India · Delayed Price · Currency is INR Jammu and Kashmir Bank Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw strong credit and deposit growth, improved asset quality, and robust profitability, with net profit up 18.7% QOQ. Asset quality metrics hit record lows, and management reaffirmed FY26 guidance while planning a flexible capital raise to support future growth.
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Sequential and YOY growth in deposits and advances tracked industry averages, with KASA ratio improving after nine quarters. Profitability was impacted by a one-off impairment, but asset quality and capital ratios remain strong, and guidance for FY26 is positive.
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Q1 FY26 net profit rose 16.7% year-over-year to INR 485 crores, with strong deposit growth and resilient asset quality despite a one-time impairment. NIMs compressed due to rate cuts, but guidance for FY26 remains robust, with credit growth targeted at 12% and GNPA below 3%.
Fiscal Year 2025
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Achieved record net profit of INR 2,082 crores for FY25, with strong growth in operating profit, deposits, and advances. Asset quality remains robust, digital transformation continues, and FY26 guidance targets 12% credit growth, 10% deposit growth, and NIM of 3.7%-3.8%.
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Reported record net profit of INR 2,082 crore for FY25, with strong growth in operating profit, deposits, and advances. Asset quality remains robust, digital transformation drives efficiency, and guidance for FY26 targets moderate growth with stable margins and asset quality.
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Q2 FY25 delivered strong profit growth, improved NIM, and robust asset quality, with retail and SME segments driving advances. Guidance for FY25 remains positive, with no major risks seen from local political changes and continued focus on operational transformation.
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Q1 FY25 saw strong growth in loans, deposits, and profitability, with asset quality at industry-best levels and robust digital progress. Guidance for FY25 remains unchanged, targeting 15% credit growth and stable margins.