BANDHANBNK · Financial Services
Profit grew much faster than net interest income. Lower provisions, treasury gains or tax?
Net profit +67.9% on the year against net interest income +1.4% (interest earned ₹5,428 cr less interest paid ₹2,633 cr).
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹4,492 cr | ₹4,665 cr | ₹5,189 cr | ₹5,536 cr | ₹5,500 cr | ₹5,479 cr | ₹5,434 cr | ₹5,476 cr | ₹5,354 cr | ₹5,431 cr | ₹5,428 cr | ₹5,631 cr |
| YoY | — | — | — | +22% | +22% | +17% | +5% | −1% | −3% | −1% | −0% | +3% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 25% | 15% | 25% | 25% | 34% | −2% | 29% | 29% | 29% | 30% | 26% |
| Net profit | ₹721 cr | ₹733 cr | ₹55.0 cr | ₹1,063 cr | ₹937 cr | ₹426 cr | ₹318 cr | ₹372 cr | ₹112 cr | ₹206 cr | ₹534 cr | ₹502 cr |
| YoY | — | — | — | +47% | +30% | −42% | +478% | −65% | −88% | −52% | +68% | +35% |
| EPS | ₹4.48 | ₹4.55 | ₹0.34 | ₹6.60 | ₹5.82 | ₹2.65 | ₹1.97 | ₹2.31 | ₹0.69 | ₹1.28 | ₹3.32 | ₹3.11 |
| Flags | · | · | · | 1 | · | · | 2 | 1 | 1 | · | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Bandhan Bank Ltd. reported total income of ₹5,428 cr (−0.1% on the year) and net profit of ₹534 cr (+67.9% on the year) for January to March 2026.
1 check raised a question: Profit grew much faster than net interest income. Lower provisions, treasury gains or tax?
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