Karnataka Bank Q1 FY27 Net Profit Surges 43% to ₹418.95 Cr; Business Crosses ₹1.97 Lakh Cr
Karnataka Bank reported a record Q1 FY27 net profit of ₹418.95 Cr, up 43% YoY. Aggregate business hit ₹1.97 lakh Cr. Gross Advances rose 17% to ₹86,610.21 Cr, and Deposits grew 7% to ₹1,10,396.41 Cr. NIM improved to 3.20%. GNPA reduced to 2.58%.
The announcement details record-breaking financial performance, including substantial profit growth and all-time high aggregate business, which is highly material for investors and stakeholders.
The bank reported record-breaking profits, significant year-on-year growth in key financial metrics like net profit and advances, and improvements in asset quality, indicating a strong positive performance.
Karnataka Bank has announced its financial results for the quarter ended June 30, 2026, reporting a record-breaking quarterly net profit of ₹418.95 crores. This represents a significant year-on-year improvement of 43% from ₹292.40 crores in the same quarter last year.
The bank's aggregate business also reached an all-time high of ₹1,97,006.62 crores. Gross Advances grew by 17% year-on-year to ₹86,610.21 crores, while Total Deposits increased by 7% to ₹1,10,396.41 crores.
The Net Interest Margin (NIM) improved by 38 basis points to 3.20% for the quarter ended June 30, 2026, compared to 2.82% for the quarter ended June 30, 2025. The Return on Assets (ROA) also saw an improvement, rising to 1.29% from 0.97% year-on-year.
Asset quality demonstrated significant improvement, with Gross Non-Performing Assets (GNPA) decreasing by 88 basis points to 2.58% and Net Non-Performing Assets (NNPA) improving by 57 basis points to 0.87% compared to June 2025. The Provision Coverage Ratio (PCR), excluding Two, improved to 67.03% from 59.18%.
Shri Raghavendra S. Bhat, Managing Director & CEO, expressed confidence in the bank's sustainable growth and prudent financial management. Smt. Biji S. S., Executive Director, highlighted the bank's digital transformation journey and focus on customer-centric solutions and operational excellence.
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The Karnataka 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 Karnataka Bank Limited. Read the original for the full detail.