J&K Bank : PAT for FY25 grew 17.83%

 

  • J&K Bank : PAT for FY25 grew 17.83%


  • Achieves hattrick in historic profits Posts annual net profit of Rs 2082 Cr for FY 2024-25 with advances surpassing Rs 1 Lakh Cr
  • Asset Quality: Reinforcing its commitment to credit discipline and risk management, the Bank’s Gross NPA ratio declined sharply by 71 bps to 3.37% from 4.08% recorded a year ago, while the Net NPA ratio stood at 0.79%.
  • Business Growth: J&K Bank’s total deposits increased by 10.24% YoY to Rs 148569.46 Cr as on March 31, 2025, compared to Rs 134774.89 Cr last year. The Net Advances rose to Rs 104198.72 Cr, registering a growth of 11.13% from Rs 93762.51 Cr a year ago. 
  • Both deposits and advances grew by 5.4% and 8.6% QoQ respectively. 
  • The Bank’s CASA Ratio stood at 47.01%, maintaining a healthy share of low-cost deposits in the overall mix.
  • Performance Highlights: Beating consecutively its own highest record of profits achieved during the last two financial years, the Bank’s annual net profit surged to Rs 2082.46 Cr, while maintaining a strong and resilient balance sheet. 
  • In yet another historic performance, 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 highestever 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 declared its annual and Q4 results today after its Board of Directors approved the numbers at a meeting held here at the Bank’s Corporate Headquarters. 
  • 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. 
  • Performance Highlights: Beating consecutively its own highest record of profits achieved during the last two financial years, the Bank’s annual net profit surged to Rs 2082.46 Cr, while maintaining a strong and resilient balance sheet. 
  • With its other income crossing 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. 
  • Expressing satisfaction on the results, MD & CEO Amitava Chatterjee said, “We are delighted to present yet another record-breaking performance with our all-time high net profit of Rs 2082 Cr, while maintaining NIM at 3.92% despite industry wise pressure on margins owing to the rising cost of deposits. Achieving a hattrick of historic profits over the past three years is a reflection of the trust our customers place in us, the dedication of our staff, and the strategic direction laid out 

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