J&K Bank Net Profit jumps over 10% YoY for Q3, Characterized by robust top-line growth and better asset quality

J&K Bank announced healthy financial results for the October-December quarter (Q3 FY 25-26), with net profit rising by 18.7% Quarter-on-Quarter and 10.4% year-on-year (YoY) to Rs 586.73 Cr. The Bank’s net profit for the first nine months of current financial year grew 4.5% YoY to Rs 1565.68 Cr. The Bank’s operating metrics reflected steady growth, as the Net Interest Income (NII) witnessed 3.8% growth QoQ to Rs 1488.88 Cr, while the Other Income for the quarter surged 15.3% YoY to Rs 279.46 Cr. The Bank’s Cost of Deposits also declined to 4.69% QoQ from 4.86%. The Bank’s Gross NPA ratio declined YoY to 3.00%, while as the Net NPA reduced by 26 bps YoY to 0.68% from 0.94% and 8 bps QoQ from 0.76%. The Bank recorded a robust YoY growth of 17.3% in gross advances and a healthy YoY growth of 10.6% in deposits.