1. At a Glance
Q1 FY26 net profit jumped 17% YoY to ₹485 Cr. GNPA slid to 3.5%, deposits grew 12%, CAR stands tall at 15.98%. Stock trades at P/E 5.6x, CMP ₹109, with price/book 0.85x—basically a “discount sale” in the banking aisle.
2. Introduction with Hook
Imagine a mountain climber scaling the Himalayas—slow, steady, and hoping not to slip. That’s J&K Bank: recovering from past falls, improving asset quality, and quietly strengthening its foothold in the banking terrain.
3. Business Model (WTF Do They Even Do?)
- Retail Banking (60%): Loans, deposits, and every boring thing you need to live.
- Treasury (21%): They play with bonds and forex while pretending it’s safe.
- Corporate Banking (19%): Big-ticket lending, occasionally risky.
- Punchline: “A bank that acts local but wants to think global… someday.”
4. Financials Overview
- Q1 Revenue: ₹3,269 Cr (+9% YoY)
- NII: Strong, margins ~3.1%.
- Net Profit: ₹485 Cr (+17% YoY)
- GNPA: 3.5% (improving).
- CAR: 15.98%
