16 Oct 2025 | 3 Mins Read
Axis Bank stock tumbles after poor Q2 earnings
Flipitmoney
Axis Bank reported a 26% YoY drop in net profit to Rs 5,090 crore in Q2FY26, driven by higher provisions for bad loans and lower NIMs. The bank's NIMs shrank 3.73% from 4% last year, due to RBI's 100bps lending rate cuts and provisions rose 61% YoY to Rs 3,547 crore. Nuvama retains a 'Hold' call and target price of Rs 1,180 on the stock.