The bank reported standalone net profit of Rs 48.55 crore for the quarter ended September 30, 2026 as compared to Rs 23.20 crore in the same period last year, registering a year-on-yearÿgrowthÿof 109.27 per cent.
Interest income of the bank rose by 22.82 per cent at Rs 471.15 crore for the quarter ended September 30, 2026 as against Rs 383.61 crore in the corresponding period last year.
During the July-September quarter, total income rose substantially by 24.02 per cent to Rs 518.60 crore from Rs 418.16 crore in the year ago period.
Meanwhile, operating expenses increased by 15.08 per cent to Rs 448.78 crore from Rs 389.97 crore in the same period last year.
Operating profit surged 147.68 per cent to Rs 69.82 crore from Rs. 28.19 crore.
Provisions and Contingencies surged by 14.03 per cent at Rs 5.69 crore from Rs 4.99 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 32.26 per cent at Rs 187.75 crore versus Rs 141.96 crore in the year ago period. Non-interest income rose 37.34 per cent year-on-year to Rs 47.45 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 1.76 per cent of the gross advances as at the end of September 30, 2026 from a level of 3.10 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.45 per cent of net advances on September 30, 2026 from 1.12 per cent a year ago.