India · Delayed Price · Currency is INR Jammu and Kashmir Bank Earnings Call Transcripts
Fiscal Year 2026
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Record FY 2026 net profit of INR 2,363 crore and Q4 profit of INR 800 crore were achieved amid challenging conditions, with strong growth in advances and improved asset quality. Conservative FY 2027 guidance reflects macro uncertainties, but management expects to outperform.
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Q3 FY26 saw strong credit and deposit growth, improved profitability, and asset quality, with GNPA at 3% and NIM at 3.62%. Capital raising is planned to support future growth, while guidance for FY26 remains robust despite margin pressures and industry-wide CASA challenges.
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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 FY 2025, with strong growth in operating profit, deposits, and advances. Asset quality remains robust, digital transformation drives efficiency, and guidance for FY 2026 targets 12% credit growth and stable margins.
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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 delivered strong growth in deposits, advances, and profitability, with asset quality at industry-best levels and robust expansion outside J&K. Guidance for FY25 is maintained, with continued focus on digital transformation and prudent risk management.