Financial Performance Highlights

Income Statement (₹ in lakh):

  • Total Income: ₹1,34,601 (compared to ₹1,19,645 in Q1 FY26 and ₹1,02,337 in Q1 FY25)
  • Interest Income: ₹99,239 from advances/bills, ₹10,366 from investments, ₹172 from RBI/inter-bank funds
  • Other Income: ₹24,824 (includes processing fees, investment sale profits, third-party product income, PSLC income, ARC collection fees)
  • Interest Expended: ₹51,369
  • Operating Expenses: ₹48,334 (Employee Cost: ₹17,979, Other Operating Expenses: ₹30,355)
  • Operating Profit before provisions: ₹34,898
  • Provisions and contingencies: ₹24,196
  • Profit before tax: ₹10,702
  • Tax expense: ₹2,694
  • Net profit after tax: ₹8,008 (₹80.08 crore)

Comparative Performance:

  • Q1 FY26: Net profit of ₹2,351 lakh (₹23.51 crore)
  • Q1 FY25: Net loss of ₹(8,122) lakh (₹(81.22) crore)

Capital Structure:

  • Paid-up equity share capital: ₹51,595 lakh (face value ₹10 each)
  • Net worth: ₹1,86,382 lakh (sum of capital and reserves & surplus)

Asset Quality Ratios:

  • Gross NPA: ₹1,25,334 lakh (5.40% of gross advances)
  • Net NPA: ₹18,412 lakh (0.83% of net advances)
  • Gross NPA improved from 7.48% in Q1 FY25 and 5.41% in Q1 FY26
  • Net NPA improved from 3.77% in Q1 FY25 and 1.77% in Q1 FY26

Capital Adequacy:

  • Capital Adequacy Ratio (Basel II): 23.86%
  • Improved from 22.22% in Q1 FY26 and 22.74% in Q1 FY25

Other Ratios:

  • Earnings Per Share (Basic): ₹1.55
  • Earnings Per Share (Diluted): ₹1.55
  • Return on Assets: 0.26%
  • Debt to Equity Ratio: 0.96
  • Total Debts to Total Assets: 6.72%

Segment Performance (₹ in lakh)

Segment Revenue:

  • Retail: ₹1,14,136
  • Wholesale: ₹2,221
  • Treasury: ₹15,430
  • Other Banking Operations: ₹2,814

Segment Results (Profit/Loss Before Tax):

  • Retail: ₹2,990 profit (improved from ₹(18,100) loss in Q1 FY25)
  • Wholesale: ₹623 profit
  • Treasury: ₹5,051 profit (improved from ₹2,677 profit in Q1 FY25)
  • Other Banking Operations: ₹2,038 profit

Capital Raising Activities

  • Raised Tier II capital of ₹8,500 lakh (₹85 crore) during quarter ended June 30, 2026
  • Through private placement of listed, rated, taxable, unsecured, transferable, redeemable, fully paid up, Basel II compliant lower Tier II subordinated bonds in nature of Non-Convertible Debentures (ISIN: INE818W08172)
  • Funds fully utilized as per objects of the issue with no deviations

Corporate Actions

  • Allotted 2,89,182 equity shares during the quarter pursuant to exercise of options under approved employee stock option scheme

SR Ratings Outstanding

  • CRISIL RR4: ₹2,081.81 lakh (25-50% recovery rating)
  • CRISIL RR2: ₹10.16 lakh (75-100% recovery rating)
  • CRISIL RR1: ₹2,435.09 lakh (100-150% recovery rating)
  • Brickwork RR1: ₹972.19 lakh (100-150% recovery rating)
  • Brickwork RR1+: ₹1,248.00 lakh (100-150% recovery rating)
  • All fully provided in books

Board Meeting Details

  • Meeting held on July 31, 2026
  • Commenced at 12:00 PM, results approved at 1:00 PM
  • Preceded by intimation dated July 23, 2026