Shares of Jammu and Kashmir Bank witnessed strong buying interest in early trade on Wednesday after the bank reported a steady set of Q3 FY26 earnings. The stock climbed over 3% intraday as investors responded positively to improved asset quality and year-on-year profit growth.
As of 9:20 AM, J&K Bank shares were trading 2.92% higher at ₹101.81 on the NSE, compared with the previous close.
For the quarter ended December FY26, J&K Bank reported a net profit of ₹588.73 crore, marking an 11% increase from ₹531.51 crore recorded in the corresponding quarter last year. The rise in profit came despite a marginal decline in core operating income, indicating better cost control and balance sheet stability.
Net Interest Income (NII) for the quarter stood at ₹1,480 crore, down 1% year-on-year from ₹1,509 crore. The slight dip in NII reflects pressure on margins amid a competitive lending environment, though it did not materially impact overall profitability.
On the asset quality front, the bank continued to show improvement on a sequential basis. Gross non-performing assets (GNPA) declined to 3% in Q3 FY26, compared with 3.32% in the previous quarter. Net NPA also improved, easing to 0.68% from 0.76% quarter-on-quarter, reinforcing confidence around credit quality and recovery trends.
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