Overview
- The bank announced unaudited Q1 FY27 results on Monday showing standalone net profit of about ₹755.7–₹756 crore, a roughly 45% year‑on‑year rise from the prior year.
- Core operating performance improved sharply with pre‑provision operating profit of about ₹1,096 crore and net interest income of roughly ₹1,423 crore, and net interest margin widened to 4.34%.
- The balance sheet expanded about 15% year‑on‑year as total advances crossed ₹1.05 lakh crore for the first time and total business reached about ₹2.27 lakh crore driven by deposit and loan growth.
- Asset quality and buffers remained strong with GNPA at 0.74%, NNPA at 0.19%, a provision coverage ratio near 96%, and a Basel III capital adequacy ratio of 18.61%, well above regulatory minimums.
- Markets reacted positively on Tuesday with the stock rising as much as about 9.5% intraday, a move that underscores renewed investor confidence and could support the bank's capacity to lend more into semi‑urban and rural markets.