Share price of The Jammu & Kashmir Bank Ltd., saw a downturn of 13.31% to trade at Rs 156.25 apiece at 3:11 p.m., after the bank saw its net profit fall more than 12% according to financial results for the first quarter of fiscal 2026-27.
The public sector undertaking saw its consolidated net profit rise 12.6% to Rs 424 crore, compared to Rs 485 crore in the year-ago period. Its net interest income saw a 2,2% uptick to Rs 1,407 crore on a year-on-year basis from Rs 1,465 crore. Gross non-performing assets (NPA) improved to 2,37%, compared to 2,50% in the previous quarter.
The net NPA saw a 060% improvement to 0.64% on a sequential basis. Its provisions rose to Rs 84 crore compared to Rs 15 crore on a year-on-year basis, and Rs 50 crore on a quarter-on-quarter basis.
J&K Bank Q1 FY27 Highlights
- Net profit down 12.6% to Rs. 424 crore versus Rs. 485 crore year-on-year.
- Net interest income up 2.2% to Rs. 1,497 crore versus Rs. 1,465 crore year-on-year.
- Gross NPA improved to 2.37% versus 2.50% quarter-on-quarter.
- Net NPA improved to 0.60% versus 0.64% quarter-on-quarter.
- Provisions rose to Rs. 84 crore versus Rs. 15 crore year-on-year and Rs. 50 crore quarter-on-quarter.
- Operating profit fell 22.8% quarter-on-quarter to Rs. 703 crore, but rose 4.5% versus Rs. 673 crore year-on-year.
J&K Bank Share Price Movement
Photo Credit: NDTV Profit
Share price of The Jammu & Kashmir Bank was trading at an uptick of 12.65% to Rs 154.88 at 3:25 p.m., compared to a 1.05% uptick of the NSE Nifty 50.
ALSO READ: Garden Reach Ship Builders Q1 Result: Net Profit Surges 44%, Revenue Tops Rs 1,800 Crore
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.