Jammu & Kashmir Bank has reported an 8.47% drop in net profit for Q4 FY25, reaching Rs 584.54 crore, down from Rs 638.67 crore the previous year. Despite this dip, total income surged by 15.35% year on year to Rs 3,616.16 crore, with net interest income also increasing by 11.34%.
Key Points
- Net profit fell to Rs 584.54 crore for Q4 FY25 from Rs 638.67 crore in Q4 FY24.
- Total income rose to Rs 3,616.16 crore, marking a significant 15.35% increase.
- Net interest income grew by 11.34% to Rs 5,793.82 crore, with a net interest margin of 3.92%.
- Total deposits increased by 10.24% to Rs 1,48,569.46 crore, while net advances rose 11.13% to Rs 1,04,198.72 crore.
- The bank’s gross non-performing assets (NPAs) decreased to Rs 3,604.84 crore, reflecting improved asset quality.
Why should I read this?
If you’re keeping tabs on J&K Bank’s performance or the banking sector in general, this article is a must-read. It outlines the bank’s latest results and how they’re adapting amid fluctuating profits. This insight could help you understand broader industry implications and potential trends moving forward.