Indian Bank Q2 result: Net profit rises 11.5% YoY, asset quality improves; shares hit record high

The bank posted an 11.53% year-on-year (YoY) growth in its standalone net profit to ₹3,018 crore during the quarter under review, compared to ₹2,706 crore in the same period of the previous fiscal year, it said in a regulatory filing.

Its net interest income (NII) soared 3.02% YoY to ₹6,551 crore for the September quarter of FY26, as against ₹6,194 crore in the second quarter of FY25.

Indian Bank’s domestic net interest margin (NIM) stood at 3.34% during the reporting quarter, marking a 15 basis point (bps) YoY decline from 3.49% in the September quarter of FY25.

Its asset quality improved, as its gross non-performing assets (GNPA) declined by 49 bps YoY to 2.60% in Q2FY26, compared to 3.09% of total loans in the year-ago period. Furthermore, its net non-performing assets (NNPA) stood at 0.16% in the quarter ended September 2025, versus 0.19% in Q2FY25.

Its total deposits stood at ₹7.77 lakh crore for the second quarter of FY26, marking a 12.09% YoY jump from ₹6.93 lakh crore in the second quarter of the previous fiscal year.

During the quarter under review, Indian Bank’s total business witnessed a 12.35% YoY surge to stand at ₹13.97 lakh crore, from ₹12.44 lakh crore it clocked a year back.

Indian Bank share performance

Shares of Indian Bank surged as much as 3.95% to touch an all-time high of ₹805.95 apiece on the National Stock Exchange (NSE) on Thursday, after it announced its second quarter results for FY26.

As of 2:45 pm, the stock was 0.04% higher at ₹775.60 per equity share.

The scrip gained nearly 1% over the past five days and close to 12% over the month. It rose more than 36% over the last six months. On a year-to-date basis, the share has grown 49%.

It fell to its 52-week low of ₹473.90 apiece on January 13, 2025.

Indian Bank has a total market capitalisation of ₹1.05 lakh crore, as of October 16, 2025.