Axis Bank on Saturday reported a 23 percent year-on-year rise in standalone net profit to Rs 7,114 crore for the April-June quarter of FY27, driven by steady operating performance and stable asset quality. The private sector lender had reported a net profit of Rs 5,806 crore in the corresponding quarter last year. Net interest income (NII), the difference between interest earned and interest paid, increased 8 percent year-on-year to Rs 14,646 crore from Rs 13,560 crore a year ago. Net interest margin (NIM) for the quarter stood at 3.46 percent. Fee income rose 7 percent to Rs 6,156 crore, while total non-interest income stood at Rs 6,735 crore. Operating profit came in at Rs 11,659 crore, while core operating profit rose 10 percent year-on-year to Rs 11,122 crore.