Audited Financial Results
Awaiting price reaction for this filing.
Jammu & Kashmir Bank reported strong FY25 results with standalone net profit rising about 18% to Rs 2,082.46 crore from Rs 1,767.27 crore in FY24. Q4 FY25 net profit grew around 10% to Rs 584.64 crore. Total income for the year increased to Rs 12,672.67 crore, with interest earned up nearly 12% to Rs 12,535.86 crore. The bank saw healthy balance sheet growth with total deposits at Rs 1.49 lakh crore and total advances at Rs 1.04 lakh crore. Asset quality improved, with gross NPA ratio falling to 3.37% from 4.08% earlier, while net NPA held steady at 0.79%. Capital adequacy under Basel III strengthened to 16.29%, RoA improved to 1.32%, and basic EPS rose to Rs 18.91. The joint auditors issued an unmodified (clean) opinion. Operating cash flow swung sharply positive to Rs 2,718 crore from a negative Rs 861 crore last year.
Strong profit growth, improved asset quality, expanded operating margin, and a big swing to positive operating cash flow are positive signals for shareholders. The government of J&K continues to hold 59.40% of the bank, maintaining its majority stake. Investors may view the results favorably, though the change in one of the joint statutory auditors (Lunawat & Co replaced by Dhar Tiku & Co) is worth noting.