Indian Bank reported a net profit of Rs 3,273.09 crore for the first quarter of FY2026-27 ended June 30, 2026, up 10.1 percent from Rs 2,972.82 crore in the same quarter last year. The bank's board approved the unaudited standalone and consolidated financial results at a meeting held on July 10, 2026.
Total income for the quarter rose to Rs 20,723.62 crore from Rs 18,721.31 crore in the year-ago period. Net interest income increased to Rs 18,090.16 crore from Rs 16,282.71 crore, driven by higher interest on advances of Rs 13,123.41 crore compared with Rs 11,737.80 crore. Other income came in at Rs 2,633.46 crore, up from Rs 2,438.60 crore.
Interest expended rose to Rs 10,655.40 crore from Rs 9,923.84 crore a year ago. Operating expenses stood at Rs 4,510.93 crore against Rs 4,027.19 crore. Operating profit improved to Rs 5,557.29 crore from Rs 4,770.28 crore. The bank made provisions of Rs 1,195.72 crore, including Rs 375.62 crore for non-performing assets, against Rs 691.00 crore in the year-ago quarter.
Asset quality improved with gross non-performing assets declining to 1.86 percent of gross advances as on June 30, 2026, from 3.01 percent a year earlier. The gross NPA amount stood at Rs 12,710.34 crore, down from Rs 18,066.88 crore. Net NPAs stood at 0.15 percent, compared with 0.18 percent in the same period last year, with net NPA at Rs 990.22 crore.
The bank's capital adequacy ratio under Basel III stood at 17.58 percent as of June 30, 2026, with common equity tier 1 ratio at 16.51 percent. Return on assets stood at 1.31 percent. Earnings per share for the quarter was Rs 24.30 on a face value of Rs 10 each. Net profit margin stood at 15.79 percent.
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