The Karnataka Bank Limited has informed the Exchange regarding unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2025
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Karnataka Bank reported Q1FY26 net profit of ₹292.40 crore (standalone), down about 27% from ₹400.33 crore in Q1FY25, mainly due to higher interest expenses and sharply higher provisions of ₹110.80 crore (vs ₹40.26 crore last year). Total income grew modestly to ₹2,619.64 crore from ₹2,557 crore, with other income rising strongly by ~28% to ₹358.36 crore. Asset quality improved, with Gross NPA falling to 3.46% (from 3.54%) and Net NPA to 1.44% (from 1.66%); Provision Coverage Ratio rose to 81.11%. Capital position strengthened sharply, with CRAR improving to 20.46% (from 17.64%). EPS stood at ₹7.74 (not annualized). The auditors issued an unmodified review opinion, but R.G.N. Price & Co. is a new joint statutory auditor this year, replacing Kalyaniwalla & Mistry LLP and Sundaram & Srinivasan.
Short-term: Profit decline and higher provisions may weigh on sentiment, but improving asset quality, stronger capital adequacy, and healthy other income provide support. The change in joint statutory auditors (mid-year rotation) is a routine regulatory event and not a red flag.