Now Reading: J&K Bank Q2 profit rises 10.5% to ₹546 crore, asset quality best in decade
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J&K Bank Q2 profit rises 10.5% to ₹546 crore, asset quality best in decade
J&K Bank Q2 profit rises 10.5% to ₹546 crore, asset quality best in decade
The Story in Brief
Jammu & Kashmir Bank reported a 10.5% year-on-year rise in net profit to ₹546 crore for the September quarter of FY27, compared with ₹494.11 crore a year earlier. Net interest income grew 4.7% to ₹1,502 crore, while operating profit jumped 26.7% to ₹789 crore, driven by a doubling of other income.
Asset quality improved to its best level in a decade, with gross NPAs declining to 2.23% as of 30 September from 2.37% in the previous quarter. Net NPAs fell to 0.51% from 0.60%, and the provision coverage ratio rose to 91.76%, also a decade high. Return on assets improved 20 basis points sequentially to 1.07%, moving above the 1% mark.
CEO Amitava Chatterjee said the quarter's stronger earnings performance, including the recovery in RoA above 1%, marked encouraging progress. Shares of the bank traded at ₹136.35 on the BSE, up 0.52%, after hitting an intraday high of ₹142.
Indian Opinion Analysis
cnbctv18.com reports a 10.5% YoY net profit rise to ₹546 crore for the September quarter, flagging a decade-best asset quality with GNPA at 2.23%. TradingView gives only a one-line figure of ₹5.46 billion (₹546 crore), consistent with that profit number. scanx.trade, covering the bank's FY26 annual results and AGM, does not report the Q2 figure at all, focusing instead on the ₹2,363.47 crore FY26 profit and capital-raising plans. The two newer sources agree on the Q2 net profit and share-price reaction, differing only in depth. scanx.trade provides no Q2 data to compare, making the coverage lopsided rather than contradictory. The key concrete item now is the bank's FY27 half-yearly related-party transaction disclosure of ₹82.51 crore, which no source explicitly links to these earnings.
Coverage: 3 sources, 3 neutral
Sources (3): scanx.trade (neutral report), tradingview.com (neutral report), cnbctv18.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
