Earnings Review
J&K Bank PAT down YoY as other income falls, expenses rise
This story was originally published at 19:31 IST on 18 October 2025
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--J&K Bank Jul-Sept net profit INR 4.94 bln vs INR 5.51 bln year ago
--J&K Bank Jul-Sept total income INR 34.47 bln vs INR 34.20 bln yr ago
--J&K Bank gross NPA ratio 3.32% as on Sept 30 vs 3.50% qtr ago
--J&K Bank net NPA ratio 0.76% as on Sept 30 vs 0.82% qtr ago
--J&K Bank Basel III capital adequacy ratio 15.27% as on Sept 30
--J&K Bank Apr-Sept net profit INR 9.79 bln vs INR 9.66 bln year ago
--J&K Bank Apr-Sept total income INR 69.65 bln vs INR 66.08 bln yr ago
--J&K Bank reversed provisions worth INR 109.3 mln in Jul-Sept
--J&K Bank provision coverage ratio 90.39% as on Sept 30
By Janwee Prajapati
MUMBAI – Jammu & Kashmir Bank's net profit for the September quarter fell on account of an increase in total expenses and drop in other income. The bank's net profit for the quarter fell 10.3% on year to INR 4.94 billion. Sequentially, the bank's net profit was up 2.1%.
The bank's other income fell 48% on year to INR 1.55 billion. However, interest income grew 5.4% on year to INR 32.92 billion. The lender's total income for the quarter was INR 34.47 billion, up 0.7% on year.
Provisions for bad loans fell to INR 39.6 million in Jul-Sept, down a whopping 88% on quarter. This prevented the profit from falling further. The bank reported a provision reversal of INR 109.3 million in the September quarter.
The bank's net interest margin was 3.56%, down from 3.72% a quarter ago and 3.90% from a year ago. The bank's net interest income remained broadly unchanged from a year ago at INR 14.34 billion. It fell 2.1% sequentially.
The bank's asset quality improved slightly in the September quarter. The gross non-performing asset ratio was 3.32% as on Sept. 30, down from 3.50% a quarter ago. The net non-performing asset ratio was 0.76% as on Sept. 30, down from 0.82% as on Jun. 30. The bank's provision coverage ratio was 90.39% and the Basel-II capital adequacy ratio was 15.27% as on Sept. 30.
Total deposits of the bank increased 10% on year to INR 1.52 trillion as on Sept. 30, while net advances grew 9.4% on year to INR 1.05 trillion. The bank's current account savings account deposit ratio stood at 45.89% as on Sept. 30.
Net investments of the bank were up nearly 15% on year to INR 445.02 billion. The gross slippages ratio was 0.89%, down from 1.01% in the previous quarter. On Friday, shares of Jammu & Kashmir Bank closed over 2% lower at INR 104.65 on the National Stock Exchange. End
Edited by Ashish Shirke
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