Karur Vysya Bank Limited has informed the Exchange about Transcript
KARURVYSYA · price
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Karur Vysya Bank filed the transcript of its Q1 FY26 earnings call held on July 24, 2025. Total business grew 15% YoY to Rs. 1,96,024 crore, with advances up 6% QoQ to Rs. 89,374 crore led by RAM segments which now form 86% of the portfolio. Net profit rose 14% YoY to Rs. 521 crore and ROA came in at 1.73%, above the guided 1.55-1.65% range. Net Interest Margin (NIM) fell 19 basis points QoQ to 3.86% as a 75 bps rate cut was faster than expected, but full-year NIM guidance of 3.7-3.75% was retained. Asset quality strengthened with gross NPAs declining to 0.66% and net NPAs steady at 0.19%. The Board proposed a 1:5 bonus issue subject to shareholder approval. Management cautioned that Q2 may remain tough on margins with improvement visible only by end of Q3.
The bonus issue proposal and improving asset quality are supportive, but near-term margin pressure and a cautious Q2 outlook may keep the stock range-bound. Overall in-line numbers with maintained guidance suggest limited immediate catalyst.