CSB Bank Q1 FY27 Results (NSE: CSBBANK)
Signal: Earnings grew
The read
PAT up 27% YoY on robust NII growth and lower provisions; margin compressed, but asset quality improved with net NPA down to 0.39% from 0.66% a year ago. Sequentially PAT dipped due to higher provisions.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,516.07 Cr | 17.92% | 0.60% |
| Net profit | ₹150.04 Cr | 26.51% | |
| EPS | ₹8.65 | 26.46% | |
| EBIT margin | 16.54% |
P&L walk
Bank reports standalone only; no consolidated statement as there are no subsidiaries.
Segments
Retail Banking is the primary profit driver contributing ₹14,599 lakh (72% of PBT) with revenue up 25.0% YoY; Corporate/Wholesale Banking profit jumped 2.36x YoY to ₹2,839 lakh; Treasury profit declined 55.6% YoY to ₹1,476 lakh.
Key positives
- NII grew 20.7% YoY to ₹47,866 lakh, driven by 26.9% YoY growth in advances interest income.
- Net NPA ratio improved to 0.39% from 0.66% a year ago, lowest in recent quarters.
- CRAR strong at 19.96%, well above regulatory requirement.
- Provisions declined 19.3% YoY, supporting PAT growth.
Key concerns
- NIM compressed 19bps YoY to 3.83% (annualised), indicating margin pressure.
- Sequential PAT down 25.6% QoQ due to provisions spiking to ₹4,903 lakh from ₹2,302 lakh in Q4 (though Q4 had low provisioning).
- Cost to income ratio at 72.2% remains elevated, though flat YoY.
Research and educational content only. Not investment advice.