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United News of India
5 days ago
- Business
- United News of India
Karur Vysya Bank posts Rs 521 cr Q1 profit
Bengaluru, July 24 (UNI) Karur Vysya Bank (KVB) today reported a strong 13.51% rise in net profit to ₹521 crore for the quarter ended June 30, 2025, compared to Rs 459 crore in the same period last year, underscoring the bank's continued focus on profitability and operational efficiency. Driven by consistent growth across key segments, the bank's total business surged to ₹1,96,024 crore, a 15.27% year-on-year (YoY) increase. Total deposits stood at Rs 1,06,650 crore, up 15.49% YoY, while advances climbed to ₹89,374 crore, reflecting a 15.01% YoY rise. The Retail, Agri, and MSME (RAM) loan portfolio recorded robust growth of 19.52% YoY, highlighting the bank's continued push towards inclusive credit expansion. In a key development, the Board of Directors approved the issuance of bonus equity shares in the ratio of 1:5, one share for every five held — subject to shareholder approval. The bank's operating performance remained resilient, with Pre-Provision Operating Profit (PPOP) rising by 7.91% YoY to Rs 805 crore. Net Interest Income (NII) increased by 5.16% to ₹1,080 crore. However, the Net Interest Margin (NIM) eased to 3.86%, down 28 basis points from the previous year. The cost-to-income ratio stood at 47.24%, indicating prudent cost control, while Return on Assets (ROA) was a healthy 1.73%. KVB's other income jumped 16.10% YoY, and commission and fee-based income rose 5.02% sequentially to ₹251 crore. Operating expenses for the quarter were ₹721 crore, compared to ₹667 crore in Q1 of the previous year. Asset quality improved significantly during the quarter. Gross Non-Performing Assets (GNPA) declined sharply to 0.66%(₹593 crore) from 1.32% (₹1,025 crore) a year ago, while Net NPA dropped to **0.19%** (₹170 crore) from 0.38% (₹294 crore). The Provision Coverage Ratio (PCR) strengthened to 96.76%, reflecting robust credit risk management. The bank's capital adequacy remains strong, with a Capital Adequacy Ratio (CAR) of 17.36% under Basel III norms, up from 16.47% in the previous year and well above the regulatory requirement of 11.50%. Tier 1 capital stood at 16.33%. As of June 30, 2025, the bank's physical and digital presence expanded to 888 branches, one Digital Banking Unit, and 2,226 ATMs/Cash Recyclers. With 55% of its branches located in semi-urban and rural areas, KVB continues to deepen its footprint in underserved regions. It is also supported by 374 business correspondents. Commenting on the results, B Ramesh Babu, Managing Director & CEO, said, "We are pleased to report that our performance metrics are in line with our guidance. Our growth strategy remains consistent, and this quarter's results underscore our operational resilience. The Bank continues to deliver inclusive and sustainable growth across all parameters — business expansion, profitability, and asset quality." UNI BDN ARN
News18
21-07-2025
- Business
- News18
Bonus Issue Stock: This Private Lender To Reward Shareholders On July 24, 42% Up YTD
'…we wish to inform you that in the said meeting, the Board would also consider the proposal for Issue of bonus shares in accordance with the applicable provisions, subject to approval of Shareholders of the Bank," the bank said in the filing. A bonus is an additional share/shares given by the company to shareholders from its profits at a pre-determined ratio without any extra cost. It, however, doesn't affect the holding value of the investors/shareholders as stock price adjusts post the record date of the bonus in alignment with the rising number of shares in the market. It will be the fourth bonus issue to shareholders post the listing of the company. The last bonus issue was given in 2018 in the ratio of 1:10, meaning one new equity on every 10 existing equity shares. The first was on 21 October 2002 with a 1:1 ratio, offering one bonus share for every one held. The second bonus came on 16 September 2010 at a 2:5 ratio, giving shareholders two shares for every five held. Bonus Issue History – Karur Vysya Bank Ltd Ex-Date Bonus Ratio Record Date Remarks 21 Oct 2002 1:1 (1 share for every 1 held) 28 Oct 2002 First bonus issue recorded in this list 16 Sep 2010 2:5 (2 shares for every 5 held) 18 Sep 2010 Post consistent dividend years 14 Aug 2018 1:10 (1 share for every 10 held) 18 Aug 2018 After stock split in 2016 The last trading price of the stocks was Rs 268.15 apiece as of July 18, 2025. The stock's 52-week movement indicates a high of Rs 277.55 and a low of Rs 184.40 apiece. Karur Vysya Bank Share Price History Shares are in the rising trend over the past few months. They have gained 45 per cent in the last three months as per BSE analytics. Meanwhile, the returns on year-to-date for the stocks stood at 42 per cent. Over the past five years, the stocks are up 236 per cent, multiplying investors' wealth. Karur Vysya Bank Q4 Performance The private sector lender had reported a fourth-quarter net profit of Rs 513 crore, a 12.50% increase year-on-year. Its pre-provision operating profit rose by 17.60% to Rs 835 crore. For the year ended March 31, the bank achieved its highest ever annual profit of Rs 1,942 crore and its highest quarterly profit of Rs 513 crore, said Managing Director B Ramesh Babu. 'This strong performance was driven by our focus on growth, profitability, and asset quality," he added. The net interest margin for the quarter was 4.05%, compared to 4.20% in the same quarter of the previous year. Net interest income grew by 9.11% to Rs 1,089 crore. At the end of March, the bank's total advances increased by 13.5% year-on-year to Rs 84,491 crore, while the gross non-performing assets ratio decreased to 0.76%, down 64 basis points year-on-year. Total deposits rose by 14.6% to Rs 1.02 lakh crore. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Time of India
20-05-2025
- Business
- Time of India
Karur Vysya Bank Q4 Results: Net profit rises 12% YoY to Rs 513 crore; stock rises
Karur Vysya Bank gained 1.22% on BSE as investors reacted positively to its fourth quarter earnings. The Sensex meanwhile fell 1.03% Tuesday. The bank's scrip closed the day at Rs 228.20 against the previous close of Rs 225.45. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ein Hausrezept für eine saubere Leber und weniger Bauchfett (vor dem Schlafen) Gesund Entgiften Undo The private sector lender reported a 12.50% year-on-year rise in fourth quarter net profit at Rs 513 crore as compared with Rs 456 crore in the year-ago period Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The pre-provision operating profit stood 17.60% higher at Rs 835 crore, as compared to Rs 710 crore earlier. The bank has made the highest ever annual profit of Rs 1,942 crore for the year ended March 31 and highest quarterly profit of Rs 513 crore, managing director B Ramesh Babu said. "The strong performance was guided by our three key metrics: growth, profitability, and asset quality," he said. Live Events Its net interest margin for the quarter was at 4.05% as compared with 4.20% for the corresponding quarter of the previous year. Net interest income increased by 9.11% at Rs 1,089 crore. The bank's total advances rose 13/5% year-on-year to 84,491 crore at the end of March while gross non-performing assets ratio stood lower at 0.76%, down 64 basis points year-on-year. Total deposits grew 14.6% to Rs 1.02 lakh crore.
