Results After Friday's Close: HDFC, ICICI, Axis and 5 More
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In short: Since Friday's market close, seven banks and ixigo announced July–September 2026 results. Six of the seven banks grew profit. The main driver was lower provisions for bad loans, not faster interest income, and margins got thinner at ICICI Bank and Axis Bank. These results reach the market on Monday 19 October.
The numbers
| Bank | Net profit (₹ cr) | NII YoY |
|---|---|---|
| HDFC Bank | 19,510 (+4.7%) | +9.7% |
| ICICI Bank | 14,843 (+20.1%) | +17.7% |
| Axis Bank | 7,003 (+38.0%) | +12.0% |
| IDBI Bank | 2,205 (−39.2%) | +29% |
| Central Bank of India | 1,469 (+21.1%) | +26.3% |
| Yes Bank | 1,080 (+65.0%) | +22.7% |
| Punjab & Sind Bank | 412 (+39.7%) | +22.3% |
HDFC Bank: weak headline, better core
Profit rose only 4.7% to ₹19,510 crore because treasury gains fell to ₹780 crore from ₹2,390 crore. Excluding treasury gains, profit rose 12.6%.
- NII grew 9.7% to ₹34,620 crore
- Net interest margin: 3.32% on interest-earning assets
- Average deposits up 16.8%; CASA deposits up 10.7%
ICICI Bank: strong growth, thinner margin
Profit rose 20.1% to ₹14,843 crore (consolidated ₹16,333 crore, +22.3%).
- Loans up 30% (24.1% excluding FCNR-linked loans)
- Gross NPA fell to 1.20% from 1.58% a year ago
- But margin slipped to 4.18% from 4.30% a year ago and 4.36% last quarter
Axis Bank: profit jump from lower provisions
Profit rose 38% to ₹7,003 crore, while NII grew only 12%. The gap came from provisions falling 52% to ₹1,694 crore.
- Gross NPA 1.16% (1.28% last quarter)
- Margin 3.36%, down from 3.55% a year ago
- Loans up 23%, deposits up 21%
PSU banks and others
- Central Bank of India: profit +21.1% to ₹1,469 crore; NII +26.3%; gross NPA down to 2.39% from 3.01%
- Punjab & Sind Bank: profit +39.7% to ₹412 crore; gross NPA 2.09% (2.92% a year ago)
- Yes Bank: profit +65% to ₹1,080 crore; NII +22.7%
- IDBI Bank: profit −39% to ₹2,205 crore, but only because last year had a ₹1,699 crore one-time gain from selling its NSDL stake. Without it, profit rose about 14%; NII rose 29%
- ixigo: record profit of ₹63.4 crore, helped by a partial stake sale in Freshbus; revenue +13% to ₹321 crore, while adjusted EBITDA fell 17%
What it means for Monday
- Bad-loan costs are the story. Most profit growth came from lower provisions and improving asset quality, not from earning more per loan.
- Margins are under pressure. ICICI and Axis both earned less on each rupee lent than a year ago. Watch whether management sees this continuing.
- Read past the headline. HDFC Bank's 4.7% hides 12.6% core growth; IDBI's −39% hides 14% underlying growth.
Next up: Bajaj Finance and UltraTech Cement report on Monday 19 October. See the results calendar.
This is an educational summary of reported results. It is not investment advice or a recommendation to buy or sell any security. Pokharna Research does not claim SEBI registration. Figures are as reported and may be restated; check the company's own filing before relying on any number.