Jammu and Kashmir Bank's Q3 FY 2025-26 Quarterly Results
- 2d ago
Result Summary
- Jammu and Kashmir Bank Ltd reported a 4.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 4.2%.
- Its expenses for the quarter were down by 0.4% QoQ and up 4.2% YoY.
- The net profit increased 17.5% QoQ and increased 10.0% YoY.
- The earnings per share (EPS) of Jammu and Kashmir Bank Ltd stood at 5.28 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 3596.86 | 3450.26 | 3451.71 | 4.2% | 4.2% |
Total Expenses | 2815.47 | 2826.51 | 2703.05 | -0.4% | 4.2% |
Provisions & contingencies | -25.81 | -10.93 | -9.80 | 136.1% | 163.4% |
Profit Before Tax | 807.20 | 634.68 | 758.46 | 27.2% | 6.4% |
Tax | 219.69 | 139.77 | 226.54 | 57.2% | -3.0% |
Profit After Tax | 581.49 | 494.92 | 528.60 | 17.5% | 10.0% |
Earnings Per Share | 5.28 | 4.49 | 4.80 | 17.6% | 10.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Jammu and Kashmir Bank Ltd is a prominent financial institution primarily engaged in providing banking and financial services. The bank operates within the banking industry, focusing on a range of services including retail banking, corporate banking, and treasury operations. As a bank with a significant presence in Northern India, it plays a crucial role in the economic landscape of the Jammu and Kashmir region. Recent developments in the bank's operations and strategic initiatives are not available within the data provided, which limits the ability to deliver a complete overview of current changes or expansions within the company.
Revenue
In the third quarter of fiscal year 2026, Jammu and Kashmir Bank Ltd reported a total income of ₹3596.86 crores. This marks a 4.2% increase compared to both the previous quarter (Q2FY26) and the same quarter last year (Q3FY25), where the total incomes were ₹3450.26 crores and ₹3451.71 crores, respectively. The consistent increase in total income over these periods highlights a positive trend in revenue generation for the bank. The bank's revenue growth demonstrates its ability to enhance its financial position on a quarterly and yearly basis.
Profitability
For Q3FY26, Jammu and Kashmir Bank Ltd achieved a profit before tax of ₹807.20 crores, which represents a notable 27.2% increase from the previous quarter's ₹634.68 crores and a 6.4% increase compared to the same quarter in the previous year. After accounting for taxes of ₹219.69 crores, the profit after tax stood at ₹581.49 crores, reflecting a 17.5% growth quarter-over-quarter and a 10.0% increase year-over-year. Additionally, the earnings per share for Q3FY26 was ₹5.28, marking a 17.6% improvement from the previous quarter and a 10.0% rise from Q3FY25. These figures illustrate the bank's enhanced profitability over the examined periods.
Operating Metrics
The total expenses for Jammu and Kashmir Bank Ltd in Q3FY26 were reported at ₹2815.47 crores, a slight decrease of 0.4% from the previous quarter's ₹2826.51 crores. However, there was a 4.2% increase in expenses compared to Q3FY25, where expenses were ₹2703.05 crores. Provisions and contingencies were recorded at -₹25.81 crores in Q3FY26, which shows a significant rise of 136.1% from the previous quarter and a 163.4% increase from the same quarter last year. These operating metrics reveal an upward trend in provisions and a slight reduction in quarterly expenses, indicating shifts in the bank's operational cost management and risk provisioning strategies.