Bank Of India Q2 FY27 Results: Consolidated Net Profit ₹3,222 Crore on Total Income of ₹24,137 Crore

Earnings
Banking

Blacklitt Research23 October 20264 min read

Bank Of India reported consolidated total income of ₹24,137.25 crore and net profit attributable to owners of ₹3,222.11 crore for the quarter ended 30 Sep 2026, with profit for the period of ₹3,308.82 crore. Standalone total income was ₹23,998.73 crore and net profit ₹3,202.38 crore. It said in a filing on 23 Oct 2026.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹24,137.25 crore, up 16.4% YoY and 6.3% QoQ
Net profit: ₹3,222.11 crore attributable to owners, up 27.6% YoY; profit for the period ₹3,308.82 crore
EPS: ₹7.27 basic, up 28.4% YoY and 0.3% QoQ
Other income: ₹2,767.35 crore, 11.5% of total income, up 24.7% YoY

Standalone

The company on its own, without its subsidiaries

Total income: ₹23,998.73 crore, up 16.4% YoY and 6.5% QoQ
Net profit: ₹3,202.38 crore, up 25.4% YoY and 4.4% QoQ
EPS: ₹7.03 basic, up 25.3% YoY and 4.3% QoQ
Other income: ₹2,769.86 crore, 11.5% of total income, up 24.8% YoY

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	24,137.25	20,739.87	+16.4%	22,712.28	+6.3%
Revenue from operations	21,369.90	18,521.48	+15.4%	20,096.90	+6.3%
Other income	2,767.35	2,218.39	+24.7%	2,615.38	+5.8%
	3,222.11	2,525.64	+27.6%	3,138.46	+2.7%
Tax expense	1,098.79	835.18	+31.6%	1,028.41	+6.8%
Net profit margin	13.35%	12.18%	+1.17 pp	13.82%	-0.47 pp
Tax as share of profit before tax	25.4%	24.9%	+0.58 pp	24.7%	+0.75 pp
EPS, basic (₹)	7.27	5.66	+28.4%	7.25	+0.3%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit attributable to owners grew faster than total income: 27.6% against 16.4% YoY. Profit before tax rose 28.6%, from ₹3,360.82 crore to ₹4,320.90 crore, and tax expense rose 31.6% to ₹1,098.79 crore. Tax was 25.4% of profit before tax, against 24.9% a year earlier.

Other income of ₹2,767.35 crore grew 24.7% YoY, faster than revenue from operations at 15.4%. It is 11.5% of total income and 64.0% of profit before tax. Note 5 says other income includes commission and brokerage, fee income, profit or loss on sale of fixed assets and on revaluation of investments, foreign exchange and derivative earnings, recoveries from accounts previously written off and dividend income.

Profit for the period in the statement is ₹3,308.82 crore, while the table uses ₹3,222.11 crore, which the statement's own columns show as profit after tax before the associate and minority lines. The statement shows share of earnings in associates of ₹87.59 crore (8,759 lakh) and minority interest of ₹0.88 crore (88 lakh) for the quarter. Those two lines account for the ₹86.71 crore difference between the two profit figures.

The consolidated columns carry an exceptional item of ₹518.80 crore (51,880 lakh). Note 23 ties it to the transfer of two sponsored Regional Rural Banks and dates the transfer to the quarter ended 30 Jun 2025, not to the year-ago quarter ended 30 Sep 2025 used in this table.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	23,998.73	20,625.92	+16.4%	22,528.47	+6.5%
Revenue from operations	21,228.87	18,406.09	+15.3%	19,949.32	+6.4%
Other income	2,769.86	2,219.83	+24.8%	2,579.15	+7.4%
	3,202.38	2,554.57	+25.4%	3,067.90	+4.4%
Tax expense	1,089.23	825.04	+32.0%	1,019.58	+6.8%
Net profit margin	13.34%	12.39%	+0.96 pp	13.62%	-0.27 pp
Tax as share of profit before tax	25.4%	24.4%	+0.97 pp	24.9%	+0.44 pp
EPS, basic (₹)	7.03	5.61	+25.3%	6.74	+4.3%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone net profit rose 25.4% YoY, slower than profit before tax, which grew 27.0% to ₹4,291.61 crore. Tax expense rose 32.0% to ₹1,089.23 crore and was 25.4% of profit before tax, against 24.4% a year earlier. Standalone shows no exceptional item in the quarter.

Revenue from operations of ₹21,228.87 crore rose 15.3% YoY, slower than other income at 24.8%. Other income is 64.5% of standalone profit before tax. Consolidated total income is ₹138.52 crore above standalone, and consolidated net profit attributable is ₹19.73 crore above standalone.

Asset quality improved in the quarter. Gross NPA was 1.60% against 1.81% at 30 Jun 2026, net NPA was 0.42% against 0.51%, and the provision coverage ratio including technical written-off accounts was 94.45%, against 93.57% at 31 Mar 2026. Standalone CET 1 ratio was 15.49% and the Basel III capital adequacy ratio 17.78% at 30 Sep 2026.

Inference

For the Bank's capital, the statement shows a ₹1,800 crore Basel III Tier II bond redemption in the quarter and a transfer of ₹1,394.59 crore from Investment Fluctuation Reserve to General Reserve in the half year, under an RBI circular dated 18 May 2026. The Government of India holds 73.38% of the shares. Per share, consolidated basic EPS is ₹7.27 for the quarter.

The auditors' review reports carry unmodified opinions on both results. The auditors reviewed 52.73% of the standalone advances portfolio. The filing does not say whether the Tier II redemption will be replaced by new issuance, what the Labour Codes will cost once their rules are notified, or whether a dividend has been declared for the quarter.

Reference: Original filing (PDF)

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