Bandhan Bank shares skyrocket to 52-week high on strong Q4 results; here’s what analysts said

At around 11:26 AM, the stock was trading 12.23% higher at ₹200.49 per equity share. It touched a year’s low of ₹134.25 per unit on December 9, 2025.

The scrip has gained 13% in the past week and 34% over the month. On a year-to-date basis, it has jumped 39%.

Bandhan Bank Q4 results

The bank reported a 68.02% year-on-year (YoY) surge in its net profit to ₹534.14 crore during the quarter under review, compared to ₹317.90 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

Its net interest income (NII) jumped 1.4% YoY to ₹2,796 crore for the reporting quarter, in comparison with ₹2,756 crore in the March FY25 quarter, according to a regulatory filing on April 28.

The bank’s net interest margin (NIM) stood at 6.2%, down 46 basis points (bps) YoY and up 30 bps quarter-on-quarter (QoQ).

Bandhan Bank’s asset quality improved, with gross non-performing assets (GNPAs) falling 140 bps YoY to 3.27% in Q4 FY26, from 4.71% in the year-ago period.

Its net non-performing assets (NNPA) improved to 0.97%, marking a 32 bps YoY improvement from 1.28% in Q4 FY25.

The Bank’s return on assets (RoA) stood at 0.6% and return on equity (RoE) at 4.8% on an annualised basis for FY26.

As of March 31, 2026, the Bank’s capital adequacy ratio, including profits, stood at 18.0%, above the regulatory requirement of 11.5%.

Its total deposits were at ₹1.66 lakh crore, as against ₹1.51 lakh crore in the previous year, growing 10% YoY, as of March 31, 2026.

In Q4 FY26, the bank recorded ₹48,752 crore in Current Account and Savings Account (CASA) deposits and 29% in CASA Ratio.

On a YoY basis, its retail book, other than housing, advanced 46%, wholesale Banking grew 33%, and the housing book rose 8%.

Commenting on the earnings, Partha Pratim Sengupta, Bandhan Bank’s MD and CEO, said: "Bandhan Bank’s FY 2025–26 performance underscores the strength of our franchise, supported by disciplined execution and a diversifying business model. We will continue to pursue customer-centric, digital-led growth by enhancing distribution channels, expanding our product suite, and leveraging data-driven insights to deliver sustainable, risk-adjusted growth.”

Final dividend

The board of directors of Bandhan Bank recommended a final dividend of ₹1.50 per equity share with a face value of ₹10 each for FY26.

“The Dividend on equity shares will be paid/ dispatched after the same is approved by the shareholders at the ensuing AGM,” it added.

What analysts said

The investment banking firm Macquire noted that Q4 FY26 stood out for Bandan during an otherwise weak year. The bank beat its profit after tax (PAT) estimates, driven by lower credit costs. It also saw its slippages moderate and loan growth pick up pace. Furthermore, a lower borrowing cost supported its NIM expansion. The bank’s management is targeting an ambitious 14-15% growth in loans and a 1.6-1.8% growth in RoA by Q4 FY27, supported by a 10-20 bps NIM expansion, fee income traction, and lower priority sector lending costs.

In a note, analysts at JP Morgan said that while Bandhan Bank’s strategic pivot is underway, and its guidance for 1.6-1.7% RoA growth by FY27 is positive, trends have been very volatile historically. The analysts added that they await more visibility on the sustainability of ongoing recovery, especially in light of ongoing macroeconomic headwinds.

Jefferies noted that Bandhan Bank beat profit estimates, bolstered by lower credit costs and higher fees. Furthermore, credit quality was supported by stability in the microfinance institutions (MFI) sector and trends in election-bound states.

Bandhan Bank has a total market capitalisation of ₹32,275.96 crore as of April 29, 2026 according to data on the NSE.