Axis Bank Reports Strong Q4 Growth, Beating Estimates with 18% Rise in Advances
Axis Bank shares in focus after lender's Q4 update beats estimates; advances grow 18%, deposits rise 14%
The Economic Times
Image: The Economic Times
Axis Bank, a private lender in India, reported a 18.4% year-on-year increase in gross advances, reaching ₹12.44 lakh crore for Q4 FY26, along with a 14% rise in total deposits to ₹13.36 lakh crore. These results surpassed brokerage expectations, indicating robust business growth despite recent stock volatility.
- 01Axis Bank's gross advances grew by 18.4% YoY, exceeding estimates.
- 02Total deposits increased by 14% YoY, indicating strong customer confidence.
- 03CASA deposits rose nearly 11% YoY, while term deposits increased by 16% YoY.
- 04The bank's CD ratio improved to 93.1%, reflecting effective lending strategies.
- 05Despite recent stock declines, Axis Bank shares gained 41% over three years.
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Axis Bank's latest Q4 business update revealed impressive growth figures, with gross advances rising 18.4% year-on-year to ₹12.44 lakh crore and total deposits increasing by 14% to ₹13.36 lakh crore. The bank's CASA (Current account and savings account) deposits saw a nearly 11% increase, while term deposits grew more than 16% compared to the previous year. These results surpassed estimates from Motilal Oswal Financial Services, which had projected a 15% growth in advances and 12% in deposits. The bank's improved CD ratio stood at 93.1%, up from 92.8% in the previous quarter, indicating effective management of its lending portfolio. Despite a recent 9% decline in share price over the past month due to geopolitical tensions, Axis Bank's stock has appreciated by 41% over the last three years, showcasing its resilience in the market.
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The strong growth in advances and deposits suggests increased lending capacity for Axis Bank, which could lead to more loans for consumers and businesses, potentially stimulating economic activity.
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