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Informist, Monday, Jul. 20, 2026

 

--Karur Vysya Bank Apr-Jun net profit INR 7.56 bln 
--Analysts saw Karur Vysya Bank Apr-Jun net profit INR 7.04 bln 

--Karur Vysya Bank Apr-Jun total income INR 34.91 bln 

--Karur Vysya Bank Apr-Jun net profit INR 7.56 bln vs INR 5.21 bln year ago 

--Karur Vysya Bk Apr-Jun total income INR 34.91 bln vs INR 30.16 bln yr ago 
--Karur Vysya Bank Apr-Jun provisions INR 902.9 mln vs INR 1.18 bln year ago 

--Karur Vysya Bank gross NPA ratio 0.74% on Jun 30 vs 0.75% qtr ago 

--Karur Vysya Bank net NPA ratio 0.19% on Jun 30, unchanged on qtr 

--Karur Vysya Bank Basel III capital adequacy ratio 18.61% on Jun 30 

--Karur Vysya Bank provision coverage ratio 96.21% on Jun 30 

 

By Vaishali Tyagi

 

NEW DELHI – Karur Vysya Bank reported a sharp year-on-year rise in net profit for the June quarter, driven by higher interest income and lower provisions. However, an increase in total expenditure, led by higher employee costs and other operating expenditure, capped the growth in the bottom line.

 

The private sector bank's net profit beat analysts' estimates in the June quarter, rising nearly 45% on year to INR 7.56 billion in Apr-Jun. This was the highest percentage growth in 11 quarters. Analysts had expected the bank to report a net profit of INR 7.04 billion in the reporting quarter.

 

For the quarter ended June, the lender reported interest income of INR 30.49 billion, up nearly 19% on year, which significantly contributed to total income. Sequentially, it grew over 5%.

However, a slight decline in other income weighed on total income and limited the rise in net profit in the June quarter. Other income of the bank in the June quarter was INR 4.42 billion, down over 1% on year and down sharply by over 28% on a quarterly basis. 

 

The bank reported total income of INR 34.91 billion, up nearly 16% on year. However, it fell marginally on quarter. 

 

The bank's provisions and contingencies significantly fell nearly 24% on year to INR 903 million from INR 1.18 billion reported in the corresponding quarter a year ago. It was down nearly 65% from the trailing quarter. The bank's provision coverage ratio was 96.21% and the Basel III capital adequacy ratio was 18.61% as of Jun. 30. 

 

The bank's asset quality was broadly unchanged from a quarter ago. The bank's gross non-performing asset ratio was 0.74% as of Jun. 30, compared with 0.75% a quarter ago. The net non-performing assets ratio was 0.19% as of Jun. 30, unchanged from a quarter ago.  

 

At 1508, the bank's shares traded at INR 300.60, down over 3% on the National Stock Exchange. The bank announced its June quarter results during market hours.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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