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Indian Bank Q1FY26 results: Consolidated profit down 11.4% at ₹ 2,276.37 cr
The bank's total income for the period under review grew by 10 per cent to ₹18,905.60 crore, up from ₹17,117.76 crore in Q1 FY25. During this period, the bank's operating expenditure increased by 12 per cent to ₹14,113 crore. Provision for taxes also rose from ₹846 crore in June 2024 to ₹1,116.3 crore in June 2025. The bank also suffered a loss of ₹766.59 crore during the quarter.
Meanwhile, the bank's standalone net profit grew by 24 per cent during the first quarter of the current financial year to ₹2,973 crore, compared to ₹2,403 crore in the same period of 2024-25.
The Chennai-based lender's total income also increased to ₹18,721 crore during the April to June quarter of FY26, up 10.5 per cent from ₹16,945 crore in the same period in FY25. Interest earned by the bank also increased to ₹16,283 crore during the April to June quarter, compared to ₹15,039 crore in the June quarter last year.
The bank's asset quality showed signs of improvement, with gross non-performing assets (NPA) dipping by 76 basis points year-on-year to 3.01 per cent in June 2025, down from 3.77 per cent a year ago. Similarly, its net NPA also reduced by 21 bps to 0.18 per cent in June 2025, from 0.39 per cent in June 2024, said Binod Kumar, managing director and chief executive officer, Indian Bank. Its Provision Coverage Ratio (PCR) improved by 154 bps YoY to 98.20 per cent in June 2025, from 96.66 per cent in June 2024. The slippage ratio was contained at 0.94 per cent, compared to 1.50 per cent during Q1 last year.
Its operating profit improved by 5.97 per cent year-on-year to ₹4,770 crore in June 2025, from ₹4,502 crore during the same period last year. Net Interest Income also increased by 2.93 per cent to ₹6,359 crore during the quarter, up from ₹6,178 crore in June 2024. Its return on assets (RoA) was up by 14 bps to 1.34 per cent from 1.20 per cent last year. Return on equity (RoE) increased by 50 bps to 20.26 per cent from 19.76 per cent.
During the quarter under review, the bank's gross advances increased by 11.50 per cent YoY to ₹6,011.47 crore, compared to ₹5,391.23 crore last fiscal. RAM (Retail, Agriculture & MSME) advances grew by 15.93 per cent YoY to ₹3,632.21 crore, from ₹3,133.01 crore during the period under review. RAM's contribution to gross domestic advances increased to 65.34 per cent. Retail, Agri, and MSME advances grew by 16.56 per cent, 16.40 per cent, and 14.45 per cent YoY, respectively. Home Loan (including mortgage) grew by 10.65 per cent YoY.
Total deposits also increased by 9.26 per cent YoY, reaching ₹7,442.89 crore during the quarter, compared to ₹6,811.83 crore last year. The domestic CASA ratio stood at 38.97 per cent as of June 30.
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