Indian Bank Q1 Net profit jumps 24%

Indian Bank on Thursday reported a 23.69 per cent year-on-year (Y-o-Y) increase in its net standalone profit to ₹2,972.82 crore in the first quarter if financial year 2025-26 (Q1 FY26). 

The public sector bank (PSB) reported ₹2,403.42 crore profit during the same period last year. On a sequential basis, the profit was marginally up from ₹2,956.07 crore.

In Q1 FY26, the bank's overall revenue increased 10.48% to ₹18,721.31 crore from ₹16,944.77 crore in the same period last year. Income increased slightly sequentially from the previous quarter's ₹18,599.16 crore. 

 In terms of spending, the bank spent ₹13,951.03 crore in the first quarter of FY26, which was 12.12% more than the ₹12,443.18 crore in the first quarter of FY25. Expenses increased 2.72 percent sequentially from ₹13,580.49 crore in the March quarter. 

In the first quarter of FY26, Indian Bank's total net non-performing assets (NPA) were ₹1,035.56 crore, a 48.91 percent decrease from ₹2,026.59 crore in the same period last year. 

Additionally, net non-performing assets (NPA) decreased 6.67 percent sequentially from ₹1,109.56 crore in the prior quarter.

Additionally, the bank reported that its total deposits climbed 9.26% year over year to ₹7,44,289 crore in June 2025 from ₹6,81,183 Cr in June 24. 

 Additionally, as of June 30, 2025, its credit-deposit ratio was 80.77 percent. Indian Bank reported in a BSE filing that its worldwide business increased 10.25% year over year to ₹13.45 trillion.