Minus this extraordinary item, PAT (profit after tax) would have been Rs 2,026 crore, up 157 per cent year-on-year, it said.
The bank's total income (standalone) rose to Rs 19,333.57 crore in the second quarter of 2019-20 from Rs 15,959.37 crore in same period last year, it said.
The bank showed improvement on asset quality, with gross non-performing assets (NPAs) falling to 5.03 per cent of gross advances at the end of September 2019 from 5.96 per cent a year ago.
Net NPAs stood at 1.99 per cent as against 2.54 per cent a year ago.
Shares of Axis Bank
on Tuesday closed 0.49 per cent higher at Rs 712.70 on the BSE.