Jammu and Kashmir Bank's Q2 FY 2025-26 Quarterly Results

Result Summary

• Jammu and Kashmir Bank Ltd reported a 2.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 0.8%.
• Its expenses for the quarter were down by 0.8% QoQ and up 7.3% YoY.
• The net profit increased 2.1% QoQ and decreased 10.5% YoY.
• The earnings per share (EPS) of Jammu and Kashmir Bank Ltd stood at 4.49 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Jammu and Kashmir Bank Ltd is a prominent financial institution primarily engaged in banking services. It operates in the Indian banking sector and provides a range of financial products and services, including loans, deposits, and various banking services to individuals, businesses, and government entities. The bank has a significant presence in the Jammu and Kashmir region and serves as an important financial intermediary in the area. Its operations are focused on traditional banking offerings and may include retail banking, corporate banking, and investment services. However, without additional data, recent major developments or strategic shifts in the company's operations are not available. The bank's role in the regional economy of Jammu and Kashmir is significant, reflecting its historical and strategic business focus.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Jammu and Kashmir Bank Ltd reported a total income of ₹3,450.26 crores. This marked a slight decrease of 2.1% compared to the previous quarter (Q1FY26), where the total income was ₹3,522.65 crores. On a year-over-year basis, the total income showed a marginal increase of 0.8% from ₹3,424.31 crores in Q2FY25. This data reflects the bank's income performance over these periods, indicating changes in revenue generation or external economic conditions impacting the banking sector. The bank's total income is a key indicator of its revenue-generating capabilities, encompassing interest income, fees, and other revenue streams.

Profitability

Jammu and Kashmir Bank Ltd's profitability for Q2FY26 is highlighted by several financial metrics. The Profit Before Tax (PBT) was ₹634.68 crores, showing a decline of 3.7% from the previous quarter (Q1FY26), where the PBT was ₹659.36 crores. Compared to Q2FY25, there was a significant decrease of 16.1% in PBT, which was ₹756.83 crores. The Profit After Tax (PAT) for Q2FY26 was ₹494.92 crores, representing an increase of 2.1% from Q1FY26, where PAT was ₹484.53 crores. However, on a year-over-year basis, the PAT decreased by 10.5% from ₹552.78 crores in Q2FY25. The Earnings Per Share (EPS) followed a similar pattern, with a QoQ increase of 2.0% to ₹4.49 from ₹4.40, but a YoY decrease of 10.6% from ₹5.02. These metrics provide insights into the bank's profitability dynamics over time, reflecting operational efficiency and cost management.

Operating Metrics

The total expenses for Jammu and Kashmir Bank Ltd in Q2FY26 were ₹2,826.51 crores, which represents a slight decrease of 0.8% from ₹2,848.20 crores in Q1FY26. Year-over-year, there was an increase of 7.3% from ₹2,634.96 crores in Q2FY25. A notable change was seen in Provisions & Contingencies, which stood at -₹10.93 crores in Q2FY26, a significant reduction from ₹15.09 crores in Q1FY26 and ₹32.52 crores in Q2FY25. This decrease reflects adjustments in the bank's provisioning strategy. The tax expenses accounted for ₹139.77 crores in Q2FY26, decreasing by 19.4% from ₹173.36 crores in Q1FY26 and by 31.5% from ₹204.16 crores in Q2FY25. These operating metrics indicate the bank's cost structure and provisioning activities, which are integral to its financial management strategy.