Karur Vysya Bank shares soar 11% after stellar Q1 results. What investors should know

Karur Vysya Bank shares surged 11 percent after a strong Q1 performance. Pre-provision operating profit rose 36.15 percent YoY to Rs 1,096 crore, while net interest income jumped 31.76 percent YoY to Rs 1,423 crore. Net interest margin improved to 4.34 percent from 3.86 percent, cost-to-income ratio fell to 41.24 percent from 47.24 percent, and total business grew 15.94 percent YoY to Rs 2.27 lakh crore, though gross NPAs edged up slightly to 0.74 percent.