Growth during the second quarter was underpinned by a 31% surge in net interest income to Rs 873 crore, while non-interest income expanded by 35% to Rs 350 crore. Operational gains pushed gross profit up 40% to Rs 661 crore even as operating expenses increased. Asset quality strengthened considerably, with the bank's gross non-performing assets dropping by 98 basis points down to 1.44%. The bank's financial stability remained well protected, supported by a healthy capital adequacy ratio of 21.26% under Basel III guidelines.
Key points
Asset quality indicators improved across the board, leaving the net non-performing asset…: Asset quality indicators improved across the board, leaving the net non-performing asset ratio at just 0.48%.
First-half profit after tax rose 26% to Rs 798 crore while return on equity reached 14.78…: First-half profit after tax rose 26% to Rs 798 crore while return on equity reached 14.78%.
The lender's shares have appreciated by 122.68% over a three-year period following sustai…: The lender's shares have appreciated by 122.68% over a three-year period following sustained operational growth.
Sources checked by our analysis pipeline: 1
Net interest income (NII) grew 31% to Rs 873 crore from Rs 667 crore a year earlier. Non-interest income rose 35% to Rs 350 crore from Rs 259 crore, while net interest margin (NIM) improved to 3.87% from 3.63% in Q2 FY26.
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The operating expenses were recorded at Rs 562 crore in Q2FY27 compared to Rs 455 crore in the same time period a year ago. The Gross Profit for Q2 FY 27 stood at Rs 661 crore as against Rs 471 crore in Q2 FY 26 with a growth of 40%.
The bank made a provision for bad debts of Rs 120 crore in Q2 as against Rs 110 crore in the corresponding period last year. The bank has provided Rs 27 crore towards Standard Assets, and a contingent provision of Rs 50 crore has been made during this quarter.
Total deposits rose 21% to Rs 83,893 crore in Q2FY27 from Rs 69,486 crore in the corresponding period last year.…
The consumer goods major is navigating near-term commodity inflation by implementing cost efficiencies and calibrated price hikes to protect its operating margins. Although major brokerages trimmed their price targets to account for potential volume pressures and sector-wide valuation adjustments, they continue to project strong upside. Management anticipates stronger operational momentum by FY27 as rural consumption recovers and distribution channel transformations take effect.
Softening global crude costs and falling American sovereign yields offered welcome relief to domestic fixed-income markets during Thursday trading. However, this momentum was restrained by local headwinds, including currency depreciation and anticipation of heavy central government borrowing. The mixed environment continues to complicate domestic inflation expectations alongside previous Reserve Bank of India policy tightening.
The Dutch lender is moving ahead with substantial capital returns despite its latest quarterly earnings failing to meet analyst projections. Investors face limited visibility on the underlying performance drivers as specific financial metrics remain scarce for now. This massive capital distribution suggests a strong commitment to shareholder rewards even during operational underperformance.