India · Delayed Price · Currency is INR The Karur Vysya Bank Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw robust growth with net profit up 29% and record-low NPAs, supported by strong advances and deposit growth. Guidance for FY 2027 is cautious, with NIM expected at 3.75%-3.8% and credit growth 1-2% above industry, amid ongoing geopolitical and competitive pressures.
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Q3 saw robust growth in advances and deposits, with net profit up 25% YoY and NIM expanding to 3.99%. Asset quality remains strong, with low NPAs and slippages, while guidance for FY26 includes NIM of 3.9%-3.95% and ROA above 1.85%.
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Business grew 15% YoY with strong advances and deposit growth, NIM at 3.77%, and net profit up 17% YoY. Asset quality remains robust despite one-off corporate slippages, and guidance for credit growth, NIM, and NPAs is maintained for FY26.
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Business grew 15% YoY with strong advances and deposit growth, while NIM and ROA remained above guidance despite margin pressures. Asset quality stayed robust, with GNPA at 0.66% and net NPA at 0.19%. Board proposed a 1:5 bonus issue.
Fiscal Year 2025
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Business grew 14% year-over-year, led by strong RAM segment growth and improved asset quality. NIM remained above 4%, with ROA at 1.72% for the year. Outlook is cautiously optimistic, with focus on margins, asset quality, and branch expansion.
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Strong Q3 performance with 14% year-over-year loan growth, NIM at 4.03%, and ROA at 1.74%. Asset quality improved, with gross NPA at 0.83% and net NPA at 0.2%. Guidance for Q4 remains robust, with continued focus on growth, profitability, and asset quality.
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Strong Q2 FY25 performance with 4% business growth, NIM at 4.11%, and ROA at 1.72%. Asset quality improved, with gross NPA at 1.1% and net NPA at 0.28%. Focus remains on RAM segment growth, prudent risk management, and expanding branch network.
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Strong Q1 performance with 4% growth in advances and deposits, NIM at 4.13%, and ROA at 1.7%. Asset quality improved, with gross NPA at 1.32% and net NPA at 0.38%. Focus remains on deposit growth, asset quality, and capital strength.