J&K Bank Q2 FY27: Net Profit ₹546 Crore, Total Business ₹3.10 Lakh Crore
J&K Bank reported Q2 FY27 net profit of ₹546 crore, up 29% sequentially. Total business reached ₹3.10 lakh crore, with advances up 23.7% and deposits up 16.3%. GNPA improved to 2.23% and NNPA to 0.51%. The bank plans to raise ₹1,000 crore equity and ₹500 crore debt. FY27 guidance includes 14%+ credit growth and 1.20% ROA.
The announcement details significant financial performance improvements, strategic capital raising plans, and revised forward-looking guidance, all of which are material to investors and stakeholders, indicating a high impact on the company's valuation and future prospects.
The bank reported strong sequential profit growth, improved asset quality metrics, healthy business growth, and revised its guidance upwards for key financial parameters. The planned capital raise also indicates a positive outlook for future growth.
The Jammu & Kashmir Bank Limited (J&K Bank) reported a net profit of ₹546 crore for the quarter ended September 30, 2026, representing a sequential increase of nearly 29% and a double-digit year-on-year growth. Total business grew by 19.4% year-on-year to ₹3.10 lakh crore as of September 30, 2026. Deposits grew by 16.3% and advances by 23.7% year-on-year.
The bank's strategic focus on retail and agricultural advances showed progress, with sequential growth of 7.62% in Agricultural Advances and 3.90% in Retail Advances. Auto loans saw a year-on-year growth of over 25%, and housing loans in the Rest of India division also grew at a healthy pace.
Operating profit for the quarter was ₹789 crore, a 27% year-on-year growth. The Cost-to-Income Ratio moderated to 56.57%. Net Interest Margin (NIM) was recorded at 3.22% for the half-year, with expectations of improvement due to expected yield increases and moderation in the cost of deposits.
Asset quality continued to improve, with Gross Non-Performing Assets (GNPA) at 2.23% and Net Non-Performing Assets (NNPA) at 0.51% as of September 30, 2026. The Provision Coverage Ratio (PCR) improved to 91.76%.
The bank plans to raise ₹1,000 crore in equity and ₹500 crore in debt. The debt raise is expected this quarter, while the equity raise will be timed for a conducive market environment.
Revised guidance for FY 2026-27 includes credit growth of 14% plus, deposit growth of 12% plus, CASA ratio above 42%, ROA around 1.20%, and GNPA below 2%.
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See the model portfoliosA plain-language summary of a public exchange filing by The Jammu & Kashmir Bank Limited. Read the original for the full detail.