Indian Bank share price zooms 10% after announcement of Q1 results 2026
New Delhi, July 10 -- Indian Bank share price jumped 10% to its day's high of Rs.872.45 per share on BSE on Friday, July 10 after it posted strong results for the quarter ended June 2026.
Indian Bank on Friday reported a standalone net profit of Rs.3,273 crore for the April-June quarter of FY27, marking a more than 10% year-on-year (YoY) rise from Rs.2,973 crore reported in the corresponding quarter of the previous financial year.
The PSU lender's net interest income (NII) rose nearly 17% year-on-year (YoY) to around Rs.7,435 crore in Q1FY27, compared with Rs.6,359 crore in the corresponding quarter last year. Following the earnings announcement, Indian Bank shares surged around 10%.
The strong growth in net profit and NII was accompan...
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