bank’s March-quarter print

Axis Bank reported a nearly flat standalone net profit for the March quarter (Q4FY26), even as core interest income grew and asset quality metrics showed improvement on gross NPAs. The bank’s board also recommended a final dividend of Re 1 per equity share for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The results were released on April 25, 2026, and the stock was expected to be in focus in the next trading session.

Q4FY26 profit stays flat year-on-year

Axis Bank’s standalone net profit declined marginally by 0.6% year-on-year to ₹7,071.31 crore in Q4FY26. This compared with ₹7,117.50 crore in the same quarter a year ago. The print was described as slightly above estimates in the accompanying summary. Despite the muted movement in profit, the quarter showed growth in interest-led income and a small improvement in the gross NPA ratio.

Dividend recommendation: Re 1 per share for FY26

Axis Bank’s board recommended a final dividend of Re 1 per equity share (face value ₹2 each) for the financial year ended March 31, 2026. The dividend is subject to approval by members at the ensuing AGM. The bank said payment would be made within 30 days from the date of the AGM, if shareholders approve it. The record date had not been decided at the time of the disclosure.

Net Interest Income rises; NIM at 3.62%

On the operating side, Net Interest Income (NII) rose 5% year-on-year to ₹14,457 crore in Q4FY26. The bank reported a Net Interest Margin (NIM) of 3.62% for the quarter. Separately, the bank’s standalone total interest income for the March 2026 quarter was ₹32,724.09 crore, up from ₹31,242.51 crore a year earlier.

Total income edges higher in the quarter

Axis Bank’s total income for Q4FY26 came in at ₹38,746.64 crore, compared with ₹38,022.03 crore in the year-ago period. The data points to moderate top-line expansion even as bottom-line growth remained flat. The bank did not provide additional break-up details in the provided text beyond NII and total interest income.

FY26 full-year snapshot: income and profit

For the full financial year 2026, Axis Bank reported standalone total income of ₹153,163.08 crore. Full-year standalone net profit was ₹24,456.66 crore. These numbers provide context for the Q4 performance, showing that the final quarter contributed a significant share to annual profitability, even though quarter-on-quarter trends were not provided in the source text.

Asset quality: gross NPA improves; net NPA ticks up

Axis Bank’s gross non-performing assets (gross NPA) ratio stood at 1.23% in the March 2026 quarter, improving from 1.28% a year earlier. The net NPA ratio, however, rose slightly to 0.37% from 0.33% over the same period. In the accompanying summary, provisions were described as having risen sharply, and asset quality as having improved sequentially, though specific provision figures were not included in the provided data.

Balance sheet growth: deposits and advances

The bank’s deposits for the March 2026 quarter were reported at ₹1,335,833.97 crore, up from ₹1,172,952.02 crore a year earlier. Advances were ₹1,233,569.88 crore, compared with ₹1,040,811.32 crore as of the end of March 2025. The summary also highlighted that advances grew 19% year-on-year, which is consistent with the increase implied by the disclosed advance figures.

What the market is watching in the stock

Axis Bank’s share price was cited at ₹1,366.10 on the BSE, with a market capitalisation of over ₹424,000 crore. The stock was also reported to be up 14% over the past month. With results out on April 25, 2026, the next trading session was flagged as a key near-term point of attention.

Key numbers at a glance

Why this result matters

Axis Bank’s Q4FY26 numbers highlight a familiar pattern for lenders late in the cycle: profit staying flat even as core interest income expands. NII growth of 5% and a reported NIM of 3.62% show that the bank continued to generate higher net interest earnings in the quarter. At the same time, the near-flat profit outcome and the mention of sharply higher provisions underscore how credit costs can shape profitability even when operating income rises.

The balance sheet growth in deposits and advances provides another lens for investors. Deposits rose to ₹1,335,833.97 crore and advances reached ₹1,233,569.88 crore as of March 2026. Asset quality trends were mixed, with gross NPA improving to 1.23% but net NPA inching up to 0.37%.

Conclusion

Axis Bank closed Q4FY26 with standalone profit of ₹7,071.31 crore, steady year-on-year, alongside a Re 1 final dividend recommendation for FY26 and higher NII of ₹14,457 crore. Next, investors will track the AGM outcome for dividend approval, the announcement of the record date, and any further disclosures around provisioning and credit-cost trends.