Research Reports

Nine tax notices in one evening: ₹825 crore proposed, but each company's own notice is a sliver of its own market value — 0.02% for ICICI Bank, 4.6% for Yatra

GST · show-cause notice · Section 73

PAT +24% masks stalling advances and emerging credit stress

earnings review · growth lag · credit cycle

Strong PAT growth masks cautious posture; advance lag and slippage rise

responsible growth · calibrated risk · margin stability

Loss Narrowing Veils Revenue Stall — CGFMU Driving Optics

asset-quality-recovery · profitability-path-unproven · cgfmu-provision-relief

Loss narrowing, momentum claimed but revenue flat; recovery unproven

consolidation · asset quality improving · CGFMU coverage

16 results out of 4,000: the rarest earnings of this season, and what happened next

Q1 FY27 · results season · earnings

Fino Payments Bank posts ₹13.7 Cr loss in Q1FY27 as fee income slumps 40% YoY

payments bank · net loss · fee income decline

SBI Q1: NIM Pressure Offset by Robust Credit Growth & Capital Raises

net interest margin · loan growth · deposit competition

Utkarsh SFB Q1 loss narrows to ₹34 Cr as provisions ease; a ₹77 Cr one-off aids the print

small finance bank · microfinance · loss narrowing

ESAF SFB swings to ₹80 Cr Q1 profit from ₹81 Cr year-ago loss as asset quality heals

small finance bank · turnaround · asset quality

Karnataka Bank Q1: consolidated PAT +43% YoY to ₹419 Cr on lower provisions, wider NIM

private sector bank · net interest margin · lower provisions

Dhanlaxmi Bank Q1 PAT more than doubles YoY to ₹24.9 Cr; NPAs shrink, but QoQ dips on opex

private bank · npa improvement · provision decline

City Union Bank Q1: standalone PAT ₹383 Cr up 25% YoY, asset quality sharply improves

private sector bank · net profit growth · asset quality improvement

TMB Q1: net profit +35% YoY to ₹411.5 Cr, a record, on broad margin expansion

private sector banks · margin expansion · net interest margin

Canara Bank Q1: consol PAT ₹5,181 Cr up 62% but ~3% adjusted; core steady, NII +13% YoY

psu bank · public sector bank · base effect

NIM Pressure vs Growth Momentum — New MD's First Earnings Test

NIM compression · deposit costs · advances growth

IndusInd Q1 PAT surges 72% to ₹1,037 Cr on lower provisions — but topline slips 9%

private banks · profit recovery · lower provisions

IDFC First Bank Q1: consolidated PAT ₹1,148 Cr, +153% YoY as credit costs normalise

private sector bank · credit costs · provisions normalisation

Q1 FY27 Earnings: Where Growth Met Margin Pressure

Q1 FY27 · earnings · margin compression

BoI Q1: consolidated PAT ₹3,303 Cr, ~41% adjusted YoY; margins widen, provisions ease

psu bank · net profit growth · lower provisions

Suryoday SFB Q1: PAT more than doubles to ₹75 Cr YoY as credit costs ease, net NPA crashes to 1.3%

small finance bank · microfinance · asset quality

Ujjivan SFB Q1: PAT triples to ₹317 Cr as provisions halve, NIM-led margins expand

small finance bank · microfinance · credit cost decline

IOB Q1 net profit ₹1,716 Cr, up ~46% YoY on low tax; operating profit up 13%

PSB Q1: standalone PAT up 23% YoY to ₹332 Cr on lower provisions; GNPA down to 2.21%

YES Bank Q1: consolidated PAT ₹1,072 Cr, +33% YoY on margin gains & lower tax; flat QoQ

PNB Q1 net profit triples to ₹5,253 Cr on falling provisions; NIM stays below guidance

psu banks · net profit surge · asset quality

Kotak Q1: consolidated PAT ₹5,480 Cr, +23% YoY as credit costs halve; beats Street

Axis Bank Q1: consolidated PAT ₹7,632 Cr, up 22% YoY as credit costs ease

Federal Bank Q1: consolidated PAT ₹1,256 Cr, up ~37% YoY as margins expand

Jana SFB Q1: net profit up 52% YoY to ₹155 Cr on margin expansion, lower provisions