The Jammu & Kashmir Bank Limited has informed the Exchange regarding a press release dated July 25, 2025, titled "PRESS RELEASE ON REVIEWED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2025".
J&KBANK · price
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Awaiting price reaction for this filing.
Jammu & Kashmir Bank reported a 16.7% year-on-year rise in net profit to Rs 484.84 crore for Q1 FY2026, up from Rs 415.49 crore a year ago. Net Interest Income grew 7% to Rs 1,465.43 crore, while other income jumped 29% to Rs 250.30 crore. Operating profit rose 13% to Rs 672.84 crore. However, profit was weighed down by a one-time Rs 87 crore impairment provision related to the amalgamation of Ellaquai Dehati Bank with J&K Grameen Bank; excluding this, profit growth would have been over 30% YoY. The MD & CEO cited the Pahalgam terror attack and repo rate cuts as headwinds to NIM, which fell to 3.72% from 3.86% in Q4 FY2025. Deposits grew 12% to Rs 1.49 lakh crore and net advances rose 6% to Rs 1.01 lakh crore.
Positive for shareholders — strong profit growth, improving asset quality with GNPA falling to 3.50% from 3.91%, and healthy capital adequacy at 15.98% signal operational strength. The one-time RRB provision and slight NIM compression are minor negatives, but management's confidence in growth momentum may support the stock.