Q2FY27 profit rises 33%; Lakshya 2031 targets reiterated
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Q2FY27 profit after tax rose 33% year on year to ₹975 crore. The loan book grew 28% to ₹1,36,635 crore and retail disbursements rose 27% to ₹24,027 crore. Credit cost improved to 2.46%, return on assets reached 2.60% and return on equity was 13.56%. Management retained its Q4FY27 credit cost target of 2% to 2.2% and reiterated Lakshya 2031 targets.
Positive: profit and loan growth support returns as credit costs improve. Risks: rural weather, funding rates and insurance commission cuts.