Highlights
- Revenue over the Year and quarter: The company experienced a substantial growth of 15.84 % in the past year, substantial increase in revenue by 1.01 %.
- Profit over the Year and quarter: Significant improvement in profitability for Jammu and Kashmir Bank Ltd.. Notable increase of 34.21 % in net profit Year to Year, Jammu and Kashmir Bank Ltd.’s profitability increased by 51.69 % in this quarter.
- EPS over the Year and quarter: EPS increased by 18.07 % Year to Year. EPS increased by 41.98 % in previous quarter. Positive impact on shareholders.
- Gross NPA % over the Year and quarter: Gross NPA decreased by -15.7 % this quarter. Leading to a -32.45 % reduction over the past year.
- Net NPA % over the Year and quarter: Net NPA decreased by -4.82 % this quarter. Contributing to an overall annual reduction of -51.23 %.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 2512.3 Cr | Rs. 2881.2 Cr | Rs. 2910.35 Cr | + 1.01 % | + 15.84 % |
Interest | Rs. 1262.4 Cr | Rs. 1600.29 Cr | Rs. 1603.86 Cr | + 0.22 % | + 27.05 % |
Expenses | Rs. 792.91 Cr | Rs. 905.82 Cr | Rs. 704.77 Cr | -22.2 % | -11.12 % |
Financing Profit | Rs. 456.99 Cr | Rs. 375.09 Cr | Rs. 601.72 Cr | + 60.42 % | + 31.67 % |
Financing Margin % | 18.19 % | 13.02 % | 20.68 % | + 7.66 % | + 2.49 % |
Other Income | Rs. 168.38 Cr | Rs. 185.77 Cr | Rs. 228.69 Cr | + 23.1 % | + 35.82 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 625.37 Cr | Rs. 560.86 Cr | Rs. 830.41 Cr | + 48.06 % | + 32.79 % |
Tax % | 23.77 % | 24.8 % | 22.95 % | -1.85 % | -0.82 % |
Net Profit | Rs. 476.73 Cr | Rs. 421.79 Cr | Rs. 639.8 Cr | + 51.69 % | + 34.21 % |
EPS in Rs | Rs. 4.87 | Rs. 4.05 | Rs. 5.75 | + 41.98 % | + 18.07 % |
Gross NPA % | 6.04 % | 4.84 % | 4.08 % | -0.76 % | -1.96 % |
Net NPA % | 1.62 % | 0.83 % | 0.79 % | -0.04 % | -0.83 % |
Today, we’re looking at Jammu and Kashmir Bank Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 15.84 %. However, it did see a marginal increase of 1.01 % from the previous quarter. Interest expenses surged remarkably by 0.22 % from the previous quarter, yet the year-over-year increase remains at a moderate 27.05 %. Expenses decreased slightly by -22.2 % quarter-on-quarter, aligning with the annual decline of -11.12 %.
Financing profit, while up 31.67 % compared to last year, faced a quarter-on-quarter increase of 60.42 %, signaling a short-term expansion in margins. The Financing Margin % echoes this narrative, showing resilience on an annual basis with an increase of 2.49 %, but an expansion of 7.66 % sequentially. Other income rose by 23.1 % compared to the last quarter, despite an annual growth of 35.82 %. Profit before tax grew annually by 32.79 % but saw an increase from the preceding quarter by 48.06 %. Tax expenses as a percentage of profits decreased slightly by -0.82 % compared to last year, With a more notable quarter-on-quarter decrease of -1.85 %.
Net profit rose by 34.21 % year-on-year, but experienced a 51.69 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 18.07 % but a quarterly rise of 41.98 %. The Gross NPA % indicates concerning trends with a quarterly drop of -0.76 % and an annual decline of -1.96 %, pointing to weakening recovery efforts and a deteriorating credit environment. In contrast, the Net NPA% exposes underlying challenges, showing a quarterly decrease of -0.04 % and an annual decline of -0.83 %, reflecting persistent vulnerabilities in asset quality and risk management. In summary, Jammu and Kashmir Bank Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 2512.3 Cr | Rs. 2881.2 Cr | Rs. 2910.35 Cr | + 1.01 % | + 15.84 % |
Interest | Rs. 1262.4 Cr | Rs. 1600.29 Cr | Rs. 1603.86 Cr | + 0.22 % | + 27.05 % |
Expenses | Rs. 792.91 Cr | Rs. 905.82 Cr | Rs. 704.77 Cr | -22.2 % | -11.12 % |
Financing Profit | Rs. 456.99 Cr | Rs. 375.09 Cr | Rs. 601.72 Cr | + 60.42 % | + 31.67 % |
Net Profit | Rs. 476.73 Cr | Rs. 421.79 Cr | Rs. 639.8 Cr | + 51.69 % | + 34.21 % |
EPS in Rs | Rs. 4.87 | Rs. 4.05 | Rs. 5.75 | + 41.98 % | + 18.07 % |
Gross NPA % | 6.04 % | 4.84 % | 4.08 % | -0.76 % | -1.96 % |
Net NPA % | 1.62 % | 0.83 % | 0.79 % | -0.04 % | -0.83 % |
In reviewing Jammu and Kashmir Bank Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 15.84 % year-on-year growth, however, there was a minor increase of 1.01 % from the previous quarter. Interest expenses climbed by 0.22 % quarterly and sharply by 27.05 % annually, demonstrating effective cost control and improved debt management. Expenses decreased by -11.12 % compared to the previous year, with a decrease of -22.2 % quarter-on-quarter. Financing Profit surged by 31.67 % annually, and saw a 60.42 % increase from the last quarter.
Net Profit showed yearly increase of 34.21 %, and experienced a 51.69 % increase from the previous quarter. Earnings Per Share (EPS) rose by 18.07 % annually, however rose by 41.98 % compared to the last quarter. Gross NPA% decreased by -0.76 % quarterly and fell by -1.96 % annually, showcasing improvements in asset quality. Net NPA% worsened by -0.04 % quarterly and decreased by -0.83 % annually, showcasing effective recovery and risk management strategies. In essence, while Jammu and Kashmir Bank Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.