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Earnings Call Transcript

Jammu & Kashmir Bank Earnings Call Transcript: Key Takeaways

J&K Bank reached a 3 trillion business milestone with robust credit growth, though Q1 margins and profits were suppressed by opportunistic corporate lending and higher funding costs.

Guidance and delivery
Management target Revenue 18.0% FY27
Highlights
Revenue growthTotal business grew 20% YoY, crossing 3 trillion milestone.
MarginsNIM compressed to 3.28% from 3.98% due to low-yield corporate loans.
Demand visibilityStrong credit demand; 18-20% growth expected for full year.
Management confidenceBalanced, though defensive regarding Q1 margin compression and profit decline.

Growth

Credit grew 25.4% YoY led by corporate lending; deposits grew 16.7% YoY, surpassing system growth.

Outlook

Management targets 18-20% credit growth and 1.25% ROA for FY27.

Risks

Compression of NIM to 3.28% and CASA ratio drop to 42% due to bulk deposit reliance.

Source

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

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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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