The Jammu & Kashmir Bank Limited has informed the Exchange about Transcript

Jammu & Kashmir Bank reported record FY26 net profit of INR 2,363 crores, marking the fourth consecutive year of record profitability, with Q4 net profit of ~INR 800 crores (36% Q-on-Q growth). Business grew 13.6% with deposits up 11.3% and advances up 16.8%. NIM came in at 3.60%, slightly missing guidance due to RBI rate cuts, while CASA ratio improved to 45.65%. RoA and RoE stood at 1.37% and 16.85% respectively. Asset quality remained strong with GNPA at 2.50% and NNPA at 0.64%, while credit cost guidance is 0.1-0.2%. The bank plans to raise INR 1,250 crores capital in FY27 ahead of ECL implementation from April 2027, estimated to cost ~INR 1,600-1,700 crores over five years. Employee costs are declining due to NPS shift and retirements, expected to stay below INR 2,500 crores annually. For FY27, management gave conservative guidance: 12% credit growth, 10% deposit growth, 3.5% NIM, and Gross NPA below 2.25%. The bank aspires to reach INR 5 lakh crores business in three years.