Profit After Tax (PAT) for Q2 FY27 was ₹170 crores, an increase of 127% year-over-year from ₹75 crores in Q2 FY26 and consistent with Q1 FY27's ₹155 crores.
Profit Before Tax (PBT) for Q2 FY27 was ₹170 crores, also up 127% year-over-year from ₹75 crores in Q2 FY26, and higher than Q1 FY27's ₹155 crores.
Net Interest Income was ₹819 crores for Q2 FY27, compared to ₹608 crores in Q2 FY26 and ₹782 crores in Q1 FY27.
Other Income was ₹229 crores for Q2 FY27, slightly lower than ₹246 crores in Q2 FY26 and similar to ₹227 crores in Q1 FY27.
Operating Income was ₹1,047 crores for Q2 FY27, up from ₹853 crores in Q2 FY26 and ₹1,009 crores in Q1 FY27.
Operating Expenses were ₹674 crores for Q2 FY27, marginally lower than ₹676 crores in Q1 FY27 and higher than ₹587 crores in Q2 FY26.
Operating Margin was ₹374 crores for Q2 FY27, compared to ₹266 crores in Q2 FY26 and ₹333 crores in Q1 FY27.
Provisions and Contingencies were ₹203 crores for Q2 FY27, higher than ₹191 crores in Q2 FY26 and ₹178 crores in Q1 FY27.
Net Interest Margin (NIM) improved to 7.5% in Q2 FY27 from 6.5% in Q2 FY26 and was stable compared to 7.5% in Q1 FY27.
Cost to Income Ratio improved to 64.3% in Q2 FY27 from 68.8% in Q2 FY26 and 67.0% in Q1 FY27.
Return on Average Assets was 1.4% for Q2 FY27, up from 0.7% in Q2 FY26 and stable with Q1 FY27.
Return on Average Equity was 14.2% for Q2 FY27, compared to 6.9% in Q2 FY26 and 13.6% in Q1 FY27.
Balance Sheet Highlights
Total Assets stood at ₹50,115 crores as of 30th September 2026, up from ₹42,188 crores as of 30th September 2025 and ₹46,838 crores as of 30th June 2026.
Advances were ₹35,445 crores as of 30th September 2026, compared to ₹29,743 crores as of 30th September 2025 and ₹34,699 crores as of 30th June 2026.
Deposits were ₹38,221 crores as of 30th September 2026, growing 17% year-over-year from ₹32,532 crores as of 30th September 2025 and up from ₹35,756 crores as of 30th June 2026.
CASA to Total Deposit ratio was 17.6% as of 30th September 2026, down from 18.3% as of 30th September 2025 and 19.2% as of 30th June 2026.
Credit to Deposit ratio was 92.7% as of 30th September 2026.
Capital Adequacy Ratio (CAR) was 20.0% as of 30th September 2026, with Tier-1 CRAR at 18.2%, compared to 20.7% CAR as of 30th September 2025 and 20.2% as of 30th June 2026.
Gross NPA ratio was 2.17% as of 30th September 2026, improved from 2.8% as of 30th September 2025 and similar to 2.2% as of 30th June 2026.
Net NPA ratio was 1.08% as of 30th September 2026, with an expectation to drop below 1% in Q3 FY27 due to guarantee claims of ₹68 crores lodged and expected.
Asset Quality and Growth
Gross Loan Portfolio (GLP) was ₹38,752 crores as of 30th September 2026, growing 22% year-over-year and 3% quarter-over-quarter.
Secured assets comprised 73.7% of GLP, with secured book growing 24% year-over-year and 4% quarter-over-quarter.
Unsecured assets grew 17% year-over-year.
Management Commentary
Mr. Ajay Kanwal, MD and CEO, stated the bank is focused on delivering 80% secured assets with disciplined execution for cost optimization.
The bank is investing in digital and AI-led processes to improve efficiency.
Credit quality is stable, with growth opportunities in secured loans products.
Emphasis on improving CASA in the second half of FY27.
Guidance
The bank raised its FY27 PAT guidance to a 100% year-over-year increase, citing strong performance.
H1 FY27 PBT is equal to the full FY26 PBT, indicating robust growth.
Awards and Recognitions
In July 2026, the bank won the IBA Banking Technology Award for Identity & Access Management in the Small Bank category.
In September 2026, it received the Best-in-Class Social Customer Experience in Banking award at WeKonnect 2026.
Also in September 2026, the "Jana Bank x Bharat Ke Super Founders" campaign won a Bronze Award at the ET DigiPlus Awards 2026.
Additional Information
The bank has over 12 million customers and operates across 23 states and 2 union territories with 829 branches.
Media contacts are provided for further inquiries.
