| Revenue guidance | 10.0% → 14.0% Raised by 4.0 percentage points |
|---|---|
| Management target | Revenue 14.0% FY27 |
| Revenue growth | Total business up 19.4% YoY; advances grew 23.7%. |
|---|---|
| Margins | NIM compressed to 3.22%; expected to improve from Q3. |
| Demand visibility | Strong credit demand in RAM (Retail, Agri, MSME) sectors. |
| Management confidence | Balanced; optimistic on retail growth but cautious on ECL transition. |
Growth
Total business grew 19.4% YoY; advances up 23.7% with retail and RAM portfolio contributing 60% of incremental growth.
Outlook
Management raised credit growth guidance to 14%+ and targets 1.20%+ ROA for FY27.
Risks
CASA ratio pressure (41.97%), high SMA levels (5%), and potential ECL impact remain key concerns despite stable asset quality.
Last quarter's promises, checked
Delivered
- Credit growth guidance 12% → delivered 25.44% (= BEAT)
- Deposit growth guidance 10% → delivered 16.75% (= BEAT)
- GNPA target below 2.25% → delivered 2.37% (= MISS)
Partly delivered
- ROA target ~2026 levels (1.25%+) → delivered 0.90% annualized (= PARTIAL)
Missed
- NIM guidance ~3.5% → delivered 3.28% (= MISS)
- CASA target 45% → delivered 42.06% (= MISS)
Earnings Call Transcript filed with NSE, NSE: J&KBANK. Summary written with AI assistance from the document.
Jammu & Kashmir Bank Ltd: key numbers
- Share price
- ₹121.83
- Market cap
- ₹13,416 Cr
- Revenue (annual)
- ₹13,151 Cr
- Net profit (annual)
- ₹2,360 Cr
- P/E (TTM)
- 5.7×Sector 19.7×
- Promoter holding
- 59.40%+0.00% QoQ
- FII holding
- 11.62%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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