Axis Bank shares slipped nearly 4% in early trade and are currently hovering around Rs 1,237.3. The broader banking sector also witnessed mild pressure, with the BSE BANKEX index declining 0.7% to 66,230.0.
Among the major laggards on the BANKEX today were Bank of Baroda, which fell 0.8%, and IndusInd Bank, down 0.6%. On the upside, ICICI Bank edged up 0.1%, while Kotak Mahindra Bank also traded in positive territory.
Despite today’s decline, Axis Bank has delivered moderate gains over the past year, rising from Rs 1,145.6 to Rs 1,237.3—an increase of Rs 91.7, or 8% year-on-year.
In comparison, the BSE BANKEX index has outperformed Axis Bank, advancing from 60,506.8 to 66,230.0 over the last 12 months, reflecting a 9.5% gain during the same period.
The standout performers within the BANKEX over the past year include AU Small Finance Bank, which surged 65.1%, followed by IDFC First Bank with a 29.7% rise and Federal Bank, up 24.1%.
Benchmark Indices: Market Under Mild Pressure
Indian equity benchmarks were trading lower in today’s session. The BSE Sensex slipped 0.4% to 84,839.4, weighed down by losses in select heavyweight stocks.
Among the top laggards on the Sensex were Eternal Ltd, which declined 3.8%, and Tata Steel, down 1.2%. Eternal Ltd and NTPC emerged as the most actively traded stocks on the index.
On the NSE, the Nifty 50 was also down 0.4% at 25,912.5. Similar to the Sensex, Eternal Ltd and Tata Steel featured among the key losers on the Nifty.
Despite the current dip, the BSE Sensex has delivered positive returns over the past year, rising from 81,290.0 to 84,839.4, marking a gain of 3,549.4 points or 4.4% over the last 12 months.
Axis Bank Financial Update
Axis Bank reported a sharp decline in profitability for the quarter ended September 2025. The bank’s net profit fell 25.0% year-on-year to Rs 55,575 million, compared with Rs 74,089 million in the corresponding quarter last year.
However, revenue growth remained steady. Net sales increased 2.2% YoY to Rs 323,098 million, up from Rs 316,011 million in the July–September 2024 quarter.
On an annual basis, Axis Bank posted a 6.3% rise in net profit for FY25, with earnings reaching Rs 280,551 million, compared to Rs 263,862 million in FY24. The bank’s revenue grew 13.0% year-on-year to Rs 1,273,741 million during FY25.
At current levels, Axis Bank is trading at a price-to-earnings (P/E) ratio of 14.7, based on rolling 12-month earnings.
