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Stay 'Neutral' On Axis Bank Maintains Motilal Oswal Post Mixed Q1 Results

Motilal Oswal retains Neutral stance on Axis Bank with a target price of Rs 1,250 (1.6x FY27E adjusted book value + Rs 137 for subs).

<div class="paragraphs"><p>Axis Bank's net interest income was flat YoY at Rs 135.6 billion (down 2% QoQ, in line). Net interest margins declined by 17bp QoQ to 3.80% (in line).(Photographer: Vijay Sartape/ Source: NDTV Profit) 12_02_2024. (1)</p></div>
Axis Bank's net interest income was flat YoY at Rs 135.6 billion (down 2% QoQ, in line). Net interest margins declined by 17bp QoQ to 3.80% (in line).(Photographer: Vijay Sartape/ Source: NDTV Profit) 12_02_2024. (1)
Axis Bank reported Q1 FY26 net profit of Rs 58.1 billion (down 4% YoY, in line) as lower opex and higher other income offset higher provisions. Net interest income was flat YoY at Rs 135.6 billion (down 2% QoQ, in line). Net interest margins declined by 17bp QoQ to 3.80% (in line).
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