AXIS BANK, HDFC BANK, ICICI BANK Q1 PREVIEW: WHICH PRIVATE LENDER MAY POST STRONGEST JUNE QUARTER?
Three of India's largest private sector lenders — Axis Bank, HDFC Bank and ICICI Bank — are set to announce their June quarter (Q1FY27) results tomorrow, on July 18, 2026. According to Zee Business Research, all three banks are expected to report healthy earnings, supported by steady loan growth and stable asset quality.
Among the three, Axis Bank is expected to report the highest year-on-year growth in profit, helped by a sharp decline in provisions. HDFC Bank is likely to deliver steady earnings as its post-merger integration continues to improve, while ICICI Bank is expected to report stable operational performance and healthy business growth.
Axis Bank Q1FY27 Preview
According to Zee Business Research, Axis Bank's net interest income (NII) is expected to rise 10 per cent year-on-year to Rs 14,990 crore from Rs 13,560 crore. Net profit is estimated to increase 15 per cent to Rs 6,680 crore from Rs 5,806 crore.
Gross non-performing assets (GNPA) are expected to improve to 1.3 per cent from 1.4 per cent in the previous quarter, while net NPA (NNPA) is likely to remain unchanged at 0.4 per cent.
Provisions are estimated at Rs 2,400 crore, lower than Rs 3,950 crore a year ago and Rs 3,520 crore in the March quarter.
The brokerage expects lower provisions and reduced credit costs to support profitability. Improvement in the unsecured portfolio and lower agriculture-related slippages are also expected to help asset quality.
HDFC Bank Q1FY27 Preview
HDFC Bank is expected to post an 8 per cent rise in NII to Rs 34,100 crore from Rs 31,438 crore a year ago. Net profit is likely to grow 6 per cent to Rs 19,230 crore from Rs 18,155 crore.
Provisions are estimated at Rs 3,280 crore, down 77 per cent year-on-year from Rs 14,440 crore but up 26 per cent sequentially from Rs 2,610 crore.
GNPA is expected to improve to 1.1 per cent from 1.2 per cent in the previous quarter, while NNPA is likely to remain stable at 0.4 per cent.
Zee Business Research expects stable performance, supported by the retail loan portfolio. The bank's net interest margin (NIM) is expected to remain within its recent range of 3.35-3.5 per cent.
Investors will also watch management commentary on credit growth, deposit growth, post-merger integration and the bank's leadership transition.
ICICI Bank Q1FY27 Preview
ICICI Bank's NII is expected to increase 10 per cent year-on-year to Rs 23,910 crore from Rs 21,635 crore. Net profit is estimated to rise 3 per cent to Rs 13,160 crore from Rs 12,768 crore.
Provisions are likely to decline 17 per cent year-on-year to Rs 1,500 crore from Rs 1,814 crore, but may increase sharply from Rs 96 crore in the previous quarter.
GNPA is expected to remain unchanged at 1.4 per cent, while NNPA is likely to stay at 0.3 per cent.
According to Zee Business Research, the bank is expected to report stable operational performance and strong business growth, led by retail and SME lending. Investors will also monitor management's comments on the unsecured loan portfolio, while the rise in sequential provisions is expected to reflect higher provisioning requirements.
| Particulars | Axis Bank | HDFC Bank | ICICI Bank |
|---|---|---|---|
| NII | Rs 14,990 crore (+10%) | Rs 34,100 crore (+8%) | Rs 23,910 crore (+10%) |
| Net Profit | Rs 6,680 crore (+15%) | Rs 19,230 crore (+6%) | Rs 13,160 crore (+3%) |
| GNPA | 1.3% | 1.1% | 1.4% |
| NNPA | 0.4% | 0.4% | 0.3% |
| Provisions | Rs 2,400 crore | Rs 3,280 crore | Rs 1,500 crore |
HDFC Bank, ICICI Bank and Axis Bank Share Price
Ahead of their June quarter (Q1FY27) earnings, shares of HDFC Bank, ICICI Bank and Axis Bank traded higher on Friday. HDFC Bank rose 1.4 per cent to Rs 819.60, giving the lender a market capitalisation of Rs 12.63 lakh crore. The stock remains down 17.3 per cent so far in 2026 and is about 19.7 per cent below its 52-week high of Rs 1,020.50.
ICICI Bank gained 1.6 per cent to Rs 1,441.50, taking its market capitalisation to Rs 10.35 lakh crore. The stock has risen 7.8 per cent year-to-date and is trading close to its 52-week high of Rs 1,500.
Axis Bank advanced 1 per cent to Rs 1,320.80, with its market capitalisation standing at Rs 4.11 lakh crore. The stock has gained 3.6 per cent so far this year and is around 6.9 per cent below its 52-week high of Rs 1,418.30.
2026-07-17T07:33:20Z
