Bandhan Bank shares hit 52-week high today: What's the reason?
What's the story
Shares of Bandhan Bank surged by a whopping 12% today, hitting a 52-week high of ₹200.30. The spike in share price came after the bank announced its financial performance for the March quarter (Q4 FY26). The private lender reported a net profit of ₹534.14 crore for the period, marking an impressive year-on-year growth of 68% from ₹317.90 crore in Q4 FY25.
Financial growth
Marginal growth in NII and total revenue
Bandhan Bank also witnessed a marginal year-on-year growth in its net interest income (NII) for the March quarter. The NII rose by 1.4% to ₹2,795.6 crore from the previous year's figure. The bank's total revenue also saw a similar upward trend, increasing by 3.2% to reach ₹3,567 crore during this period under review.
Financial metrics
Net interest margin declines, but asset quality improves
Despite the growth in profit and revenue, Bandhan Bank's margins took a hit. The net interest margin (NIM) fell to 6.2% in Q4 FY26 from 6.7% in the same period last year. However, on a positive note, the bank's asset quality improved sequentially, with gross NPAs easing to 3.27% from 3.33% in the previous quarter, and net NPAs declining slightly to 0.97%.
Dividend declaration
Bandhan Bank declares ₹1.5 dividend per equity share
For the entire fiscal year FY26, Bandhan Bank declared a dividend of ₹1.5 per equity share, translating into a 15% payout on a face value of ₹10 per stock. The bank's stock has been on an upward trend lately, gaining 12% in one week, 33% in one month, and an impressive 31% over three months. It is also up by 46% from its 52-week low of ₹134 and by 18% over the last year.