Indian Bank Q2 Results October 15, 2026: Profit Up 15% to ₹3,462 Crore as NSE Listing Gain Lifts Other Income

The Indian Bank Q2 results October 15 filing had the Chennai-based public sector lender growing standalone net profit 14.71% year-on-year to ₹3,462 crore for the quarter ended September 30, 2026. A one-off gain from the listing of National Stock Exchange (NSE) shares gave other income a big push, but a sharp rise in provisions soaked up much of it, and the stock closed lower on results day. For the wider market picture, see our Stock Market Today India hub.

Educational content only. Not investment advice. Figures are taken from Indian Bank’s exchange filings and the outlets linked below; check the latest disclosures before acting.

Indian Bank Q2 results October 15: the headline figures

From the bank’s Q2 FY27 press release and investor presentation filed with NSE:

• Net profit: ₹3,462 crore, up 14.71% from ₹3,018 crore a year ago and 5.77% higher than the June quarter’s ₹3,273 crore.
• Net interest income: ₹7,719 crore, up 17.83% from ₹6,551 crore.
• Operating profit: ₹7,090 crore, up 46.58% from ₹4,837 crore.
• Non-interest income: ₹3,953 crore, up 58.95% from ₹2,487 crore.
• Business size: gross advances grew 16.39% to ₹7,21,982 crore and deposits 12.50% to ₹8,74,036 crore, for total business of ₹15,96,018 crore. The domestic CASA (current and savings account) ratio stood at 39.36%.
• Margin and returns: domestic net interest margin of 3.42%, return on assets of 1.31% and return on equity of 19.65%.

The NSE listing gain inside other income

Note 9 of the bank’s reviewed financial results shows ₹1,386.67 crore of income from the NSE share listing: a ₹252.50 crore realised gain on shares sold in the offer for sale, plus a ₹1,134.17 crore revaluation gain as of September 30. Strip that out and other income comes to about ₹2,566 crore, barely above the ₹2,487 crore of a year earlier. The extra income also dragged the cost-to-income ratio down to 39.25%, from 46.48% a year ago and 44.80% in the June quarter.

Provisions spike even as asset quality improves

Provisions other than tax climbed to ₹2,222 crore from ₹739 crore a year earlier and ₹1,196 crore last quarter, a point CNBC-TV18 also made. The presentation’s breakdown is telling. Bad-loan provisions actually fell, to ₹370 crore from ₹382 crore. The jump came from provisions on standard advances, which rose to ₹1,882 crore from ₹733 crore in the June quarter.

Asset quality kept getting better. Gross NPAs dropped to 1.61% from 2.60% a year earlier and 1.86% in June, and net NPAs eased to 0.14% from 0.16%. The provision coverage ratio, including technically written-off loans, was 98.22%, and the slippage ratio was 0.69% against 0.79% a year ago.

Capital adequacy was 16.21%, down from 17.31% a year earlier, BusinessLine reported. In a separate disclosure, the bank said an RBI supervisory inspection had reassessed its March 2026 total capital ratio at 16.53%, against its own 17.93%, and that those observations are built into the September numbers. The board also cleared raising up to ₹7,000 crore through bonds, split as up to ₹5,000 crore in long-term infrastructure bonds and up to ₹2,000 crore in AT1 or Tier 2 bonds.

How the shares moved on NSE

NSE’s daily bhavcopy has Indian Bank closing at ₹835.00 on October 15, down 1.70% from ₹849.45, after an intraday low of ₹816.80. Around 38.6 lakh shares changed hands, against roughly 14.7 lakh the day before. On October 16 the stock bounced 2.29% to close at ₹854.10.

Our take

The core bank looks steady. Interest income grew in the high teens, bad-loan ratios are close to record lows and slippages are under control. But the headline profit leaned on a one-time NSE gain, much of which went straight into extra standard-asset provisions, so underlying growth is slower than the operating profit line suggests. The RBI capital reassessment and the bond plans are worth tracking too. To read bank results past the headline profit, see our guides on the slippage ratio in bank results and how to analyse quarterly results of a company.

Disclaimer: This article is for information and education only and is not investment advice or a recommendation to buy or sell any security. Consult a SEBI-registered adviser before making investment decisions.