The Karur Vysya Bank Limited (NSE: KARURVYSYA)

The Karur Vysya Bank Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	88,424	82,039	65,165	55,877	54,704	59,900
Interest Paid on Deposits	49,114	43,947	31,677	28,723	31,109	36,420
Net Interest Income	40,811	38,092	33,488	27,154	23,595	23,479
Net Interest Income Growth (YoY)	13.55%	13.75%	23.33%	15.08%	0.49%	-0.63%
Gain (Loss) on Sale of Assets	78.31	78.31	10.36	11.03	2.23	-124.57
Gain (Loss) on Sale of Investments	2,944	2,944	291.51	-501.75	2,169	3,400
Other Non-Interest Income	15,448	13,565	11,287	8,181	7,017	8,271
Total Non-Interest Income	18,470	16,587	11,589	7,691	9,188	11,546
Non-Interest Income Growth (YoY)	32.84%	43.12%	50.70%	-16.30%	-20.42%	19.93%
Revenues Before Loan Losses	59,280	54,679	45,077	34,844	32,783	35,026
Provision for Loan Losses	7,558	7,288	10,390	6,992	7,571	14,887
Revenue	51,723	47,391	34,688	27,853	25,212	20,139
Revenue Growth (YoY)	27.98%	36.62%	24.54%	10.47%	25.19%	3.97%
Salaries and Employee Benefits	15,015	14,576	10,043	9,445	11,536	8,564
Occupancy Expenses	4,260	4,260	3,938	3,732	3,666	3,658
Selling, General & Administrative	569.43	569.43	580.47	594.02	515.58	678.01
Other Non-Interest Expense	8,352	6,947	5,741	4,766	4,150	4,515
Total Non-Interest Expense	28,232	26,388	20,320	18,542	19,868	17,417
EBT Excluding Unusual Items	23,491	21,003	14,368	9,311	5,344	2,722
Other Unusual Items	-1.3	-1.3	0.4	-1.4	-	-
Pretax Income	23,490	21,002	14,369	9,309	5,344	2,722
Income Tax Expense	5,490	4,954	3,308	2,577	1,750	371.6
Net Income	18,000	16,048	11,061	6,733	3,594	2,350
Net Income to Common	18,000	16,048	11,061	6,733	3,594	2,350
Net Income Growth	31.94%	45.09%	64.29%	87.34%	52.92%	11.46%
Basic Shares Outstanding	804	803	801	799	799	799
Diluted Shares Outstanding	804	804	803	800	799	799
Shares Change (YoY)	-0.01%	0.10%	0.32%	0.13%	0.00%	0.00%
EPS (Basic)	22.39	19.99	13.81	8.42	4.50	2.94
EPS (Diluted)	22.39	19.97	13.78	8.41	4.50	2.94
EPS Growth	31.92%	44.92%	63.85%	87.05%	52.93%	11.44%
Dividend Per Share	2.400	2.400	2.000	1.600	0.500	-
Dividend Growth	20.00%	20.00%	25.00%	220.00%	-	-
Effective Tax Rate	23.37%	23.59%	23.02%	27.68%	32.75%	13.65%

Source: S&P Capital IQ. Banks template. Financial Sources.