Bank of India Q2FY27: consolidated PAT up 31% YoY to ₹3,309 Cr, margins expand, NPAs shrink

Bank of India's consolidated net profit rose 31.0% YoY to ₹3,308.82 Cr (from ₹2,525.64 Cr) on total income of ₹24,137.25 Cr, up 15.4% YoY; on a QoQ basis the print was essentially flat (+0.2% vs ₹3,302.58 Cr) against a strong Q1 base, which is the expected pattern rather than a slowdown signal. Standalone PAT of ₹3,202.38 Cr rose 25.3% YoY, matching the bank's own exchange disclosure of "Net Profit Up 25.34% to ₹3,202 Cr." No exceptional or one-off items appear in either the current or year-ago columns on either basis, so the reported growth is also the underlying growth — no adjustment is needed. There is no verified analyst consensus for this print in the public domain (confirmed via web search), so the result cannot be graded beat/miss/inline against Street expectations; vsStreet is marked unknown rather than inferred. Against the bank's own October-2026 guidance, the quarter tracks largely on-plan: annualised ROA came in at 1.01% (standalone), at or above the guided ≥1% floor, and the cost-to-income ratio rose to roughly 48% (standalone ~47.95%, consolidated ~48.0%) from Q1's 46%, sitting inside the guided 48-49% full-year band. The bank's NIM guidance was cut last quarter to 2.55-2.60% from 2.70-2.75%, signalling margin compression ahead; this statement does not disclose NIM directly, so that specific guidance checkpoint cannot be verified from the filing alone, though net interest income (interest earned less interest expended) grew faster than interest expended YoY, consistent with margins still expanding rather than compressing this quarter. Margin trend is the headline support: consolidated NPM expanded to 13.71% from 12.18% a year ago, and operating margin to 21.26% from 20.80%, driven by income growth (+15.4% YoY) outpacing the expense base. Sequentially NPM eased from 14.54% to 13.71% as the high Q1 base normalised. Asset quality improved materially: standalone gross NPA ratio fell to 1.60% from 2.54% a year earlier, and net NPA to 0.42% from 0.65%, even as the bank flagged a fresh ₹575.40 Cr NPA fraud declaration on Oct 12, 2026 and executed a ₹1,800 Cr Tier II bond redemption during the quarter — both disclosed developments that sit alongside, rather than distort, the quarter's core numbers. No separate management press release commentary was available beyond the exchange filing and the PAT headline, so there is no additional management framing to reconcile against the print.