Arthneeti

Bandhan Bank Q2 FY27 Share Price & Earnings Call Analysis

₹154.33-4.64% today
Market cap
₹24,865 Cr
P/E
18.38
ROE
4.88%
PEG
-1.05
Price to sales
1.16
Debt to equity
7.06
52W high / low
₹217 / ₹135
Sales growth (5Y)
11.61%
EBITDA margin
46.36%
Net profit margin
5.65%
Promoter holding
37.00%
Sales (last year)
₹21,844 Cr

Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking. [1][2]

Guidance scorecard · Q2 FY27 call

What Bandhan Bank's management guided
and where it ranks in Banks

#21of 27 in
Banks
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookFlat

RevenueQ1 FY27 call

10–20%
  • Bandhan Bank expects overall credit growth of around 14-16% for FY27, with non-EEB portfolio growing over 20%, already showing 27% growth in Q1.
  • EEB (microfinance) segment growth is cautious due to macro risks, expected between 5-10%, aiming to maintain around 33% of total exposure.
  • Retail assets like commercial vehicles, gold loans, and housing loans are targeted for strong growth; retail assets grew 45% YoY in Q1.
  • Wholesale banking is growing rapidly at about 35-40%, focusing on corporate ecosystem expansion despite lower margins.
  • Growth in microfinance will be calibrated and quality-focused amid external challenges; no aggressive growth but stable or moderate growth is planned.

2 more points from Bandhan Bank's call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Bandhan Bank said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Bandhan Bank is actively investing in technology (IT) to build new products for wholesale, retail, and housing segments, and to improve governance and product monitoring tools.
  • The bank considers these tech investments critical and has no plans to postpone them, aiming to generate higher other income and productivity gains.
  • IT-related costs, including infrastructure like data centers (DCDR) and automated disaster recovery capabilities, are increasing due to supply chain constraints and rising vendor charges.
  • Current IT costs constitute around 8-9.5% of total operating expenses, up from 5-6% two years ago, with plans to continue investing before tapering down opex-to-asset ratio by FY28.

2 more points from Bandhan Bank's call on capex

Create a free account to keep reading this call

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Bandhan Bank said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Flat

Ask what Bandhan Bank said on the order book →

Full Q1 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. RBL BankGood growth
    3
See all potential multibaggersWhere does Bandhan Bank rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3RBL Bank20–40%Flat₹58,716 Cr49.8
420–40%Flat₹13,576 Cr9.4
520–40%Flat₹6,759 Cr8.6
620–40%Flat₹5,337 Cr8.0

Sign up free to see every company in the sector ranking and track Bandhan Bank.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of Bandhan Bank

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Bandhan Bank

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +39.98%39.98%39.98%39.98%39.98%39.98%40.92%40.29%39.74%38.98%37.54%37.00%
FIIs +34.75%31.20%28.25%26.73%23.23%22.73%24.34%23.44%22.32%22.07%18.64%17.16%
DIIs +14.79%12.42%15.06%16.33%15.41%16.36%16.52%17.82%18.76%22.33%27.47%29.27%
Government +0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public +10.42%16.32%16.63%16.89%21.32%20.86%18.14%18.39%19.11%16.55%16.26%16.51%
No. of Shareholders5,50,1387,24,1537,58,7157,49,3158,61,2288,59,4727,88,1237,69,1927,67,1367,11,2846,64,0006,56,668

Financials of Bandhan Bank

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +4,4924,6655,1895,5365,5005,4795,4345,4765,3545,4315,4285,6315,754
Interest2,0492,1402,3302,5312,5662,6642,6782,7182,7652,7432,6332,7102,793
Expenses +2,0362,0993,4962,1152,2943,2813,1442,9622,9773,0892,8022,8492,826
Financing Profit407426-637890640-466-388-204-389-401-772134
Financing Margin %9%9%-12%16%12%-9%-7%-4%-7%-7%-0%1%2%
Other Income +5405457015286091,112700726546691771604705
Depreciation0000000000000
Profit before tax947971641,4181,249645311521158290764676839
Tax %24%25%15%25%25%34%-2%29%29%29%30%26%26%
Net Profit +721733551,063937426318372112206534502622
EPS in Rs4.484.550.346.605.822.651.972.310.691.283.323.113.86
Gross NPA %7.32%7.02%3.84%4.23%4.68%4.68%4.71%4.96%5.02%3.33%3.27%3.15%3.11%
Net NPA %2.32%2.21%1.11%1.15%1.29%1.28%1.28%1.36%1.37%0.99%0.97%0.93%0.92%

