Indian Bank Q2 FY27 Results: Consolidated Net Profit ₹3,447 Crore on Total Income of ₹23,336 Crore

Earnings
Banking

Blacklitt Research15 October 20263 min read

A stone bank building with tall columns and trees in front — Daderot, via Wikimedia Commons (CC0 1.0). Illustrative image.

Indian Bank reported consolidated total income of ₹23,335.98 crore and net profit of ₹3,446.86 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹23,058.62 crore and net profit was ₹3,462.24 crore.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹23,336 crore, up 21.1% YoY, up 11.1% QoQ
Net profit: ₹3,447 crore, up 13.4% YoY, up 4.5% QoQ
EPS: ₹26.29, against ₹23.07 in Q2 FY26
Other income: ₹4,186.99 crore, up 58.4% YoY and 44.3% QoQ

Standalone

The company on its own, without its subsidiaries

Total income: ₹23,059 crore, up 20.9% YoY, up 11.3% QoQ
Net profit: ₹3,462 crore, up 14.7% YoY, up 5.8% QoQ
EPS: ₹25.70, against ₹22.41 in Q2 FY26
Gross NPA: 1.61% of gross advances, against 2.60% a year earlier and 1.86% in June

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	23,335.98	19,271.09	+21.1%	20,997.38	+11.1%
Revenue from operations	19,148.99	16,628.28	+15.2%	18,095.14	+5.8%
Other income	4,186.99	2,642.81	+58.4%	2,902.24	+44.3%
	3,446.86	3,040.53	+13.4%	3,299.48	+4.5%
Tax expense	1,401.50	1,082.46	+29.5%	1,094.98	+28.0%
Net profit margin	14.77%	15.78%	-1.01 pp	15.71%	-0.94 pp
Tax as share of profit before tax	28.9%	26.3%	+2.65 pp	24.9%	+3.99 pp
EPS, basic (₹)	26.29	23.07	+14.0%	24.92	+5.5%

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.

A larger tax share held profit growth below income growth. Total income rose 21.1% to ₹23,335.98 crore and net profit 13.4% to ₹3,446.86 crore, and tax took 28.9% of profit before tax against 26.3%, so profit before tax rose about 19% (derived). Other income rose 58.4% to ₹4,186.99 crore and is now 18% of total income (derived), against 14% a year ago, while the core line rose 15.2%. The filing's results table does not split other income into fees, treasury and recoveries.

The consolidated profit is ₹15.4 crore below the standalone figure (derived), so subsidiaries and associates together subtract slightly from the bank's own result.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	23,058.62	19,076.57	+20.9%	20,723.62	+11.3%
Revenue from operations	19,105.83	16,589.94	+15.2%	18,090.16	+5.6%
Other income	3,952.79	2,486.63	+59.0%	2,633.46	+50.1%
	3,462.24	3,018.22	+14.7%	3,273.09	+5.8%
Tax expense	1,405.40	1,079.69	+30.2%	1,088.48	+29.1%
Net profit margin	15.01%	15.82%	-0.81 pp	15.79%	-0.78 pp
Tax as share of profit before tax	28.9%	26.3%	+2.52 pp	25.0%	+3.92 pp
EPS, basic (₹)	25.70	22.41	+14.7%	24.30	+5.8%

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.

Profit before tax grew faster than profit after tax. Standalone net profit rose 14.7% to ₹3,462.24 crore, but tax rose 30.2% to ₹1,405.40 crore, so profit before tax rose about 18.8% to about ₹4,868 crore (derived). The statement shows no exceptional item. Against June profit rose 5.8% from ₹3,273.09 crore, with the tax share up from 25.0%.

Asset quality improved. Gross NPAs were 1.61% of gross advances against 2.60% a year earlier and 1.86% in June, and net NPAs 0.14% against 0.16% and 0.15%. The operating profit margin in the statement is 30.75% against 25.35% a year ago. Operating expenses rose 9.1% to ₹4,581.63 crore, slower than income. For H1 FY27 net profit is ₹6,735.33 crore against ₹5,991.04 crore (+12.4%).

The board approved a fund-raising plan other than equity: long-term infrastructure bonds of up to ₹5,000 crore, for financing and refinancing infrastructure and affordable housing, and Basel III compliant AT1 or Tier 2 bonds of up to ₹2,000 crore, in one or more tranches this or in later years. It is an enabling approval, and the filing gives no timing or pricing.

Inference

Indian Bank's operating profit and asset quality improved more than its profit after tax shows, because the tax share rose by about 2.6 percentage points.

The bond plan is permission to raise up to ₹7,000 crore in tranches; the filing does not say when or at what cost.

Reference: Original filing (PDF)

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Indian Bank Q2 FY27 Results: Consolidated Net Profit ₹3,447 Crore on Total Income of ₹23,336 Crore

Key highlights

Consolidated

Standalone

Summary

Inference

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