HighPositive
Announced Fri, 10 Jul · 13:05 IST
Indian Bank Q1 Results: Standalone net profit rises 10% YoY to Rs 3,273 crore; shares zoom 10%
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Indian Bank reported a 10% YoY rise in standalone net profit to Rs 3,273 crore for Q1 FY27, with net interest income growing about 17% to Rs 7,435 crore. Asset quality improved sharply, with gross NPA ratio falling to 1.86% from 3.01% and net NPA ratio at 0.15%. The stock surged about 10% on the NSE to Rs 867.80 following the results.