AU Small stock gains 4.38 percent on Q2 growth

Published on 10/07/2026 at 04:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AU Small stock gained support as Q2 deposits rose 28.6 percent year over year to INR 170,460 crore. Gross advances increased 27.9 percent to INR 150,290 crore.

AU Small, INE949L01017, Illustration mit AI erstellt.

AU Small stock gained 4.38 percent to INR 1,029.20 on the NSE on October 5, 2026, as provisional second-quarter figures showed rapid deposit and lending growth. According to EquityBulls on October 3, 2026, total deposits reached INR 170,460 crore and gross advances reached INR 150,290 crore in Q2 FY27.

Deposits expand 28.6 percent

The deposit base rose 28.6 percent year over year from INR 132,509 crore in Q2 FY26, while sequential growth was 8.1 percent from INR 157,727 crore in Q1 FY27, according to EquityBulls. CASA deposits increased 29.1 percent to INR 50,290 crore, lifting the CASA ratio to 29.5 percent from 29.4 percent a year earlier.

The lending figures point to a similar expansion. Gross advances increased 27.9 percent year over year from INR 117,525 crore and rose 7.0 percent quarter over quarter from INR 140,461 crore, while the broader gross loan portfolio grew 25.1 percent to INR 153,770 crore.

Margins remain the key counterweight

The Q2 figures are provisional and await formal review, a distinction that matters because operating growth does not determine the final earnings outcome. The bank's investor page lists Q1 FY27 profit after tax at INR 796 crore, up 37 percent year over year, and net interest margin at 5.9 percent, up 47 basis points year over year, as of June 30, 2026, according to AU Small Finance Bank.

The Economic Times reported on October 5, 2026, that Nomura expected loan growth momentum to continue but saw near-term margin pressure from surplus liquidity, making the eventual conversion of deposit growth into net interest income the central operating test. The report also placed AU Small shares near INR 1,021 during that session, linking the market move directly to the Q2 update.

Consensus target stays above price

A September 24, 2026 market overview cited by Invest Folio showed a Buy consensus from 29 analysts, with an average target of INR 1,121.10, a low target of INR 800.00 and a high target of INR 1,285.00. The average target lies 8.9 percent above the INR 1,029.20 price on October 5, 2026, although the range also shows a wide spread in expectations.

AU Small stock stays below yearly high

AU Small stock was last quoted at INR 1,029.20 on the NSE on October 5, 2026, with a 52-week range of INR 745.00 to INR 1,144.10. Its market capitalization was INR 773.3 billion on that date, and reported volume was 625,000 shares.