'Jammu & Kashmir Bank conducted a concall on 06 May 2025 to discuss the financial results for the quarter ended March 2025 and prospects of the bank. Amitva Chatterjee, MD&CEO of the bank addressed the call:
Highlights:
Bank has recorded a hat-trick of delivering lifetime high
annual profits, posting a net profit of Rs 2082 crore for FY25.
The net profit is up 17.8% in FY25, while excluding the
one-off item on account of reversal of excess gratuity provision amounting to
Rs 243 crore in FY24, the surge in net profit is an astounding 37% for FY2025.
Operating profit has surged 29% to Rs 2930 crore in FY2025.
The bank is reasonably satisfied that it has delivered on
almost all financial parameters, even surpassing guidance on a few of them
The Bank has registered a double-digit growth in both
Deposits (10.2%) and in line industry advances growth (11.1%).
Advances jumped 8.6% qoq, aided by a boost in ...
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