Jammu and Kashmir Bank Ltd

Jammu & Kashmir Bank announced that the Board of Directors of the Company at its meeting held on 5 May 2025, inter alia, have recommended the final dividend of Rs 2.15 per equity Share (i.e. 215%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Jammu and Kashmir Bank declined 8.13% to Rs 581.91 crore in the quarter ended March 2025 as against Rs 633.44 crore during the previous quarter ended March 2024. Total Operating Income rose 10.41% to Rs 3213.39 crore in the quarter ended March 2025 as against Rs 2910.35 crore during the previous quarter ended March 2024. For the full year,net profit rose 17.53% to Rs 2081.79 crore in the year ended March 2025 as against Rs 1771.22 crore during the previous year ended March 2024. Total Operating Income rose 11.84% to Rs 12541.08 crore in the year ended March 2025 as against Rs 11213.20 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Total Operating Income3213.392910.35 10 12541.0811213.20 12 OPM %66.4675.78 -68.0467.41 - PBDT809.67830.41 -2 2938.682388.07 23 PBT809.67830.41 -2 2938.682388.07 23 NP581.91633.44 -8 2081.791771.22 18 Powered by Capital Market - Live

Jammu & Kashmir Bank will hold a meeting of the Board of Directors of the Company on 5 May 2025.Powered by Capital Market - Live

Spandana Sphoorty Financial Ltd, Blue Star Ltd, Alok Industries Ltd and Electronics Mart India Ltd are among the other losers in the BSE's 'A' group today, 23 April 2025.Jammu and Kashmir Bank Ltd tumbled 8.15% to Rs 104 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 12.78 lakh shares were traded on the counter so far as against the average daily volumes of 4.07 lakh shares in the past one month.Spandana Sphoorty Financial Ltd lost 6.45% to Rs 303.7. The stock was the second biggest loser in 'A' group.On the BSE, 1.68 lakh shares were traded on the counter so far as against the average daily volumes of 48766 shares in the past one month.Blue Star Ltd crashed 5.66% to Rs 1925. The stock was the third biggest loser in 'A' group.On the BSE, 34723 shares were traded on the counter so far as against the average daily volumes of 19740 shares in the past one month.Alok Industries Ltd corrected 5.17% to Rs 18.54. The stock was the fourth biggest loser in 'A' group.On the BSE, 39.54 lakh shares were traded on the counter so far as against the average daily volumes of 20.97 lakh shares in the past one month.Electronics Mart India Ltd shed 4.62% to Rs 146.45. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.27 lakh shares were traded on the counter so far as against the average daily volumes of 54409 shares in the past one month.Powered by Capital Market - Live

Total business stood at Rs 2,52,779.14 crore as of 31st March 2024, up 10.61%, compared with Rs 2,28,537.40 crore as of 31st March 2024. CASA deposits rose 2.60% YoY to Rs 69,843.55 crore as of 31st March 2025. CASA was at 47.01% as of 31st March 2025 as against 50.51% as of 31st March 2024. Total deposits increased 10.24% to Rs 1,48,569.50 crore as of 31st March 2025, compared with Rs 1,34,774.89 crore as of 31st March 2024. Gross investment jumped 16.05% to Rs 41,783.74 crore as of 31st March 2025, compared with Rs 36,003.84 crore as of 31st March 2024. J&K Bank offers banking services under the three major divisions of support services, depository services, and third-party services. The bank reported a 26.23% jump in net profit to Rs 531.51 crore on a 12.57% increase in total income to Rs 3,448.40 crore in Q3 FY25 over Q3 FY24. Shares of Jammu & Kashmir Bank fell 2.46% to Rs 96.19 on the BSE. Powered by Capital Market - Live

