Major private sector lenders across the country have published their financial results for the second quarter spanning July to September of the financial year 2026-27. The latest quarterly disclosures indicate sustained operational resilience and financial growth among leading commercial institutions, with HDFC Bank, ICICI Bank, and Axis Bank all recording higher profitability compared to the corresponding period of the previous financial year.
HDFC Bank Delivers Steady Top-Line and Bottom-Line Growth
HDFC Bank, the largest private sector lender in the country, recorded a 5.55 percent increase in its consolidated net profit for the September quarter. The institution's consolidated net profit reached Rs 20,700 crore, advancing from the Rs 19,611 crore reported during the second quarter of the preceding financial year. On an individual, standalone basis, net profit grew by 4.7 percent to settle at Rs 19,510 crore for the three-month period.
The bank's overall earnings also expanded in line with higher business activity. Consolidated total revenue increased to Rs 97,258 crore during the quarter, compared to Rs 91,040 crore generated in the corresponding timeframe a year earlier. Operating expenditures rose concurrently, as total expenses climbed from Rs 63,117 crore in the previous year's second quarter to Rs 67,774 crore in the period under review.
ICICI Bank Sees Core Interest Revenue and Profit Surge
ICICI Bank, the second-largest private lender in the country, posted strong double-digit growth in its consolidated net profit for the July-September quarter of financial year 2026-27. The bank's consolidated net earnings advanced by 22.28 percent to touch Rs 16,333.18 crore, compared to Rs 13,357.06 crore posted in the same quarter of the prior financial year.
On a standalone basis, the lender's net profit surged by 20.1 percent, reaching Rs 14,843 crore. A major contributor to this financial expansion was core lending operations, reflected in core net interest income, which expanded by 17.7 percent to touch Rs 25,339 crore during the September quarter, showing continued lending momentum across its operational verticals.
Axis Bank Posts Robust 39.4 Percent Profit Jump
Axis Bank recorded substantial bottom-line expansion during the second quarter of financial year 2026-27. The private lender posted a 39.4 percent increase in consolidated net profit, which stood at Rs 7,704.67 crore against Rs 5,527.85 crore registered in the corresponding quarter of the previous financial year. On a standalone footing, net earnings grew by 37.6 percent to Rs 7,003.28 crore, up from Rs 5,089.64 crore in the previous comparison period.
Core Operating Strength and Net Interest Income Trajectory
The operating profit of Axis Bank rose by 6 percent during the second quarter to reach Rs 11,083 crore, while its core operating profit climbed 11 percent to settle at Rs 10,998 crore. Concurrently, operating costs increased by 9 percent on a year-on-year basis during the three-month window. The lender's net interest income (NII) came in at Rs 15,371 crore, representing a 5 percent increase over the previous quarter and a 12 percent advance when measured against the same period of the previous financial year.
