Axis Bank reported its Q1FY26 results with a net profit decline of 3.8% year-over-year to ₹5,806 crore, slightly below the CNBC-TV18 poll estimate of ₹6,217 crore. Net interest income (NII) rose marginally by 0.8% to ₹13,560 crore. The bank's gross non-performing assets (NPA) increased to 1.57% from 1.28% quarter-over-quarter. Despite these results, Axis Bank's management expressed confidence in the financial year 2026 outlook. Meanwhile, Bandhan Bank experienced a sharp 65% year-over-year drop in net profit to ₹372 crore for Q1FY26, attributed to rising bad loans and declining core income. Bandhan's net interest income declined 1% year-over-year to ₹2,757 crore, while pre-provision operating profit (PPOP) fell 14% year-over-year but increased 6% quarter-over-quarter to ₹1,668 crore. In contrast, Atul Ltd reported a 14.3% year-over-year increase in net profit to ₹128 crore and a 12% rise in revenue to ₹1,478 crore for the same quarter. However, Atul's shares declined 4% following a contraction in margins. The broader Indian stock market reflected these mixed earnings results, with the Sensex falling 600-650 points and the Nifty50 dropping below 25,000 amid concerns over earnings and potential US tariffs of 10-15% on Indian goods in a pending trade deal.
Q1FY26 Systematix Results Update: Atul Ltd https://t.co/OCNU09Iz9Q
Bandhan Bank Ltd (CMP: Rs 187 | M-Cap: Rs 30,157 cr) 1QFY26 Result Update Financial Overview 🔹NII declined 1% YoY and flat QoQ to Rs 2,757 cr. PPOP declined 14% YoY and grew 6% QoQ to Rs 1,668 cr. 🔹PAT stood at Rs 372 cr, declining 65% YoY and growing 17% QoQ driven by https://t.co/fEyntrEPWD
Q1FY26 Systematix Results Update: Bandhan Bank Ltd https://t.co/BNvcsYBtYs