Q1 Results Live Updates: PNB Profit Jumps Multifold, Axis Bank Profit Surges 23%; HDFC Bank, ICICI Bank In Focus

Kotak Mahindra Bank Q1 Results - YoY

• Net profit up 26% at Rs 4,123 crore vs Rs 3,282 crore
• Net interest income up 9% at Rs 7,928 crore vs Rs 7,259 crore
• Operating profit up 10% at Rs 6,131 crore vs Rs 5,564 crore
• Provisions down 45% at Rs 668 crore vs Rs 1,208 crore

Asset Quality - QoQ

• Gross NPA at 1.18% vs 1.20%
• Net NPA at 0.27% vs 0.25%

Punjab National Bank Q1 Results - Standalone, YoY

• Net profit up 214% at Rs 5,253 crore vs Rs 1,675 crore
• Net interest income up 2% at Rs 10,798 crore vs Rs 10,578 crore
• Operating profit up 6% at Rs 7,519 crore vs Rs 7,081 crore
• Provisions up 100% at Rs 792 crore vs Rs 396 crore

Asset Quality - QoQ

• Gross NPA at 2.78% vs 2.95%
• Net NPA at 0.28% vs 0.29%

HDFC Bank Q1 Preview - Bloomberg Estimates (Standalone, YoY)

• Net interest income seen 8.9% higher at Rs 34,256.57 crore versus Rs 31,440 crore
• Net interest margin seen at 3.32% versus 3.35% (3.38% QoQ)
• Net profit seen 9% higher at Rs 19,720 crore versus Rs 18,155 crore
• Provisions seen 74% lower at Rs 3,678.3 crore versus Rs 14,441.6 crore
• Gross NPA seen unchanged at 1.15% (QoQ)
• Operating profit seen lower at Rs 28,795.3 crore versus Rs 35,733.96 crore

• Net profit at Rs 7,114 crore vs estimate of Rs 7,027 crore
• Net interest income at Rs 14,646 crore vs estimate of Rs 15,147 crore
• Operating profit at Rs 11,659 crore vs estimate of Rs 11,681 crore
• Gross NPA at 1.28% vs estimate of 1.37%
• Net NPA at 0.39% vs estimate of 0.40%

Axis Bank Q1 Results - Standalone, YoY

• Net profit up 23% at Rs 7,114 crore vs Rs 5,806 crore
• Net interest income up 8% at Rs 14,646 crore vs Rs 13,560 crore
• Pre-provision operating profit up 1% at Rs 11,659 crore vs Rs 11,515 crore
• Provisions down 44% at Rs 2,223 crore vs Rs 3,948 crore

Asset Quality - QoQ

• Gross NPA at 1.28% vs 1.23%
• Net NPA at 0.39% vs 0.37%
   

Indian banks are expected to post another quarter of healthy business growth for the June quarter, supported by robust loan demand across retail and corporate segments.

However, higher funding costs, slower deposit growth and pressure on net interest margins (NIMs) are likely to limit earnings growth, while treasury income and provisions remain mixed across lenders.

The June quarter is expected to reflect two contrasting trends. Credit demand remained resilient despite seasonal weakness, driven by retail, gold loans, NBFC lending and selected corporate segments.

At the same time, competition for deposits and a larger share of high-cost term deposits continued to weigh on margins. 

Hello and welcome to NDTV Profit’s live coverage of the Q1FY27 earnings season. This is Yukta, and I'll take you through all the earnings scheduled for the day.

Earnings Today: HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Punjab National Bank, IDBI Bank, Yes Bank, J. K. Cement, Punjab and Sind Bank, India Cements, Can Fin Homes, Sangam (India), Rossari Biotech, Bhansali Engineering Polymers, Premier Polyfilm, GSM Foils, Ashima, East India Drums and Barrels Manufacturing, Ganga Forging and F Mec International Financial Services.