RBL Bank’s Q2 Net Profit Jumps 170% YoY
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RBL Bank shares plunge 8% despite 170% jump in Q2 profit. Should you buy, sell or hold?
RBL Bank shares fell up to 8% despite a 170% year-on-year jump in Q2 FY27 net profit to Rs 481.7 crore. Strong net interest income growth and improved asset quality supported performance, while provisions rose. Nuvama raised its target price to Rs 500, citing the ENBD acquisition and FCNR deposit mobilisation, while Dolat Capital retained its Sell rating with a Rs 320 target.
RBL Bank Q2 Results: Net Profit Skyrocket 170% YoY to Rs 482 Crore, Beats Estimates
Noida, Oct 12 (APAC Media): RBL Bank on Monday reported a 170 per cent year-on-year jump in consolidated net profit to Rs 482 crore in the second quarter of FY27, up from Rs 179 crore in the corresponding period last year. RBL Bank’s net interest income (NII) rose 37 per cent year-on-year to Rs 2,131 […] The post RBL Bank Q2 Results: Net Profit Skyrocket 170% YoY to Rs 482 Crore, Beats Estimates first appeared on APAC Media | Latest News & Event…
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