Net profit rose to ₹1.912 crore in the September quarter, up 56% from ₹1.226 crore in June, while other income fell to ₹1.226 crore from ₹1.365 crore. Provisions climbed to ₹950 crore from ₹834 crore, yet the bottom line improved thanks to a 26.4% increase in net interest income, which reached ₹3,867 crore from ₹3,059.3 crore.
Asset quality tightened: gross NPA fell to 1.19% from 1.33% in the prior quarter, and net NPA eased to 0.16% from 0.18%. In rupee terms, gross NPA declined to ₹4,114 crore from ₹4,292 crore, while net NPA dropped to ₹543.5 crore from ₹588.4 crore.
The bank’s shares jumped 3.3% to ₹29.63, hitting the day's high, but a 7% decline over the past month keeps the YTD slump at 18%.
With no guidance disclosed for Q3, analysts are watching the bank’s next earnings call for clues on whether the NII lift and improved asset profile will sustain profitability. Market sentiment remains cautious amid broader banking sector volatility.