J&K Bank Q1 results: Net profit up 17% YoY to Rs 485 crore, NII grows 7%
Net interest income (NII) rose 7% to Rs 1,465 crore from Rs 1,369 crore, while other income jumped 29% to Rs 250 crore. Operating profit also saw a 13% rise, coming in at Rs 673 crore.
Gross NPA improved to 3.50% YoY (though slightly up sequentially from 3.37%), while Net NPA remained stable at 0.82%. The NPA Coverage Ratio remained strong at above 90%.
The bank's deposits grew 12% YoY to Rs 1.49 lakh crore, and net advances rose 6% to Rs 1.01 lakh crore. CASA ratio stood at 45.71%, while Return on Assets (RoA) improved to 1.17%.
Capital Adequacy Ratio (CAR) was reported at 15.98%, giving the bank a strong buffer for future growth. MD & CEO Amitava Chatterjee stated the bank is witnessing improving ground conditions and remains focused on expanding Rest of India operations and digital capabilities.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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