J&K Bank Q2 FY27 Net Profit Jumps 29% QoQ to ₹546 Crore
J&K Bank's Q2 FY27 net profit rose 29% sequentially to ₹546 crore. Total business grew 19.4% YoY to ₹3.10 lakh crore. GNPA improved to 2.23%. The bank plans to raise ₹1500 crore via equity and debt. Revised FY27 guidance includes 14%+ credit growth and GNPA below 2%.
The announcement details significant improvements in key financial metrics like profit, asset quality, and business growth, along with capital raising plans and revised future guidance, which are material information for investors.
The bank reported strong sequential and year-on-year growth in net profit, improved asset quality metrics (lower GNPA, higher PCR), and robust business momentum. The revised guidance also indicates positive future outlook.
The Jammu & Kashmir Bank Limited (J&K Bank) reported a significant increase in its financial performance for the second quarter and half-year ended September 30, 2026. The bank's total business grew by 19.4% year-on-year to ₹3.10 lakh crore as of September 30, 2026, with deposits and advances growing by 16.3% and 23.7% respectively.
Net profit for the quarter surged by almost 29% sequentially to ₹546 crore, also showing a double-digit year-on-year growth. This improved profitability was driven by a 19.4% YoY growth in total business, which reached ₹3.10 lakh crore. The bank's strategic focus on retail, agriculture, and MSME (RAM) loans has yielded positive results, with these segments contributing the entire net incremental growth during the quarter and over 60% on a year-to-date basis.
Operating profit for the quarter was ₹789 crore, a 27% YoY and 12% QoQ growth. The bank maintained its Cost to Income Ratio at 56.57%. While NIM compressed to 3.22% for the half-year, improvements in yield on advances and cost of deposits are expected to support NIM expansion from the third quarter onwards. The bank also reported a notable moderation in slippages, with an annualized gross slippage ratio of 0.4% for the half-year. Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) stood at 2.23% and 0.51% respectively, with the Provision Coverage Ratio (PCR) improving to 91.76%.
The bank is planning to raise ₹1000 crore in equity and ₹500 crore in debt capital at an opportune time to support future growth. Return on Assets (RoA) jumped to 1.07% and Return on Equity (RoE) to 13.68% for the quarter. The revised guidance for FY 2026-27 includes credit growth of 14%+, deposit growth of 12%+, CASA ratio of 42%+, NIM improvement, RoA of 1.20%, and GNPA below 2%. The audio recording and opening remarks of the conference call held on October 22, 2026, are available on the bank's investor relations website.
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The Jammu & Kashmir Bank Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.