Motilal Oswal Maintains Neutral Rating on Axis Bank, Sets Rs 1,475 Target

Motilal Oswal's report cites Axis Bank's 2QFY27 net profit of INR70.0b, up 38% year over year and down 2% quarter over quarter, missing estimates by 4%. Net interest income rose 12% year over year and 5% quarter over quarter to INR153.7b, beating estimates by 3%.