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Informist, Monday, Jul. 20, 2026

 

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--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 
--Karur Vysya Bank Apr-Jun cost of deposits at 5.45% vs 5.41% qtr ago 
--Karur Vysya Bank Apr-Jun net interest margn at 4.26% vs 4.25% qtr ago 
--Karur Vysya Bank Apr-Jun yield on advances at 10.01% vs 9.93% qtr ago 
--Karur Vysya Bank Apr-Jun cost of funds at 5.45% vs 5.38% qtr ago 
--Karur Vysya Bank Q1 net interest income at INR 14.23 bln, up 5% on qtr 
--Karur Vysya Bank Q1 net interest margin at 4.26% vs 4.25% qtr ago

 

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 fell nearly 24% on year to INR 903 million from INR 1.18 billion 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 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.  

 

The lender's net interest income rose to INR 14.23 billion, up 32% on year and 5% on quarter. The bank's net interest margin expanded marginally to 4.26% in Apr-Jun from 4.25% reported in trailing quarter. The bank's yield on advances grew to 10.01% in the June quarter from 9.93% in quarter ended March. 

 

The bank's rising cost of funds weighed on the bottom line. It increased to 5.45% in the June quarter from 5.38% in the previous quarter, though it remained lower than 5.78% reported a year ago. Cost of deposits also rose to 5.45% at the end of June, up from 5.41% a quarter ago.

 

On the business front, gross advances grew 17% year-on-year and 6% sequentially to INR 1.05 trillion. The bnak's deposits rose 15% on year to INR 1.23 trillion, with sequential growth same as gross advances at 6%. In total advances, the retail, agriculture, and micro, small, and medium enterprises, or RAM, segment grew faster than overall advances at 18% on year to INR 903.24 billion. 

 

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

 

Edited by Avishek Dutta and Akul Nishant Akhoury

 

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