RBL Bank shares slip 3% as net profit sinks 46% in June quarter, brokerages remain bullish

Motilal Oswal noted that RBL Bank reported a beat on earnings expectations, with margins sharply moderating due to the repo rate cuts.

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RBL Bank Ltd shares sank over three percent in trade after investors offloaded their holdings on Monday, July 21, following the bank’s earnings show for the quarter ended June.

The bank reported a net profit of Rs 200 crore in the first quarter of FY26, showing a sharp rebound from Rs 69 crore in the previous quarter, although it remained 46 percent below the Rs 371.5 crore posted in the same period last year. Standalone income for the quarter rose slightly to Rs 4,510 crore compared to Rs 4,476 crore in Q4 FY25.

RBL Bank‘s net interest income held firm at Rs 3,441 crore, while other income, including fees, commissions, foreign exchange gains, and investment returns, increased to Rs 1,069 crore from Rs 1,000 crore in the previous quarter.

Provisions came in at Rs 442 crore, down from Rs 785 crore in Q4 but higher than the Rs 366 crore reported a year ago.

However, despite the falling profit, brokerages were bullish, as the PAT came ahead of their expectations. “Despite slower credit growth and sharper margin contraction, RBL reported a PAT beat, mainly due to higher treasury gains and contained provisions,” said Emkay Global, maintaining its ‘buy’ rating.

Motilal Oswal said RBL Bank reported a beat on earnings, with margins sharply moderating due to the repo rate cuts. The brokerage reaffirmed its ‘buy’ outlook, with a price target of Rs 290 per share.

“Deposits grew 2 percent QoQ, with the CASA ratio moderating to 32.5 percent. Advances also increased 2 percent QoQ, with the bank expecting it to grow in the mid-teens, with a
mid-to-high teen growth in wholesale advances. In addition, the comfortable CD ratio will further support its credit growth.”

At 10.10 a.m., shares of the bank were quoting Rs 260.42, after recovering a large portion of its intraday losses.

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