BANKINDIA · Financial Services
Profit grew much faster than net interest income. Lower provisions, treasury gains or tax?
Net profit +65.3% on the year against net interest income +2.3% (interest earned ₹18,479 cr less interest paid ₹12,333 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.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹15,319 cr | ₹16,250 cr | ₹17,046 cr | ₹17,466 cr | ₹18,317 cr | ₹18,479 cr | ₹18,467 cr | ₹18,521 cr | ₹19,052 cr | ₹19,573 cr | ₹20,097 cr | ₹21,370 cr |
| YoY | — | — | +18% | +16% | +20% | +14% | +8% | +6% | +4% | +6% | +9% | +15% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 17% | 28% | 24% | 26% | 25% | 28% | 25% | 25% | 25% | 25% | 25% |
| Net profit | ₹1,931 cr | ₹1,574 cr | ₹1,890 cr | ₹2,422 cr | ₹2,638 cr | ₹2,602 cr | ₹1,831 cr | ₹2,576 cr | ₹2,814 cr | ₹3,089 cr | ₹3,304 cr | ₹3,310 cr |
| YoY | — | — | +21% | +62% | +37% | +65% | −3% | +6% | +7% | +19% | +80% | +28% |
| EPS | ₹4.24 | ₹3.46 | ₹4.15 | ₹5.32 | ₹5.79 | ₹5.72 | ₹4.02 | ₹5.66 | ₹6.18 | ₹6.78 | ₹7.25 | ₹7.27 |
| Flags | 1 | 1 | · | 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.
Bank of India reported total income of ₹18,479 cr (+13.7% on the year) and net profit of ₹2,602 cr (+65.3% on the year) for January to March 2025.
1 check raised a question: Profit grew much faster than net interest income. Lower provisions, treasury gains or tax?
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