Karur Vysya Bank Ltd. saw a 36% uptick in its operating profit for the first quarter of fiscal 2026-27, according to an exchange filing from the company on Monday.
The private sector bank saw an operating profit of Rs 1,096 crore on a year-on-year basis in comparison to the previous financial year's Rs 806 crore.
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The firm's gross non-performing assets (NPA) decreased sequentially to 0.74% from 0.75%. The Net NPA was flat at 0.19% on a quarter-on-quarter basis.
Its net interest income increased to 32% at Rs 1,432 crore, compared to the year ago period's Rs 1,079 crore.
The bank's net profit saw a 44.9% increase to Rs 756 crore compared to Rs 521 crore in the prior financial year.
The provisions were down to Rs 90.3 crore compared to the previous quarter's Rs 258 crore. Its net interest margin increased to 4.26% sequentially from 4.25% in the preceding quarter, compared to 3.86% in the previous fiscal.
Karur Vysya Bank Stock Price Movement
Share price of Karur Vysya Bank Ltd. saw a 2.84% downturn to trade at Rs 301 at the end of the day's trade, compared to a 0.39% downturn of the NSE Nifty 50.
The stock opened at Rs 311.30, compared to its previous close of Rs 309.80. During today's trading session, Karur Vysya Bank Ltd. share price moved in the range of Rs 296.15 to Rs 312.50.
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Looking at its last 52-week performance, the stock has touched a low of Rs 201.82 and a high of Rs 343.45. On the performance front, Karur Vysya Bank Ltd. share price is up 12.96% on a year-on-year basis.
The market capitalization of Karur Vysya Bank Ltd. is Rs 20,973.66 crore, with a P/E ratio of 12.57.
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