RBL Bank (RBLBANK) investor relations material

Executive summary

• Standalone Q2 FY27 net profit rose 170% YoY to INR 482 crore; operating profit reached INR 1,396 crore.

• Consolidated Q2 net profit was INR 498.36 crore versus INR 192.46 crore YoY; total income was INR 5,401.65 crore.

• Advances grew 42% YoY to INR 142,314 crore; deposits rose 34% to INR 156,273 crore, or 6% excluding FCNR.

Financial highlights

• NII rose 37% YoY to INR 2,131 crore; NIM was 4.61%, up 48 bps QoQ.

• Non-interest income increased 16% YoY to INR 1,077 crore; fee income rose 12% to INR 1,040 crore, including a one-off FCNR-related swap fee.

• Net total income grew 29% YoY to INR 3,208 crore; operating expenses increased 3% to INR 1,812 crore.

• Provisions were INR 767 crore, up 53% YoY; credit cost was 63 bps, including 11 bps for standard asset provisions.

• Standalone profit before tax rose 175% YoY to INR 630 crore; tax was INR 148 crore.

Outlook and guidance

• Loan growth baseline remains 22%-25%; management cited a 5%-6% quarterly modeling range after Q2’s exceptional 40% expansion.

• NIM is expected to be slightly lower in Q3, then likely to inch up in Q4, depending on liquidity deployment, loan mix, FCNR impact and funding costs.

• Credit-card slippages are expected to decline toward ~400 in Q3-Q4, with card credit costs easing to 5.5%-6%; other portfolios are expected to hold absent material rural deterioration.

• Next-year unsecured growth outlook is high single digits to low double digits; overall growth was described as mid-20s, with unsecured mix broadly stable or slightly lower.

• OpEx is expected to rise modestly with branch, staffing, technology and wealth investments; management cited 7%-8% as the expected range.