J&K Bank Achieves Hat-trick of Historic Profits with Annual Net Profit of Rs 2082 Cr for FY 2024-25

J&K Bank has posted its highest-ever annual net profit of Rs 2082.46 Cr for the financial year 2024-25, marking a hattrick of highest-ever profits since FY 2022-23. The Bank registered a year-on-year growth of over 17.83% compared to Rs 1767.27 Cr reported for FY 2023-24. The Bank’s net profit for Q4FY24-25 stood at Rs 584.54 Cr, up 10% QoQ from Rs 531.51 Cr recorded during the previous quarter of the FY 2024-25. The Bank’s other income crossed Rs 1000 Cr mark at Rs 1136.81 Cr and up YoY by 37.7%. The Bank’s Net Interest Income (NII) grew 11.34 % YoY to Rs 5793.82 Cr while the net interest margin (NIM) stood at 3.92%. The Bank’s operating profit also rose 28.7% and stood at Rs 2929.79 Cr. During the quarter, the Bank’s Return on Assets (RoA) reached healthy levels to 1.44% QoQ as against 1.34% recorded during the September-December quarter of current financial year.