Q2FY27 Results Live Updates: ICICI Bank To Reverse Agri Portfolio Provisions Upon RBI Nod, HDFC Bank Profit Below Estimates

Yes Bank Q2 Results Highlights (YoY)

• Net Profit Up up 65% at Rs 1,080 crore vs Rs 654 crore YoY
• Gross NPA at 1.2% vs 1.3% QoQ
• Net NPA flat at 0.2% QoQ
• Provisions at Rs 317 crore vs Rs 394 crore QoQ
• Provisions at Rs 317 crore vs Rs 419 crore YoY
• Operating Profit Up up 29.4% at Rs 1,678 crore vs Rs 1,297 crore YoY
• NII Up up 23% at Rs 2,822 crore vs Rs 2,301 crore YoY

Punjab & Sind Bank Q2 Results Highlights (YoY)  

• Net Profit Up 39.7% At Rs 412 crore Vs Rs 295 crore
• Gross NPA At 2.09% Vs 2.21% QoQ 
• Net NPA At 0.61% Vs 0.65% QoQ 
• NII Up 22% At Rs 1,161 crore  Vs Rs 950 crore YoY 
• Provisions At Rs 52 crore  Vs Rs 94 crore  QoQ 
• Provisions At Rs 52 crore  Vs Rs 148 crore  
• Op Profit Up 22.3% At Rs 617 crore Vs Rs 505 crore

Axis Bank's management said net interest margins (NIMs) were impacted by 11 basis points due to FCNR(B) deposits. The bank expects a gradual improvement in NIMs and said it is actively working on margin expansion through changes in asset and product mix. Management added that it will remain adaptive to the operating environment while deploying FCNR(B) funds and highlighted that it has multiple levers available on both the cost of funds and asset side to support profitability. The bank also said it does not expect any material impact from the transition to the Expected Credit Loss (ECL) framework.

Axis Bank said profit growth during the quarter was supported by strong net interest income (NII) growth. Fee income rose 6% year-on-year, while robust deposit growth was driven by healthy CASA accretion and inflows into FCNR(B) deposits. The bank also reported an improvement in asset quality, with gross slippages declining by 63 basis points compared with the year-ago period.

Axis Bank's management said loan growth during the quarter was supported by higher retail disbursements, while the wholesale banking business continued to deliver strong performance. The bank also reported a 6-basis-point quarter-on-quarter decline in its cost-to-assets ratio. Credit cost improved by 18 basis points sequentially to 0.45%, reflecting better asset quality trends.

HDFC Bank's management said the bank expects a greater need for frontline staff even as technology adoption increases. At the same time, it sees a significant shift in employee composition, with the requirement for support and enabling functions likely to decline as more processes become technology-driven. Management also noted that a structural shift in household savings patterns is leading to a contraction in CASA levels across the banking system.

Bajaj Healthcare Q2 Highlights (YoY)

• Net Profit Up 26.8% At Rs 14.1 crore Vs Rs 11.1 crore 
• Revenue Up 18.2% At Rs 175 crore  Vs Rs 148 crore 
• Ebitda Up 12.1% At Rs 30.2 crore Vs Rs 27 crore 
• Ebitda Margin At 17.3% Vs 18.2% 

HDFC Bank's management said the bank's underlying core business momentum remains encouraging. The lender is working to reduce the inflow of corporate liabilities while increasingly bundling products to offer greater value to customers. Management said the recent pressure on margins is expected to reverse as the interest rate hike cycle progresses, adding that a 25-basis-point rate hike should support margins in the third quarter. The bank also highlighted that reduced turnaround times for processing products are aiding customer service and business growth. Managing Director Sashidhar Jagdishan said he is leaving behind a strong platform characterized by resilience and stability.

On its agricultural portfolio, ICICI Bank said he necessary review and remediation exercise has been completed. It added that provisions made on the agri portfolio could be reversed over the next two quarters, subject to approval from the Reserve Bank of India (RBI).

ICICI Bank's management said margins are expected to start improving after the third quarter, although a marginal decline is likely in Q3. The bank attributed the recent pressure on margins largely to FCNR(B) deposits and said these deposits are expected to be deployed over the next two quarters. Management also expects two more RBI repo rate hikes in the current rate cycle and said the bank will continue to strengthen its presence in micromarkets as part of its growth strategy.

