Karur Vysya Bank Q2 FY27 Net Profit Jumps 37% to ₹788 Crore
Karur Vysya Bank reported a 37.28% YOY increase in net profit for Q2 FY27, reaching ₹788 crore. Total business grew 17.96% YOY to ₹2,39,712 crore. Advances and deposits saw YOY growth of 20.35% and 15.96% respectively. NIM improved to 4.34%. GNPA stood at 0.69%.
Significant growth in key financial metrics like net profit, total business, and advances, along with a strong NIM and asset quality, is expected to have a high positive impact on investor sentiment and the bank's valuation.
The bank reported strong year-on-year growth in net profit, total business, advances, and deposits, along with an improved Net Interest Margin and stable asset quality, indicating positive financial performance.
Karur Vysya Bank Limited announced its financial results for the quarter ended September 30, 2026, reporting a significant year-on-year (YOY) growth in key performance indicators.
The bank's total business increased by 17.96% YOY to ₹2,39,712 crore, with deposits growing by 15.96% YOY to ₹1,28,123 crore and advances growing by 20.35% YOY to ₹1,11,589 crore.
Net profit for the quarter surged by 37.28% YOY to ₹788 crore, compared to ₹574 crore in the corresponding quarter of the previous year. Profit Before Provision and Contingencies (PPOP) rose by 14.26% YOY to ₹1,162 crore.
Net interest income for the quarter increased by 18.72% YOY to ₹1,497 crore, and the Net Interest Margin (NIM) stood at 4.34%, up from 4.24% in the previous year's quarter. Commission and fee-based income improved by 14.62% YOY to ₹290 crore.
The bank's asset quality remained strong, with Gross Non-Performing Assets (GNPA) at 0.69% and Net Non-Performing Assets (NNPA) at 0.18% as of September 30, 2026. The Capital Adequacy Ratio (CRAR) was 17.97%, well above the regulatory requirement.
Mr. Ramesh Babu B, Managing Director & CEO, expressed satisfaction with the results, stating that key performance indicators are in line with guidance. He highlighted balanced and broad-based business growth, sustained performance across priorities, and the bank's resilience.
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