Board approves unaudited Q2 and H1 results; joint auditors' limited review conclusion unmodified
Board met on 23rd October 2026 and approved the unaudited results for the quarter and half year ended 30th September 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 18,156,629 | 15,396,615 | +17.9% | 17,414,450 | +4.3% |
| Profit before tax | 1,703,642 | 749,907 | +127% | 1,552,316 | +9.7% |
| Profit after tax | 1,703,642 | 749,907 | +127% | 1,552,316 | +9.7% |
| Basic EPS | 16.12 | 7.13 | +126% | 14.74 | +9.4% |
- Total income YoY growth
- 15,396,615 (+17.9%)
- Period
- Quarter ended 30.09.2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- During the quarter, 86,498 NPA accounts with aggregate principal outstanding of ₹ 300.28 crores (net book value ₹ 167.88 crores) were transferred to ARCs for aggregate consideration of ₹ 168.28 crores.
- During the quarter and half year, the Bank allotted 4,81,050 and 4,97,539 shares on exercise of stock options under the Employee Stock Option Scheme.
- Consolidation is not applicable as the Bank has no subsidiary/associate/joint venture as on September 30, 2026.
What the Board approved
The Board of Directors met on 23rd October 2026 and approved the Bank's unaudited financial results for the quarter and half year ended 30th September 2026. The figures are standalone; the Bank states consolidation is not applicable as it has no subsidiary, associate or joint venture.
The auditor's review conclusion
- Two firms, S.R. Batliboi & Associates LLP and Batliboi & Purohit, carried out a joint limited review. A limited review is narrower than a full audit, so they express a conclusion, not an audit opinion.
- Their conclusion: nothing came to their attention that causes them to believe the statement is materially misstated, or that it has not been prepared in line with the applicable accounting standards and RBI directions.
- Certain Basel II disclosures, including the leverage ratio, liquidity coverage ratio and net stable funding ratio, sit on the Bank's website and were not reviewed by the auditors.
The quarter's numbers (standalone, unaudited)
- Total income: 18,156,629 (₹ in 000s).
- Net profit for the period: 1,703,642 (₹ in 000s).
- The 'Tax Expenses/(Credit)' line is nil for the quarter, so profit before tax and net profit for the period are the same number.
- The Regulation 52(4) table gives half-year net profit after tax of ₹ 325.60 crores, net worth of ₹ 4,637.68 crores and basic earnings per share of ₹ 30.86.
Asset quality and capital
- Gross NPA: 2.34% of gross advances.
- Net NPA: 1.17% of net advances.
- Capital Adequacy Ratio (Basel II): 19.95%.
Other points in the notes
- Shares were allotted during the quarter on exercise of employee stock options under the ESOP scheme.
- Share warrants issued to investors are partly funded: a portion of the subscription money has been received and the rest is payable if the conversion option is exercised. Until conversion, this is money received against warrants rather than fresh equity capital.
- Loans were transferred to asset reconstruction companies during the quarter, and the Bank's security receipts are spread across external credit ratings.
- The Bank states it entered into no co-lending transaction during the quarter and has no exposure to project finance.
How to read this
This is a routine quarterly disclosure. Read the profit figure together with the provisioning line, the gross and net NPA ratios and the capital adequacy ratio — for a lender, these together say more about the quality of the profit than the bottom line alone. The joint auditors' conclusion on the statement is unmodified.
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More numbers
- Total income, quarter ended 30.09.2026 (standalone)18,156,629 (₹ in 000s)
- Net profit for the period, quarter ended 30.09.20261,703,642 (₹ in 000s)
- Net profit after tax, half year ended 30.09.2026₹ 325.60 crores
- Net worth as at 30.09.2026₹ 4,637.68 crores
- Gross NPA (%)2.34 %
- Net NPA (%)1.17 %
- Capital Adequacy Ratio (Basel II) (%)19.95 %
- Basic earnings per share₹ 30.86
- Total income, latest quarter18,156,629 (₹ in 000s)
- Total income, year-ago quarter15,396,615 (₹ in 000s)
- Total income, previous quarter17,414,450 (₹ in 000s)
- Profit after tax, latest quarter1,703,642 (₹ in 000s)
- Profit after tax, year-ago quarter749,907 (₹ in 000s)
- Profit after tax, previous quarter1,552,316 (₹ in 000s)
- Profit before tax, latest quarter1,703,642 (₹ in 000s)
- Profit before tax, year-ago quarter749,907 (₹ in 000s)
- Profit before tax, previous quarter1,552,316 (₹ in 000s)
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