Financials of Bandhan Bank

Profit & Loss

Annual income statement trend

Mar 2015 4mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +01,5813,9094,8026,64310,88512,52413,87115,90518,87021,94821,68922,244
Interest06491,5051,7702,1484,5624,9615,1576,6458,55110,45810,85910,879
Expenses +66331,0441,5972,4673,7396,53411,2988,6939,31010,55511,52611,566
Financing Profit-62991,3601,4362,0282,5841,029-2,5845671,009936-696-201
Financing Margin %19%35%30%31%24%8%-19%4%5%4%-3%-1%
Other Income +81504117061,0631,5492,0222,8232,4692,1712,9672,7342,770
Depreciation036678678801031101432382793040
Profit before tax24141,7042,0563,0134,0532,9491292,8932,9433,6231,7342,569
Tax %75%33%35%35%35%25%25%2%24%24%24%29%
Net Profit +12751,1121,3461,9523,0242,2051262,1952,2302,7451,2241,863
EPS in Rs0.012.5110.1511.2816.3618.7813.690.7813.6213.8417.047.6011.57
Dividend Payout %0%0%0%9%18%0%7%0%11%11%9%20%

Financials of Bandhan Bank

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital5011,0951,0951,1931,1931,6101,6111,6111,6111,6111,6111,6111,611
Reserves12,2393,3518,18910,00913,58515,79815,77017,97319,99922,99423,96424,531
Deposits12,08923,22933,86943,23257,08277,97296,331108,065135,202151,212166,344172,688
Borrowing03,0521,02928552116,37916,96019,92124,71116,37211,13814,30310,008
Other Liabilities +251,2821,5327741,4873,0622,6755,2343,6774,6594,5204,9024,599
Total Liabilities52719,75630,23644,31056,44291,718115,016138,867156,037177,842191,476211,124213,438
Fixed Assets +02372522382223474324155099598559311,646
CWIP10800010922551733462143254700
Investments03,7585,5168,37210,03715,35225,15529,07932,36629,28840,71238,66836,083
Other Assets +41815,76124,46835,70046,07375,99789,374109,200122,817147,381149,584171,054175,708
Total Assets52719,75630,23644,31056,44291,718115,016138,867156,037177,842191,476211,124213,438

Financials of Bandhan Bank

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +8,885-2,5992,6956,583-909902-4,24514,8082,7521,143
Cash from Investing Activity +-2,671-2,237-2,373-4,187-1,804-612-1,6181,691-3,879317
Cash from Financing Activity +-2,0232,8461051545882,8034,791-8,579-5,4752,923
Net Cash Flow4,192-1,9894272,550-2,1253,093-1,0717,921-6,6014,382
Free Cash Flow8,803-2,6712,5246,481-1,129691-4,65414,2522,466616

Financials of Bandhan Bank

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %0%14%29%19%19%23%14%1%12%11%12%5%

Guidance history

How Bandhan Bank's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned—Flat
Q4 FY26 call →10–20%Flat———
Q3 FY26 call →10–20%Up 0–2%——Rising
Q2 FY26 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

18out of 100

Momentum score · price trend

18 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−9.5%51%
Last 6 months−22.7%17%
Last 3 months−11.4%41%

The price is 78.1% below its all-time high of ₹703.9 (17 Aug 2018). Stocks more than 20% below their peak have their score halved, so 35 became 18.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bandhan Bank: 0.4 × 51 + 0.4 × 17 + 0.2 × 41 = 35, halved to 18 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Bandhan Bank's management said in earlier quarters

Others in Banks this season

  • Bank of Baroda (Q2 FY27)

    Total Income in Q2 FY27: ₹45,784 crore, up 19.1% YoY (Page 45) . Key investor presentation takeaways from Bank of Baroda's Q2 FY27 investor presentation — and h

  • Suryoday Small Finance Bank Ltd (Q2 FY27)

    Gross Advances: ₹14,972 Cr, +34.6% YoY . Key investor presentation takeaways from Suryoday Small Finance Bank Ltd's Q2 FY27 investor presentation — and how it r

  • Fino Payments Bank Ltd (Q2 FY27)

    Q2’27 Revenue: ₹333.6 Cr, up 16.6% YoY (Page 15) . Key investor presentation takeaways from Fino Payments Bank Ltd's Q2 FY27 investor presentation — and how it

  • Capital Small Finance Bank Ltd (Q2 FY27)

    Net Interest Income: INR 139 Crores (24% YoY increase from INR 112 Crores in Q2FY26) . Key investor presentation takeaways from Capital Small Finance Bank Ltd's

Compare:vs HDFC Bank Ltdvs ICICI Bank Ltdvs SBI