Axis Bank Q1 FY27 Results: Net Profit Jumps 22% YoY To Rs 7,632

Axis Bank reported a 22 per cent increase in Q1 net profit to Rs 7,632, supported by lower provisions and growth in advances, deposits, and net interest income. Simultaneously, HDFC Bank saw its profit rise 5 per cent year-on-year to Rs 19,060 crore. HDFC Bank's net interest income, representing the gap between interest earned on loans and interest paid on deposits, grew 7 per cent year-on-year, reaching a total of Rs 33,534 crore during the quarter.