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Jammu & Kashmir Bank’s Q1 net surges 32%

24 Jul 2017 Evaluate

Jammu & Kashmir Bank has reported results for first quarter ended June 30, 2017.

The Bank has reported 31.95% rise in its net profit at Rs 30.19 crore for the quarter under review as compared to Rs 22.88 crore for the same quarter in the previous year. Total income of the Bank increased marginally at Rs 1790.53 crore for Q1FY18 as compared Rs 1789.05 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 10.79%, as compared to 9.31% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 4.65% in Q1FY18.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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