SRINAGAR: JK Bank has announced financial results for the October-December quarter of the fiscal year 2025, with its net profit surging by Rs 110.43 crore year-on-year to reach Rs 531.51 crore, compared to Rs 421.08 crore during the same period last year.
With sustained growth across metrics, the Bank recorded a nine-month net profit of Rs 1,497.92 crore, reflecting a significant increase of Rs 369.32 crore compared to Rs 1,128.60 crore in the corresponding period of the previous year.
The Bank’s Net Interest Income (NII) for the quarter grew by 17.8 per cent year-on-year to Rs 1,508.68 crore and by 5.1 per cent quarter-on-quarter. For the nine months, NII saw a year-on-year rise of 10.7 per cent, reaching Rs 4,313.83 crore. Other income for the quarter surged by 32.9 per cent compared to last year.
MD and CEO Amitava Chatterjee commented on the results, “These Q3 results reaffirm our strong fundamentals and operational efficiency. A Rs 110.43 crore increase in quarterly net profit and a rise of Rs 369.32 crore for the nine months highlights our sustained focus on delivering value to stakeholders while navigating dynamic market conditions.”
He noted, “Our Cost-to-Income Ratio has reduced by over 5 per cent year-on-year, showcasing efficiency gains. I express my heartfelt gratitude to our employees for their dedication and to our customers and stakeholders, especially our promoters, for their unwavering trust and continued support.”
The Bank’s asset quality showed marked improvement, with its Gross NPA ratio declining to 4.08 per cent, down by 76 basis points from 4.84 per cent a year earlier. The Net NPA ratio stood at 0.94 per cent, and the Provision Coverage Ratio (PCR) for the quarter reached 89.67 per cent.
Speaking about the Bank’s asset quality, Chatterjee said, “Asset quality will remain our focus, with added emphasis to meet our market guidance of Gross NPA at 3.5 per cent comfortably by the end of the fiscal.”
JK Bank also witnessed significant business growth, with Net Advances rising by 7 per cent year-on-year to Rs 95,990.38 crore. Deposits grew by 9.7 per cent to Rs 1,40,947.14 crore, while the CASA ratio remained strong at 48.17 per cent.
Chatterjee remarked, “We are on track to achieve our annual profitability targets, supported by strong growth in business volumes, improving asset quality, and enhanced capital adequacy. This performance aligns with our strategic focus on expanding our presence across the country while maintaining leadership in our core markets.”
The Bank’s Capital Adequacy Ratio (CAR) under Basel III improved to 15.09 per cent, up from 14.18 per cent a year ago. Chatterjee highlighted, “Our CAR at over 15 per cent, bolstered by internal accruals, provides us ample headroom to expand our lending operations.”
He also noted a positive development in the Bank’s shareholding pattern, stating, “Despite heavy foreign portfolio investment outflows from the financial services sector in 2024, our foreign institutional investor shareholding increased to 7.07 per cent as of December 31, 2024, from 5.81 per cent a year ago.”
Looking ahead, Chatterjee emphasised the Bank’s commitment to scaling up growth while delivering superior value. “We aim to strengthen our focus on priority sector lending, particularly in agriculture and MSMEs, while exploring opportunities in emerging markets across the country. With a robust foundation and a clear strategic direction, we are well-positioned to sustain our growth momentum and deliver long-term value to stakeholders.”
The results underline JK Bank’s resilience and strategic focus, reinforcing its position as a leading financial institution in the region.
The Bank’s Board of Directors approved these numbers for the quarter and the nine months at a meeting held today at the Bank’s Zonal Office in Jammu.
(Based on a statement issue by the bank’s public relations)