ICICI Bank said FCNR deposits should be viewed in the context of the bank's overall CASA ratio. The bank noted a marginal decline in the CASA ratio, with the mix between term deposits and CASA changing by around 9-10 basis points.

The lender said absolute net interest income (NII) has expanded and that it will continue to focus on profit before tax (PBT) and profit after tax (PAT) growth.

On its agricultural portfolio, the bank said the necessary review and remediation exercise has been completed. It added that provisions made on the agri portfolio could be reversed over the next two quarters, subject to approval from the Reserve Bank of India (RBI).

ICICI Bank Q2 Results Consolidated

• Net Profit up 20.1% At Rs 14,843 cror Vs Rs 12,359 crore YoY 
• NIM At 4.18% Vs 4.36% QoQ 
• Gross NPA At 1.20% Vs 1.38% QoQ 
• Net NPA At 0.30% Vs 0.35% QoQ 
• NII up 18% At Rs 25,339 crore Vs Rs 21,529 crore YoY 
• Provisions At Rs 851 crore Vs Rs 914 crore YoY 
• Provisions At Rs 851 crore Vs Rs 1,260 crore QoQ 
• Op Profit up 18.9% At Rs 20,575 crore Vs Rs 17,298 YoY
• Net Profit At Rs 14,843 crore Vs Estimate Of Rs 14,366 crore
• Gross NPA At 1.2% Vs Estimate Of 1.4% 
• Net NPA At 0.3% Vs Estimate Of 0.35% 
• NII At Rs 25,339 crore Vs Estimate Of Rs 25,166 crore
• NIM At 4.18% Vs Estimate Of 4.3%

HDFC Bank will host an earnings call with analysts and investors on Saturday, October 17, 2026, at 4 pm. IST to discuss its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.

IDBI Bank Q2 Consolidated Earnings

• Profit reduce 39.2% At Rs 2,205 crore Vs Rs 3,627 crore YoY 
• Gross NPA At 2.12% Vs 2.30% QoQ 
• Net NPA At 0.17% Vs 0.16% QoQ 
• NII up 29% At Rs 4,228 crore YoY 
• Provisions Stand At Rs 8.55 crore
• Op Profit reduce 17.9% At Rs 2,893 crore Vs Rs 3,523 crore YoY

As of September 30, 2026, the HDFC Bank's distribution network was at 9,706 branches and 20,881 ATMs across 4,177 cities / towns as against 9,545 branches and 21,417 ATMs across 4,156 cities / towns as of September 30, 2025. 50% of the branches are in semiurban and rural areas.

In addition, the Bank has 14,365 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,10,109 as of September 30, 2026 (as against 2,20,339 as of September 30, 2025). 

HDFC Bank Q2 Consolidated 

• Net Profit At Rs 19,510 crore Vs Estimate Of Rs 19,727 crore 
• Gross NPA At 1.11% Vs Estimate Of 1.14% 
• Net NPA At 0.37% Vs Estimate Of 0.39% 
• Op Profit At Rs 29,483 crore Vs Estimate Of Rs 29,868 crore
• NII At Rs 34,619 Vs Estimate Of Rs 34,991 crore 
• NIM At 3.16% Based On Total Assets 
• Net Profit up 4.7% At Rs 19,510 crore Vs Rs 18,641 crore YoY 
• Provisions At Rs 3,574 crore Vs Rs 3,059 crore QoQ 
• Provisions At Rs 3,574 crore Vs Rs 3,500 crore YoY 
• Op Profit up 5.6% At Rs 29,483 crore Vs Rs 27923 crore YoY 
• NII up 10% At Rs 34,619 crore YoY
• Gross NPA At 1.11% Vs 1.17% QoQ 
• Net NPA At 0.37% Vs 0.41% QoQ

Central Bank Q2 Consolidated

• Net Profit up 21.1% At Rs 1,469 crore Vs Rs 1,213 crore YoY 
• Gross NPA At 2.39% Vs 2.60% QoQ 
• Net NPA At 0.31% Vs 0.49% QoQ 
• NII up 26% At Rs 4,145 crore Vs Rs 3,283 crore YoY 
• Provisions At Rs 563 Cr Vs Rs 402 crore QoQ 
• Provisions At Rs 563 crore Vs Rs 314 crore YoY 
• Operating Profit up 27% At Rs 2,268 Cr Vs Rs 1,786 Cr YoY
• NIM Stands At 3.01% Vs 2.89% YoY

Amitabh Chaudhry, MD & CEO, Axis Bank, said, "As customer expectations continue to evolve, our focus remains on building a franchise that combines innovation, trust and execution at scale. This quarter, we built on our leadership in digital payments and secure banking while advancing our technology agenda through AI-driven innovation and strategic partnerships."

