Shares of City Union Bank (CUB.N) leapt 10% to ₹233.70 on Oct.28 after the bank disclosed a flat year‑on‑year net profit of ₹416 crore for Q2 FY27.
Net interest income climbed 30.9% to ₹873 crore from ₹667 crore a year earlier, while operating profit before provisions rose 13.8% sequentially to ₹661 crore, according to the bank’s filing.
Gross NPAs fell to 1.44% of advances, down from 1.73% in Q1, and net NPAs eased to 0.48% versus 0.61% YoY, signalling tighter credit risk.
Capital adequacy ratio stood at 21.26%, marginally below the 21.73% reported in the preceding quarter but comfortably above the RBI’s 15% minimum.
For the first half, net profit rose 25% to ₹798 crore, and total income jumped 24% to ₹4,671 crore. The bank earmarked a ₹50 crore contingent provision for unforeseen economic shocks.
Analysts now project higher earnings for Q3, expecting net profit to edge above ₹430 crore, and CUB’s board is slated to set a new dividend policy at the upcoming AGM in December. Results for Q3 FY27 are anticipated on March 15, 2027.