Mumbai/IBNS, Jan. 27 -- Axis Bank shares surged over 5% on Tuesday after the lender reported its Q3 FY26 results, media reports said.

Axis Bank posted a steady performance in Q3 FY26, with net profit increasing to Rs.6,490 crore, while profit rose sharply on a sequential basis, supported by stable net interest income and robust fee growth.

Net interest income grew around 5% YoY to Rs.14,287 crore, with net interest margin at about 3.64%.

The bank's balance sheet remained healthy, with advances rising 14% YoY and deposits growing 15% YoY, reflecting sustained credit demand and strong deposit mobilisation.

Asset quality also strengthened, with gross NPAs at 1.40% and net NPAs at 0.42%, both showing sequential improvement.

The capital p...