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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Q1 FY26 saw 15% YoY business growth, 14% YoY profit rise, and stable asset quality, with NIM at 3.86% and cost-to-income at 47.22%. Guidance for FY26 includes NIM of 3.7-3.75%, ROA of 1.55-1.65%, and a 1:5 bonus issue proposal.
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%. RAM segments drove growth, while corporate book was selectively reduced.
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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.