"We expanded our reach, enhanced customer propositions, invested in talent, and deepened our contribution to communities. Together, these efforts reflect our commitment to creating long-term value for our customers, stakeholders and the broader economy," he added.

Axis Bank Q2 Consolidated Results

• Net Profit up 37.6% At Rs 7,003 crore Vs Rs 5,090 YoY 
• Gross NPA At 1.16% Vs 1.28% QoQ 
• Net NPA At 0.35% Vs 0.39% QoQ 
• NII up 12% At Rs 15,371 crore Vs Rs 13,745 crore YoY 
• Provisions At Rs 1,694 crore Vs Rs 3,547 crore YoY 
• Provisions At Rs 1,694 crore Vs Rs 2,223 crore QoQ
• Op Profit [GU] 6.4% At Rs 11083 crore Vs Rs 10413 crore YoY

• Le Travenues Technology's (Ixigo) board approved the allotment of 173,780 fully paid-up equity shares with a face value of Rs 1 each following the exercise of employee stock options.
• The paid-up share capital rose to Rs 441,258,930 from Rs 441,085,150 following the allotment, according to company's exchange filing.

Le Travenues Technology's (Ixigo) board approved unaudited standalone and consolidated results for Q2FY27 ended September 30, 2026. 

Ixigo Q2 Results Consolidated

• Net Profit At Rs 61.3 crore Vs Loss Of Rs 3.2 crore YoY 
• Revenue up 12.9% At Rs 321 crore Vs Rs 284 Cr YoY 
• Ebitda At Rs 18.1 crore Vs Loss Of Rs 3.7 Cr YoY 
• Ebitda Margin At 5.6% In Q2

Q2 FY27 net profit includes the Rs 40.66 crore exceptional gain from the FreshBus stake sale.

Earnings from India Cements, ixigo operator LE Travenues Technology, Rossari Biotech and mid-sized companies may offer clues about demand across cement, travel technology and specialty chemicals.

The Central Bank's board will meet on Saturday, October 17, 2026, at its Central Office in Mumbai to consider and approve unaudited standalone and consolidated financial results for Q2FY27, ended September 30, 2026.

Under the bank’s insider trading policy, the trading window for directors, designated employees and their immediate relatives has been closed since October 1. It will remain closed until 48 hours after the results are declared and is scheduled to reopen on October 20, 2026.

India Cements is also set to to report Q2FY27 result today. The company will hold its Q2 FY27 earnings call on Monday, October 19, 2026.

The management will discuss the quarter’s financial performance, followed by an interactive question-and-answer session.

HDFC Bank is expected to report around 8% YoYgrowth in net interest income (NII), supported by loan expansion. Brokerages differ on its profit outlook, with estimates ranging from modest growth to a stronger increase.

HDFC Bank Q2 Preview (Standalone, YoY) (Bloomberg Estimates)

• Net interest income seen 10.9% higher at Rs 34991.51 crore versus Rs 31550 crore
• Net interest margin seen at 3.27% versus 3.27% (3.26%)
• Profit seen 5.8% higher at Rs 19727.43 crore versus Rs 18641.28 crore
• Provisions seen 4.5% lower at Rs 3342.62 crore versus Rs 3500 crore
• Gross NPA seen at 1.14% versus 1.17% (QoQ)

The October 17 calendar also features Bajaj Healthcare, Central Bank of India, Cupid Breweries, Gagan Gases, Hemo Organic, Indo Cotspin, IDBI Bank, India Cements, ixigo operator LE Travenues Technology, Kross, Midland Polymers, Punjab and Sind Bank, Rossari Biotech, TGB Banquets and Hotels, and YES Bank.

Good Morning!  It’s a busy Saturday on the earnings calendar! HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank, Yes Bank and India Cements are set to announce their September-quarter results today, October 17. Stay with us as the numbers roll in, with live updates on profits, revenues and what management teams have to say.