RBLBANK reported Q2 FY27 numbers with revenue of Rs. 5,399.45 Cr (+21.60% YoY) and PAT growth of +169.90% YoY. Here's a quick read of what worked, what to watch, and what management said.
Quick Details| Results date | October 12, 2026 |
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| Quarter | Q2 FY 2026-2027 |
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| Revenue (Q2) | Rs. 5,399.45 Cr (+21.60% YoY) |
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| PAT (Q2) | Rs. 481.77 Cr (+169.90% YoY) |
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| EBITDA margin | 25.86% (+946 bps YoY) |
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| EPS (Q2) | Rs. 3.11 (+6.50% YoY) |
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| Market cap | Rs. 65,281.18 Cr |
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| CMP | Rs. 420.55 |
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Quarter Snapshot
RBL Bank's standalone PAT grew 169.9% YoY to Rs.481.77 Cr on a 91.7% rise in PPOP, with cost-to-income falling to 56.48% from 70.67% and the NII margin proxy expanding ~480 bps against guided 30-40 bps; GNPA improved to 1.02% and ROA reached 0.92% against the ~1% target. The Rs.26,016 Cr ENBD preferential allotment lifted net worth to Rs.42,061 Cr and capital adequacy to 30.10%, funding 40% YoY advance growth. Retail Banking losses widened to Rs.180.93 Cr on provisions up 53.4% YoY, and the CASA ratio slipped to 27.2%.
Key Investment Insights
Key Positives
- Standalone PAT grew 169.9% YoY to Rs.481.77 Cr; consolidated PAT grew 158.9% YoY to Rs.498.36 Cr
- PPOP grew 91.7% YoY to Rs.1,396.13 Cr as cost-to-income fell to 56.48% from 70.67% YoY, exceeding the guided 5-6 pp reduction with an 8.2 pp QoQ drop
- NII grew 37.4% YoY to Rs.2,130.93 Cr as interest expended rose only 12.0% YoY; NII/total income margin expanded from ~34.7% to ~39.5% against guided 30-40 bps improvement
- GNPA fell to 1.02% (from 2.32% YoY and 1.30% QoQ) and NNPA to 0.29% (from 0.57% YoY)
- Annualised ROA improved to 0.92% from 0.48% YoY, approaching management's ~1% target for Q2/Q3 FY27
- Advances grew 40% YoY and deposits 34% YoY while borrowings fell 12.2% YoY; debt-equity ratio at 0.31 vs 0.95 a year ago
- Capital adequacy ratio at 30.10% vs ~11.5% regulatory minimum; net worth of Rs.42,061 Cr after the Rs.26,016 Cr ENBD preferential allotment
- Wholesale banking segment revenue grew 33.1% YoY against 20-25% guidance; Treasury swung to a Rs.479.80 Cr profit from a Rs.7.79 Cr loss
Risk Factors
- Retail Banking segment loss widened to Rs.180.93 Cr from Rs.21.47 Cr YoY (Rs.81.28 Cr in Q1 FY27), with segment margin at −4.0%
- Provisions grew 53.4% YoY to Rs.766.53 Cr, consistent with elevated credit-card slippages in H1 FY27
- CASA ratio declined to 27.2% from 29.2% QoQ (30.9% in Q3 FY26), constraining funding costs
- Treasury contributed Rs.479.80 Cr of the Rs.629.60 Cr pre-tax profit; profit concentration in treasury and wholesale is a risk if treasury conditions normalise
- Amalgamation of ENBD's India branch into RBL Bank remains pending RBI approval