J&K Bank

Market Cap: Mid Cap
Industry: Public Banks
ISIN: INE168A01041
NSEID: J&KBANK
BSEID: 532209

INR

91.90

0.4 (0.44%)

BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 33.15 lacs

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Annual Results

Results Snapshot

Figures in Rs cr

Standalone Annual Results

Mar'24

Mar'23

Mar'22

Mar'21

Mar'20

Mar'19

Mar'18

Interest Earned

11,212.37

9,355.11

8,013.48

8,111.09

8,446.29

7,675.56

6,621.40

Income On Investments

2,265.43

2,070.92

1,676.86

1,730.79

1,607.61

1,551.99

1,431.58

Interest On Balances With Rbi Other Inter Bank Funds

36.91

94.68

168.69

317.22

266.03

159.79

211.68

Interest / Discount On Advances / Bills

8,608.67

6,997.55

6,015.38

6,063.02

6,572.50

5,935.24

4,977.74

Others

301.36

191.96

152.55

0.06

0.15

28.54

0.40

Other Income

825.48

756.81

744.01

692.08

545.92

812.63

495.31

Total Income

12,037.85

10,111.92

8,757.49

8,803.17

8,992.21

8,488.19

7,116.71

Interest Expended

6,008.68

4,609.83

4,102.25

4,340.31

4,739.63

4,291.63

3,750.61

Net Interest Income

5,203.69

4,745.28

3,911.23

3,770.78

3,706.66

3,383.93

2,870.79

Total Expenditure (Excl Depreciation)

3,752.29

3,643.60

3,322.78

2,878.54

2,727.54

2,478.66

1,984.23

Employee Cost

2,571.56

2,703.66

2,401.93

2,059.38

1,886.05

1,646.18

1,286.89

Other Operating Expenses

1,180.73

939.94

920.85

819.16

841.49

832.48

697.34

Operating Profit Before Provisions and Contingencies

2,276.88

1,858.49

1,332.46

1,584.32

1,525.04

1,717.90

1,381.87

Exceptional Items

0.00

Provisions and contingencies

-107.69

74.13

319.76

1,050.25

2,625.09

1,058.16

1,022.74

Profit Before Tax

2,384.57

1,784.36

742.70

534.07

-1,100.05

659.74

120.95

Tax

617.30

586.98

241.14

101.95

39.36

194.85

-81.77

Profit After Tax

1,767.27

1,197.38

501.56

432.12

-1,139.41

464.89

202.72

Extraordinary Items

0.00

-182.34

0.00

-238.18

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

1,767.27

1,197.38

683.90

432.12

-1,139.41

464.89

440.90

Face Value

1.0

Reserves

10,856.64

8,558.81

6,970.62

5,781.63

6,322.12

6,570.40

6,105.51

Earnings per share (EPS)

16.05

11.61

5.38

6.06

-15.97

8.35

3.64

Diluted Earnings per share

16.8

12.43

6.04

6.06

-15.97

8.35

7.91

Operating Profit Margin (Excl OI)

67.49%

60.26%

51.18%

51.56%

36.63%

53.92%

50.99%

Gross Profit Margin

21.27%

19.07%

9.27%

6.58%

-13.02%

8.6%

1.83%

PAT Margin

15.76%

12.8%

6.26%

5.33%

-13.49%

6.06%

3.06%

Net Interest Margin

3.92%

3.89%

3.5%

3.51%

3.92%

3.84%

3.65%

Return on Assets

0.0%

CASA (%)

50.51%

54.1%

56.56%

56.84%

53.66%

50.7%

50.89%

CASA Amount

68,073.00

66,017.98

64,874.61

61,424.94

52,469.32

45,442.63

40,714.00

Capital Adequacy Ratio (Total)

15.33%

15.38%

13.23%

12.2%

11.4%

12.46%

11.42%

Capital Adequacy Ratio (Tier 1)

13.09%

12.34%

11.73%

10.28%

9.88%

10.6%

9.24%

Provision Coverage Ratio (%)

91.58%

86.2%

84.26%

81.97%

78.59%

64.3%

65.83%

Amount of Gross NPAs

3,956.19

5,204.43

6,520.54

6,954.75

7,671.63

6,221.35

6,006.70

Amount of Net NPAs

736.85

1,334.24

1,750.10

1,969.33

2,243.82

3,239.61

2,791.12

% of Net NPAs

0.79%

1.62%

2.49%

2.95%

3.48%

4.89%

4.9%

% of Gross NPAs

4.08%

6.04%

8.67%

9.67%

10.97%

8.97%

9.96%

Public Share Holdings (%)

40.6%

36.59%

29.88%

31.82%

40.77%

Pledged Promotor Holding (%)

0.0%

Pledged Capital (%)

0.0%

Number of ATMs

1417.0

1419.0

1403.0

1383.0

1354.0

1291.0

1199.0

Number of Branches

832.0

993.0

980.0

955.0

940.0

909.0

Annual Analysis Highlights

Interest Earned

YoY Growth in year ended Mar 2024 is 19.85% vs 16.74% in Mar 2023

Net Profit

YoY Growth in year ended Mar 2024 is 47.59% vs 75.08% in Mar 2023

Operating Profit (PBDIT)

