Indian Bank Q1FY27 Net Profit Surges 10.09% YoY to ₹3,273 Crore
Indian Bank reported a Q1FY27 net profit of ₹3,273 Crore, up 10.09% YoY. Total business grew 13.66% to ₹15,29,201 Crore, with advances up 13.89% and deposits up 13.47%. GNPA ratio improved to 1.86%. The bank also received multiple awards including 'Best PSB Award 2024-25'.
The announcement details significant financial performance improvements and asset quality enhancements for the quarter, which are material to investors and stakeholders.
The bank has shown robust year-on-year growth in net profit, operating profit, net interest income, and total business. Improvements in NIM, reduction in cost of funds, and a decrease in GNPA ratio further contribute to the positive sentiment.
Indian Bank announced its unaudited financial results for the first quarter of FY 2026-27, ended June 30, 2026. The bank reported a 10.09% year-on-year increase in net profit, reaching ₹3,273 Crore compared to ₹2,973 Crore in the same period last year. Operating profit saw a significant rise of 16.50% YoY to ₹5,557 Crore.
Net Interest Income grew by 16.92% YoY to ₹7,435 Crore. The domestic Net Interest Margin (NIM) improved to 3.41% from 3.35% YoY. The Cost to Income Ratio decreased by 98 basis points to 44.80%. The Cost of Deposits (CoD) and Cost of Funds (CoF) also reduced by 34 bps and 40 bps respectively.
Total business increased by 13.66% YoY to ₹15,29,201 Crore. Gross Advances rose by 13.89% YoY to ₹6,84,623 Crore, with RAM (Retail, Agriculture & MSME) advances growing by 14.80% YoY. Total Deposits increased by 13.47% YoY to ₹8,44,578 Crore, and the domestic CASA ratio improved to 39.73%.
Asset quality remained resilient, with the Gross Non-Performing Asset (GNPA) ratio reduced to 1.86% from 3.01% YoY. The Net Non-Performing Asset (NNPA) ratio stood at 0.15%. The Provision Coverage Ratio (PCR) improved to 98.22%. The bank's Capital Adequacy Ratio (CAR) was reported at 17.58%.
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