Indian Bank Q2 FY27: Net Profit up 14.71% YoY to Rs 3,462 Cr
INDIANB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Midcap 150 and 0.8 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Indian Bank posted Q2 FY27 net profit of Rs 3,462 Cr, up 14.71% YoY. Operating profit surged 46.58% YoY to Rs 7,090 Cr. Net Interest Income rose 17.83% to Rs 7,719 Cr. Gross advances grew 16.39% YoY to Rs 7.22 lakh Cr, deposits up 12.50% to Rs 8.74 lakh Cr. Asset quality improved with GNPA at 1.61% and NNPA at 0.14%. Cost-to-income ratio improved to 39.25%. RoA at 1.31% and RoE at 19.65%.
Strong all-round performance with healthy profit growth, improved asset quality and better efficiency ratios. Positive for shareholders.