The bank's net interest income (NII) increased by 17.8% YoY to Rs 1,508.68 crore for the December quarter when compared to Rs 1,280.5 crore recorded last year. Operating profit grew by 35.89% YoY to Rs 748.11 crore for the December 2024 quarter. The bank's net interest margin (NIM) for the quarter has improved to 4.04%. Return on assets (RoA) increased by 19 basis points YoY to 1.34% for the quarter, while the cost-to-income ratio reduced for the quarter to 57.28% YoY from 62.36%. The bank recorded significant growth in business volumes, with net advances increasing by 7% YoY to Rs 95,990.38 crore. Deposits grew by 9.7% YoY to Rs 1,40,947.14 crore, while maintaining one of the best CASA ratios in the industry at 48.17%. The bank's gross non-performing assets (NPAs) stood at Rs 4,041.04 crore as on 31 December 2024, as against Rs 4,526.48 crore as on 31 December 2023 and Rs 3,916.26 crore as on 30 September 2024. The ratio of gross NPAs to gross advances stood at 4.08% as of 31 December 2024, as against 3.95% as of 30 September 2024 and 4.84% as of 31 December 2023. The ratio of net NPAs to net advances stood at 0.94% as of 31 December 2024, as against 0.85% as of 30 September 2024 and 0.83% as of 31 December 2023. Amitava Chatterjee, MD & CEO said, 'These Q3 results reaffirm our strong fundamentals and operational efficiency. A 26.2% YoY increase in quarterly net profit, along with a 32.7% rise for the nine-month period, highlights our sustained focus on delivering value to stakeholders while navigating dynamic market conditions. Driven by efficiency gains, our cost-to-income ratio has also reduced by over 5% YoY.' 'We are well-cushioned in terms of capital with our CAR at over 15%, which will be further boosted by internal accruals on account of net profit for current fiscal. It provides us an ample headroom for expanding our lending operations. Despite financial services sector witnessing heavy FPI outflow during 2024, there is an increase in FII/FPI shareholding to 7.07% as on 31st December, 2024 from 5.81% recorded a year ago,' he added. J&K Bank offers banking services under the three major divisions as support services, depository services, and third-party services. Shares of J&K Bank declined 2.14% to Rs 95.85 on the BSE. Powered by Capital Market - Live

Net profit of Jammu and Kashmir Bank rose 25.03% to Rs 528.60 crore in the quarter ended December 2024 as against Rs 422.77 crore during the previous quarter ended December 2023. Total Operating Income rose 11.40% to Rs 3209.67 crore in the quarter ended December 2024 as against Rs 2881.20 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income3209.672881.20 11 OPM %68.9768.56 - PBDT758.46560.86 35 PBT758.46560.86 35 NP528.60422.77 25 Powered by Capital Market - Live

Jammu & Kashmir Bank will hold a meeting of the Board of Directors of the Company on 20 January 2025.Powered by Capital Market - Live

Total business stood at Rs 2,36,987.48 crore as of 31st December 2024, up 8.56% as compared with Rs 2,18,294.83 crore as of 31st December 2023. CASA Deposits rose 4.39% YoY to Rs 67,888.01 crore as of 31st December 2024. CASA was at 48.17% as of 31st December 2024 as against 50.59% as of 31st December 2023. Gross advances increased 5.98% to Rs 99,134.05 crore as of 31st December 2024 as compared with Rs 93,538 crore as of 31st December 2023. Gross investment jumped 26.97% to Rs 41,394.29 crore as of 31st December 2024 as compared with Rs 32,602.59 crore as of 31st December 2023. Jammu & Kashmir Bank is a private sector scheduled commercial bank. The bank's standalone net profit jumped 44.6% to Rs 550.92 crore on 15.7% increase in total income to Rs 3,419.63 crore in Q2 FY25 over Q2 FY24. The scrip declined 3.13% to Rs 97.55 on the BSE.Powered by Capital Market - Live

Jammu and Kashmir Bank announced that Amitava Chatterjee (DIN: 07082989) has today i.e 30 December 2024 joined the Bank as Managing Director and Chief Executive Officer (MD & CEO). Powered by Capital Market - Live