Pre-provision operating profit for the quarter was 7% lower at Rs 294 crore as against Rs 317 crore earlier, on account of 9% higher operational expenditure and 20% fall in other income. Provision stood 62% lower at Rs 23 crore.
The bank’s quarterly net interest margin improved to 3.83% from 3.75% a year ago.
For the full FY26, the bank’s net profit stood at Rs 633 crore, registering a 7% rise over Rs 594 crore in FY25. The full year operating profit rose 19% at Rs 1085 crore, backed by healthy business expansion.
Its net advances grew 26% year-on-year to Rs 39,848 crore at the end of March, supported by a 53% jump in gold loans and 37% rise in wholesale lending.
Its asset quality improved sequentially but deteriorated year-on-year. The gross non-performing assets ratio stood at 1.66% at the end of FY26 as compared with 1.96% three months prior and 1.57% a year back. Net NPA was at 0.40% as against 0.67% three months back and 0.52% last year.
Total deposits grew by 20% to Rs 44,246 crore with the current and savings account ratio being at 20% at the end of the last fiscal.
Mannapuram Finance Q4 profit dips 9%
Gold loan company Manappuram Finance reported a 9.6% dip in its standalone net profit at Rs 497 crore in the fourth quarter of FY26, as compared with Rs 550 crore in the year ago period, due to rise in finance cost as well as provisions against bad loans.
Its finance cost for the quarter stood higher at 932 crore against Rs 610 crore earlier while provisions were at Rs 216 crore against Rs 79 crore.
The group’s consolidated net profit stood at Rs 405 crore for the quarter under review as compared with a net loss of Rs 203 crore in the year ago period.
Manappuram board proposed a dividend of Rs 0.50 per equity share of Rs 2 face value each, making it a 25% dividend.