Bank of India's Profit Surge Highlights Strong Turnaround Momentum
The public sector bank reported a 77.9% year-on-year jump in profit, driven by a significant improvement in net profit margin.
Bank of India's Q1 FY27 results show a robust 77.9% surge in profit from a year ago. Revenue grew steadily, while net profit margin expanded sharply to 15.6%.
Bank of India has kicked off the new fiscal year with a powerful display of earnings momentum. The public sector lender's profit for the quarter ended June 2026 soared 77.9% from the same period last year, far outpacing a steady 8.8% rise in revenue. This sharp divergence signals a major improvement in profitability, with the net profit margin expanding by 600 basis points to reach 15.6%.
The bank's performance builds on a consistent upward trajectory over the past year. As the table below shows, both revenue and profit have climbed steadily quarter-on-quarter, with profitability strengthening significantly.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period | Quarter ended June 2026 | Quarter ended March 2026 | Quarter ended June 2025 |
| Revenue (₹ Cr) | 20,096.9YoY +8.8% | 19,573.37 | 18,466.61 |
| Profit (₹ Cr) | 3,138.46YoY +78% | 3,049.66 | 1,763.95 |
| Net Profit Margin (%) | 15.6YoY +63% | 15.6 | 9.6 |
Sequentially, the growth was more measured, with revenue and profit each rising by nearly 3% from the March 2026 quarter. The trailing-twelve-month (TTM) net profit margin stands at 14.8%, indicating the latest quarter's performance is above the recent average.
Key Points
- The stock has delivered strong returns, gaining 27.3% over the past year and 67.5% over three years.
- The bank maintains a solid balance sheet with a Return on Equity (ROE) of 13.07%.
- Despite the earnings surge, the stock trades at a significant discount to the industry, with a Price-to-Earnings (P/E) ratio of 6.1 compared to the industry average of 12.6.
The latest results solidify a multi-quarter trend of improving efficiency, setting a high bar for the rest of FY27.
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· BANKINDIA
(BSE)
ISIN: INE084A01016
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