Axis Bank shares fell despite reporting a 22.5% year-on-year rise in Q1FY27 standalone net profit to Rs 7,114 crore. Net interest income (NII) grew over 8% YoY to Rs 14,646 crore, beating some brokerage estimates, but mixed analyst views and concerns over margins weighed on investor sentiment.
Axis Bank shares fell despite reporting a 22.5% year-on-year rise in Q1FY27 standalone net profit to Rs 7,114 crore. Net interest income (NII) grew over 8% YoY to Rs 14,646 crore, beating some brokerage estimates, but mixed analyst views and concerns over margins weighed on investor sentiment.
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Shares of Axis Bank declined 5% to Rs 1,261 on the BSE on Monday even after the private lender reported a 22.5% year-on-year rise in standalone net profit to Rs 7,114 crore for the April-June quarter of FY27, with brokerages issuing mixed calls for the stock.The private lender on Saturday released its Q1 FY27 results. Its net interest income (NII), meanwhile, rose more than 8% YoY to Rs 14,646 crore during the first quarter of the ongoing financial year 2027, from Rs 13,560 crore reported in th…
