J&K Bank shares drop 2% after Q3 FY25 results

Jammu & Kashmir Bank’s shares dropped over 2% following its Q3 results for the quarter ending December 2024.

The bank reported a 25.03% rise in net profit, reaching ₹528.60 crore compared to ₹422.77 crore in the same quarter last year. Total operating income increased by 11.40%, amounting to ₹3,209.67 crore, up from ₹2,881.20 crore in December 2023.

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Net interest income (NII) saw a significant boost, rising 17.8% to ₹1,508.6 crore from ₹1,280.5 crore in FY24.

However, the bank faced a slight rise in non-performing assets (NPA), with gross NPA increasing to 4.08% from 3.95% in the September quarter. Net NPA also rose to 0.94% from 0.85% in the previous quarter.

Jammu and Kashmir Bank’s stock opened at 98.18, reaching a high of 98.40 and a low of 95.51 during the trading session. The bank’s shares have seen a 52-week high of 152.50 and a low of 86.61, reflecting a broad range of price fluctuations over the past year.

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