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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Axis Bank shares fall over 4% despite 38% YoY jump in Q2 net profit. Why brokerages are revising target prices

Axis Bank Jefferies Centrum Broking Dolat Capital

Shares of Axis Bank dipped over 4% to Rs 1,232 on the BSE on Monday after the private lender reported a 38% year-on-year increase in standalone net profit to Rs 7,003 crore for the second quarter of FY27.

Axis Bank on Saturday released its Q2 FY27 results, reporting an increase in net profit from Rs 5,089 crore recorded in the corresponding quarter of the previous financial year. However, Q2 FY27 profit fell short of the average estimate of Rs 7,124 crore, according to LSEG-compiled data cited by Reuters. The lender’s net interest income (NII) rose 12% YoY to Rs 15,371 crore, while net interest margin for the quarter under review stood at 3.36%.

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