The Karnataka Bank Limited has informed the Exchange about Transcript of Q1FY26 Earnings Audio Conference Call
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Karnataka Bank filed the transcript of its Q1 FY26 earnings call held on August 13, 2025. New MD & CEO Raghavendra S. Bhat, recently back at the helm for a second stint, outlined strategy focusing on retail, agri and MSME (RAM) growth. Profit after tax for Q1 FY26 was Rs. 292.40 crores, up 15.8% quarter-on-quarter but down from Rs. 400.33 crores a year ago (which had an Rs. 81.32 cr tax refund). Net interest margin fell to 2.82% from 3.54% a year ago, hurt by repo rate cuts (70% of loans are on external benchmark). Gross advances slipped 1.6% YoY to Rs. 74,267 crores, while deposits grew 3.16% to Rs. 1,03,242 crores with CASA improving to 30.84%. Gross NPA rose to 3.46% from 3.08% in March, and net NPA to 1.44% from 1.31%. CRAR strengthened to 20.46% and cost-to-income improved to 58.05% from 68.98% the prior quarter.
Management guided for NIM to improve by around 10 bps by year-end and return to ~3%, with retail advances targeted to grow from Rs. 44,029 cr to Rs. 51,000 cr and gross advances to Rs. 86,000–89,000 cr by March 2026. ROA is expected at 1.1–1.2% for FY26, but near-term pressure on margins and a slight uptick in NPAs remain key watchpoints for shareholders.