Earnings Review
Bandhan Bk PAT rises first time in FY26 as provisions fall
This story was originally published at 18:15 IST on 28 April 2026
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--Analysts saw Bandhan Bank Jan-Mar net profit INR 3.99 bln
--Bandhan Bank Jan-Mar net profit INR 5.34 bln
--Bandhan Bank Jan-Mar net profit INR 5.34 bln vs INR 3.18 bln yr ago
--Bandhan Bank Jan-Mar total income INR 61.99 bln vs INR 61.33 bln yr ago
--Bandhan Bank Jan-Mar provisions INR 6.77 bln vs INR 12.60 bln yr ago
--Bandhan Bank to pay INR 1.50 per share dividend
--Bandhan Bank gross NPA ratio 3.27% on Mar 31 vs 3.33% qtr ago
--Bandhan Bank net NPA ratio 0.97% on Mar 31 vs 0.99% qtr ago
--Bandhan Bank capital adequacy ratio 18.04% on Mar 31
--Bandhan Bank FY26 net profit INR 12.24 bln vs INR 27.45 bln yr ago
--Bandhan Bank FY26 total income INR 244.23 bln vs INR 249.15 bln yr ago
--Bandhan Bank Jan-Mar net interest income INR 27.96 bln, up 1.4% on year
--Bandhan Bank Jan-Mar net interest margin 6.2%
--Bandhan Bank provision coverage ratio 84.9% on Mar 31
--Bandhan Bank gross advances INR 1.54 tln on Mar 31, up 13% on year
--Bandhan Bank total deposits INR 1.66 tln on Mar 31, up 10% on year
--Bandhan Bank current, savings account ratio 29% on Mar 31
--Bandhan Bank Jan-Mar net interest margin 6.2%, up 30 bps on qtr
--Bandhan Bank Jan-Mar credit cost 2.0% vs 3.3% qtr ago
--Bandhan Bank Jan-Mar fresh slippages INR 10.3 bln vs INR 17.5 bln yr ago
--Bandhan Bk Jan-Mar recoveries, upgrades INR 3.6 bln vs INR 3.5 bln yr ago
--Bandhan Bk Jan-Mar technical write-off INR 4.5 bln vs INR 11.4 bln year ago
By Nandini Sinha
MUMBAI – Bandhan Bank Ltd.'s net profit rose for the first time in the financial year 2025-26 (Apr-Mar) after falling for three consecutive quarters. The lender reported a robust on-year rise in the net profit for the March quarter as provisions and contingencies fell sharply during the period.
The bank's net profit was INR 5.34 billion in the March quarter, up over 68% on year. Analysts had estimated the lender's net profit for Jan-Mar at INR 3.99 billion.
The lender's provisions and contingencies fell to INR 6.77 billion in the March quarter, down over 46% from INR 12.60 billion in the year-ago period. The lender's total income for the reporting quarter rose only over 1% from a year ago to INR 61.99 billion. Its net interest income for the March quarter was INR 27.96 billion, up over 1% on year. This was below the Street's estimate of its net interest income at INR 28.11 billion.
Bandhan Bank's total expenses, excluding provisions and contingencies, rose over 4% to INR 47.58 billion in the March quarter from INR 45.62 billion a year ago. Operating expenses grew nearly 13% on year to INR 21.25 billion. Of this, other operating expenses rose nearly 21% on year to INR 9.67 billion. Employee cost rose nearly 7% on year to INR 11.58 billion.
Bandhan Bank reported an improvement in its asset quality on a sequential basis. Its gross non-performing asset ratio was 3.27% as on Mar. 31, down from 3.33% as on Dec. 31. The net non-performing asset ratio improved to 0.97% from 0.99% in the trailing quarter. Bandhan Bank's capital adequacy ratio was 18.04% on Mar. 31.
The provision coverage ratio, including technical write-offs, was 84.9% on Mar. 31. Technical write-offs in the March quarter fell nearly 61% to INR 4.5 billion from INR 11.4 billion in the year-ago period. Recoveries and upgrades in the reporting quarter were INR 3.6 billion, down from INR 3.5 billion a year ago.
The lender's gross advances rose to INR 1.54 trillion, up nearly 13% on year and over 6% on quarter. Total deposits rose 10% on year and over 6% on quarter to INR 1.66 trillion. The current account savings account ratio as of Mar. 31 was 29.3%.
The credit cost fell to 2% from 3.3% in the trailing quarter. Its fresh slippages for Jan-Mar quarter were INR 10.3 billion, down over 41% on year from INR 17.5 billion.
For FY26, the bank's net profit was INR 12.24 billion, down over 55% on year from INR 27.45 billion. The total income for FY26 fell nearly 2% from the year-ago period to INR 244.23 billion from INR 249.15 billion. The net interest margin rose 30 basis points on quarter to 6.2%. However, the margin fell 46 bps on year.
Bandhan Bank will pay a dividend of INR 1.50 per share for FY26. Tuesday, shares of the company ended nearly 2% lower at INR 178.65 apiece on the National Stock Exchange. End
Edited by Akul Nishant Akhoury
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