Jammu & Kashmir Bank Q2 Results: Net profit rises over 10% YoY to Rs 546 crore, NII jumps 5%
Jammu & Kashmir Bank reported a 10.6% year-on-year rise in Q2 net profit to Rs 546.4 crore. Operating profit increased 26.7%, while asset quality improved, with gross NPA falling to 2.23%. Advances grew 23.7% to Rs 1.34 lakh crore, and deposits rose 16.3% to Rs 1.77 lakh crore.
Kolkata: Jammu & Kashmir Bank on Thursday reported a 10.6% rise in net profit for the second quarter at Rs 546.4 crore against Rs 494.1 crore in the year-ago period.Pre-provision operating profit for the quarter stood 26.7% higher at Rs 789.1 crore against Rs 622.6 crore, backed by growth in earnings.The rise in net profit was restricted to barely double digit due to a Rs 72.3 crore provision in period under review against a Rs 10.9 crore write back last time.
