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Earnings Call

Jammu & Kashmir Bank Earnings Call: Key Takeaways

J&K Bank reports record profits while navigating a challenging deposit environment. Management is aggressively balancing aggressive 17.3% credit growth with a focus on retail CASA to protect margins.

Highlights
Revenue growthNet profit grew 18.7% QoQ; credit growth 17.3% YoY.
MarginsNIM improved to 3.62% despite industry-wide pressure on yields.
Demand visibilityStrong domestic demand, particularly in J&K infrastructure and retail.
Management confidenceConfident, focusing on 'double hat-trick' of record annual profits.

Growth

Credit grew 17.3% YoY, outperforming the system. Net profit rose 18.7% QoQ to ₹587 crore.

Outlook

FY26 targets: 12% credit growth, 10% deposit growth, and NIM of 3.65-3.70%.

Risks

CASA ratio declined to 44.1% due to sectoral shifts toward term deposits and mutual funds.

Source

Earnings Call filed with NSE, NSE: J&KBANK. Summary written with AI assistance from the document.

Read the document ↗

Jammu & Kashmir Bank Ltd: key numbers

Share price
₹146.10
Market cap
₹16,088 Cr
Revenue (annual)
₹13,151 Cr
Net profit (annual)
₹2,360 Cr
P/E (TTM)
7.0×Sector 22.0×
Promoter holding
59.40%+0.00% QoQ
FII holding
9.38%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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