YoY Growth in year ended Mar 2024 is 22.51% vs 39.48% in Mar 2023

% of Net NPAs

YoY Growth in year ended Mar 2024 is -0.83% vs -0.87% in Mar 2023

% of Gross NPAs

YoY Growth in year ended Mar 2024 is -1.96% vs -2.63% in Mar 2023

Compare Annual Results Of J&K Bank With

Select Peers

Figures in Rs cr

Standalone Annual Results

Change(INR)

Change(%)

Interest Earned

11,212.37

4,15,130.66

-4,03,918.29

-97.3%

Income On Investments

2,265.43

1,08,640.51

-1,06,375.08

-97.91%

Interest On Balances With Rbi Other Inter Bank Funds

36.91

5,090.19

-5,053.28

-99.27%

Interest / Discount On Advances / Bills

8,608.67

2,88,038.24

-2,79,429.57

-97.01%

Others

301.36

13,361.72

-13,060.36

-97.74%

Other Income

825.48

51,682.16

-50,856.68

-98.4%

Total Income

12,037.85

4,66,812.82

-4,54,774.97

-97.42%

Interest Expended

6,008.68

2,55,254.83

-2,49,246.15

-97.65%

Net Interest Income

5,203.69

1,59,875.83

-1,54,672.14

-96.75%

Total Expenditure (Excl Depreciation)

3,752.29

1,17,760.81

-1,14,008.52

-96.81%

Employee Cost

2,571.56

71,236.98

-68,665.42

-96.39%

Other Operating Expenses

1,180.73

46,523.83

-45,343.10

-97.46%

Operating Profit Before Provisions and Contingencies

2,276.88

93,797.18

-91,520.30

-97.57%

Exceptional Items

0.00

Provisions and contingencies

-107.69

4,914.22

-5,021.91

-102.19%

Profit Before Tax

2,384.57

81,782.96

-79,398.39

-97.08%

Tax

617.30

20,706.34

-20,089.04

-97.02%

Profit After Tax

1,767.27

61,076.62

-59,309.35

-97.11%

Extraordinary Items

0.00

-5,302.38

5,302.38

100.0%

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

1,767.27

66,379.00

-64,611.73

-97.34%

Face Value

1.00

0.00

Reserves

10,856.64

3,48,798.42

-3,37,941.78

-96.89%

Earnings per share (EPS)

16.05

68.44

-52.39

-76.55%

Diluted Earnings per share

16.80

76.39

-59.59

-78.01%

Operating Profit Margin (Excl OI)

67.49%

68.74%

0.00

-1.25%

Gross Profit Margin

21.27%

19.70%

0.00

1.57%

PAT Margin

15.76%

14.71%

0.00

1.05%

Net Interest Margin

3.92%

3.28%

0.64

0.64%

Return on Assets

0.00%

0.00

0.00%

CASA (%)

50.51%

41.11%

9.40

9.40%

CASA Amount

68,073.00

19,41,996.00

-18,73,923.00

-96.49%

Capital Adequacy Ratio (Total)

15.33%

14.28%

1.05

1.05%

Capital Adequacy Ratio (Tier 1)

13.09%

11.93%

1.16

1.16%

Provision Coverage Ratio (%)

91.58%

75.02%

16.56

16.56%

Amount of Gross NPAs

3,956.19

84,276.33

-80,320.14

-95.31%

Amount of Net NPAs

736.85

21,051.08

-20,314.23

-96.5%

% of Net NPAs

0.79%

0.57%

0.22

0.22%

% of Gross NPAs

4.08%

2.24%

1.84

1.84%

Public Share Holdings (%)

40.60%

0.00%

40.60

40.60%

Pledged Promotor Holding (%)

0.00%

0.00

0.00%

Pledged Capital (%)

0.00%

0.00

0.00%

Number of ATMs

1,417.00

63,580.00

-62,163.00

-97.77%

Number of Branches

832.00

22,542.00

-21,710.00

-96.31%

Annual - Interest Earned

Interest Earned 11212.37 Cr

in Mar 2024

Figures in Rs Cr

YoY Growth in year ended Mar 2024 is 19.85% vs 16.74% in Mar 2023

Annual - Net Profit

Net Profit 1,767.27 Cr

in Mar 2024

Figures in Rs Cr

YoY Growth in year ended Mar 2024 is 47.59% vs 75.08% in Mar 2023

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 2,276.88 Cr

in Mar 2024

Figures in Rs Cr

YoY Growth in year ended Mar 2024 is 22.51% vs 39.48% in Mar 2023

Annual - % of Net NPAs

% of Net NPAs 0.79%

in Mar 2024

Figures in Rs %

YoY Growth in year ended Mar 2024 is -0.83% vs -0.87% in Mar 2023

Annual - % of Gross NPAs

% of Gross NPAs 4.08%

in Mar 2024

Figures in Rs %

YoY Growth in year ended Mar 2024 is -1.96% vs -2.63% in Mar 2023