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Axis Bank Q2 FY27 Share Price & Earnings Call Analysis

₹1,225.00+0.41% today
Market cap
₹3.81L Cr
P/E
12.74
ROE
13.12%
PEG
0.36
Price to sales
2.69
Debt to equity
7.73
52W high / low
₹1,403 / ₹1,161
Sales growth (5Y)
15.53%
EBITDA margin
61.99%
Net profit margin
20.03%
Promoter holding
7.86%
Sales (last year)
₹1.42L Cr

Guidance scorecard · Q2 FY27 call

What Axis Bank's management guided

Revenue10–20%MarginsFlatCapexWhat management saidFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Axis Bank expects continued quality growth momentum with total advances growing 19% YoY and 2% QoQ as of Q1 FY27.
  • Wholesale advances grew 38% YoY, SME grew 25%, and Retail grew 8%, indicating strong segmental growth.
  • Retail disbursement trends remain encouraging, supporting gradual book growth.
  • The bank targets medium-term industry-beating growth of 300 basis points above market for advances.
  • With FCNR (B) deposits, the bank anticipates additional liquidity to fuel growth opportunities.
  • Wholesale banking growth will focus on sectors with strong transaction flows and clients meeting strict risk-return thresholds.

2 more points from Axis Bank's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Axis Bank said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

  • Axis Bank raised Additional Tier 1 (AT-1) capital aggregating to US$500 million during the quarter and an additional US$100 million post-quarter, enhancing capital adequacy by 34 bps.
  • The fresh AT-1 raise places the bank comfortably to call back existing AT-1 on the contracted call date, subject to regulatory approvals.
  • The bank continues investments in technology, especially in AI, as part of its ongoing strategic focus.
  • Investments in digital, AI, and innovation are ongoing and have been recognized through industry awards.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Axis Bank said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Axis Bank said on the order book →

Full Q1 FY27 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

This quarter's potential multibaggers
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Axis Bank rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Financials of Axis Bank

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Axis Bank

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +8.20%8.22%8.31%8.29%8.23%8.18%8.17%8.16%8.15%8.14%7.87%7.86%
FIIs +54.68%53.84%53.43%51.78%47.32%43.94%43.81%41.89%42.58%42.04%39.91%38.05%
DIIs +28.83%30.12%31.63%33.21%37.48%40.87%41.22%42.87%42.65%43.35%42.69%44.54%
Public +8.27%7.81%6.63%6.71%6.97%6.99%6.80%7.06%6.61%6.44%9.52%9.53%
No. of Shareholders7,85,5027,86,1667,69,6518,28,6298,99,9499,35,4538,85,7259,18,7808,63,7588,54,8448,36,8188,58,696

Financials of Axis Bank

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +27,41828,86530,23131,15931,60132,16232,45232,34832,31033,70934,17135,54238,087
Interest14,74915,94316,72717,26117,61518,04018,12118,23917,97118,78519,08020,21521,933
Expenses +10,05910,50611,12411,89212,41211,91311,94313,98314,30212,74314,81612,83713,390
Financing Profit2,6092,4162,3792,0061,5752,2102,389127362,1812752,4902,765
Financing Margin %10%8%8%6%5%7%7%0%0%6%1%7%7%
Other Income +5,7056,2727,6066,6377,6036,7977,5068,0537,4607,1896,9727,6717,587
Depreciation0000000000000
Profit before tax8,3148,6889,9858,6439,1779,0079,8958,1807,4969,3717,24710,16110,352
Tax %25%25%24%25%19%25%24%23%26%25%-5%25%26%
Net Profit +6,2306,5207,6306,4677,4366,7797,5096,2795,5677,0607,6427,6707,666
EPS in Rs20.1321.0524.6220.8323.9321.7824.1320.1317.8222.5824.4624.5424.74
Gross NPA %
Net NPA %

Financials of Axis Bank

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +35,72741,40945,17546,61456,04463,71664,39768,84687,448112,759127,374132,538141,510
Interest21,34124,34426,78927,60433,88337,99634,62734,92343,38961,39171,03674,07580,012
Expenses +11,52113,86924,32729,71728,02035,97632,62131,21630,64440,03646,39553,95453,785
Financing Profit2,8653,196-5,941-10,706-5,860-10,256-2,8512,70713,41611,3339,9434,5097,712
Financing Margin %8%8%-13%-23%-10%-16%-4%4%15%10%8%3%5%
Other Income +8,8389,95512,42211,86314,18916,34213,57717,26818,34925,23028,54329,67429,419
Depreciation4204615275917378069761,04613,1431,3851,7631,8890
Profit before tax11,28312,6905,9545667,5925,2809,75018,92918,62135,17836,72232,29337,131
Tax %34%34%33%18%34%64%26%25%42%25%23%18%
Net Profit +7,4508,3583,9674645,0471,8797,25214,20710,91926,49228,19126,54830,038
EPS in Rs31.4235.0416.511.7819.596.5723.4945.9935.1685.4990.5884.8996.32
Dividend Payout %15%14%30%0%5%0%0%2%3%1%1%1%

Financials of Axis Bank

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital474477479513514564613614615617619622623
Reserves44,47553,08255,90163,69467,28885,776102,981117,647129,166156,406186,616214,414229,042
Deposits322,244358,302414,983455,658550,746642,157698,303820,914945,8251,067,1021,170,9211,333,7911,450,288
Borrowing84,394113,848112,455155,767161,250155,180152,249199,778206,214228,200220,687280,511324,488
Other Liabilities +15,65620,67827,64428,07134,24844,19446,85956,57662,59865,91378,119116,713110,889
Total Liabilities467,243546,387611,462703,703814,046927,8721,001,0051,195,5291,344,4181,518,2391,656,9631,946,0502,115,330
Fixed Assets +2,4473,3583,5183,6973,8423,9124,5014,7535,0005,8606,6616,7766,859
CWIP1052162923522884831182151422671212690
Investments118,527131,399129,018153,037174,056155,282225,336274,608288,095332,354396,685446,422453,434
Other Assets +346,164411,414478,633546,618635,860768,196771,050915,9521,051,1811,179,7581,253,4961,492,5831,655,037
Total Assets467,243546,387611,462703,703814,046927,8721,001,0051,195,5291,344,4181,518,2391,656,9631,946,0502,115,330

Financials of Axis Bank

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-15,162-34,49532,209-38,39037,12530,41612,63328,13722,075-5,55544,384-8,637
Cash from Investing Activity +-7,9729,211-12,458-10,007-18,674-9,485-54,288-27,112-32,351-9,001-51,178-45,068
Cash from Financing Activity +31,04522,495-2,48741,3425,6438,8657,27947,8946,64122,341-7,00060,358
Net Cash Flow7,910-2,78917,263-7,05524,09429,795-34,37548,919-3,6367,785-13,7946,653
Free Cash Flow-15,691-35,97031,441-39,23336,30029,33911,70826,73620,697-7,93141,951-10,797

Financials of Axis Bank

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %18%17%7%1%8%2%8%13%9%18%16%13%

Guidance history

How Axis Bank's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Flat———
Q4 FY26 call →10–20%Flat———
Q3 FY26 call →10–20%Flat———
Q2 FY26 call →10–20%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

54out of 100

Momentum score · price trend

54 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−2.1%58%
Last 6 months−5.9%45%
Last 3 months−1.2%63%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Axis Bank: 0.4 × 58 + 0.4 × 45 + 0.2 × 63 = 54.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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What Axis Bank's management said in earlier quarters