| P/E TTM | 72.83vs Sector 21.62 |
|---|---|
| Market Cap | ₹65,483 CrBanking Sector |
| 1Yr Price Change | 44.67%High 429.6 |
| RSI | 56.33Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 4,322 | 3,840 | 3,508 |
| Other Income | 1,080 | 922 | 934 |
| Total Income | 5,402 | 4,762 | 4,442 |
| Profit Before Tax | 650 | 310 | 245 |
| Net Profit | 498 | 234 | 192 |
| Operating Margin | 12.0% | 6.5% | 5.5% |
| Net Profit QoQ | +112.8% | ||
| Net Profit YoY | +158.9% | ||
Key highlights
- Net profit reached ₹498 crore, representing a 158.9% growth year-on-year and a 112.8% increase sequentially
- Operating margins expanded to 12.0% in Q2-27, up from 6.5% in the previous quarter
- Total income for the quarter stood at ₹5,402 crore, driven by revenue from operations of ₹4,322 crore
- Asset quality improved with Gross NPA at 1.02% compared to 2.32% in the same period last year
- The bank maintains a strong capital base with a capital adequacy ratio of 30.10% under Basel III norms
- Corporate and Wholesale banking segments contributed ₹252 crore to the profit before tax during the quarter
Profitability and Margin Expansion
RBL Bank Limited has demonstrated a sharp recovery in its earnings profile for the quarter ended September 30, 2026. The consolidated net profit of ₹498 crore marks a substantial 158.9% increase compared to ₹192 crore in the corresponding quarter of the previous fiscal. This growth is underpinned by an expansion in operating margins, which nearly doubled on a sequential basis to 12.0%.
The bank reported a profit before tax of ₹650 crore, which is a 109.7% jump from the June quarter, reflecting improved efficiency and interest income realization following the strategic capital infusion earlier this year.
Corporate Strength Offsets Retail Headwinds
The bank segmental performance reveals a divergence between its primary business units. The Corporate and Wholesale banking segment remained the primary driver of profitability, contributing a segment result of ₹252 crore for the quarter. In contrast, the Retail Banking segment recorded a loss of ₹160.45 crore at the EBIT level.
Treasury operations also performed strongly, posting a profit of ₹479.80 crore. This segmental mix highlight the bank continued reliance on wholesale lending and treasury gains while it works toward stabilizing the retail portfolio under its new promoter structure.
Strategic Ownership and Capital Infusion
- Emirates NBD Bank P.J.S.C currently holds 60 percent of the expanded paid-up equity share capital
- A total investment of ₹26,015.77 crore was completed by the promoter on June 18, 2026
- The bank is now officially classified as a subsidiary of Emirates NBD Bank
- The capital adequacy ratio remains robust at 30.10 percent, providing a strong cushion for future growth
- Pending regulatory approval, the bank plans to amalgamate Emirates NBD India branches into its operations
Asset Quality and Analytical Ratios
RBL Bank asset quality has seen marked improvement over the past twelve months. The Gross Non-Performing Asset ratio declined to 1.02% in September 2026 from 2.32% in September 2025. Similarly, the Net NPA ratio improved to 0.29% from 0.57% year-on-year.
The bank provision coverage remained conservative, with provisions other than tax standing at ₹76.65 crore for the quarter. The annualized return on assets reached 0.92%, nearly doubling from 0.48% in the year-ago period, signaling a more productive utilization of the bank expanding balance sheet.
Promoter Integration Status
Following completion of the transaction, Emirates NBD holds 60% of the expanded paid-up equity share capital of the Bank, has been classified as its promoter, and the Bank has become a subsidiary of Emirates NBD.
| Date | Announcement | Amount |
|---|---|---|
| 17 Jul 2026 | Q1 FY27 standalone net profitSource: scanx.trade | ₹254.00 Cr |
| 25 Apr 2026 | Q4 FY26 standalone net profitSource: NSE filing | ₹230.00 Cr |
| 17 Jan 2026 | Q3 FY26 standalone net profitSource: BSE filing | ₹214.00 Cr |
| 18 Oct 2025 | Q2 FY26 standalone net profitSource: BSE filing | ₹179.00 Cr |
| 19 Jul 2025 | Q1 FY26 standalone net profitSource: psuconnect.in | ₹200.00 Cr |
| 25 Apr 2025 | Q4 FY25 standalone net profitSource: fintechbiznews.com | ₹69.00 Cr |
What to watch next
- Final RBI approval for the Scheme of Amalgamation of Emirates NBD Bank India Branch
- Execution of management loan growth guidance of 18% to 20% for the full fiscal year
- Announcement of Q3 FY27 financial results in January 2027
“The Board also took note of the Limited Review Reports on unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.”
| Share price | ₹421.85 |
|---|---|
| Market capitalisation | ₹65,482.99 Cr |
| Revenue (annual) | ₹14,336.75 Cr |
| Net profit (annual) | ₹879.04 Cr |
| Revenue (latest quarter) | ₹3,840.24 Cr+3.21% vs previous quarter |
| Net profit (latest quarter) | ₹234.23 Cr-4.17% vs previous quarter |
| P/E (TTM) | 72.83×Sector 21.62× |
| Promoter holding | 59.88%-0.12% QoQ |
| FII holding | 8.7%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by RBL Bank Limited announcing the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Market figures from a third-party data provider.
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