J&KBANK · Financial Services
Jammu & Kashmir Bank Ltd. reported total income of ₹1,369 cr for July to September 2023, — on the year and +2.5% on the quarter.
Net profit was ₹97.0 cr, — on the year and +234.5% on the quarter, with earnings per share of ₹1.47.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Swing to loss or profit, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹1,369 cr | ₹1,378 cr | ₹1,574 cr | ₹1,933 cr | ₹1,955 cr | ₹2,151 cr | ₹2,095 cr | ₹2,261 cr | ₹2,340 cr | ₹2,429 cr | ₹2,499 cr | ₹2,570 cr |
| YoY | — | — | — | +45% | +43% | +56% | +33% | +17% | +20% | +13% | +19% | +14% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 19% | 23% | 7% | 24% | 19% | 35% | 30% | 25% | 20% | 37% | 26% | 32% |
| Net profit | ₹97.0 cr | ₹66.0 cr | ₹208 cr | ₹58.0 cr | ₹67.0 cr | ₹43.0 cr | ₹49.0 cr | ₹94.0 cr | ₹195 cr | ₹73.0 cr | ₹82.0 cr | ₹100 cr |
| YoY | — | — | — | +100% | −31% | −35% | −76% | +62% | +191% | +70% | +67% | +6% |
| EPS | ₹1.47 | ₹1.00 | ₹3.14 | ₹0.85 | ₹0.97 | ₹0.65 | ₹0.73 | ₹1.39 | ₹2.82 | ₹1.07 | ₹1.21 | ₹1.47 |
| Flags | · | 1 | 1 | · | · | · | · | · | · | · | · | · |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Jammu & Kashmir Bank Ltd. reported total income of ₹1,369 cr (— on the year) and net profit of ₹97.0 cr (— on the year) for July to September 2023.
None of the 1 checks that could run raised a question.
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