Karur Vysya Bank announced its financial results for the second quarter of FY25, showcasing strong growth across key financial metrics. The bank’s net profit surged to ₹473.60 crore, marking a 25.1% year-on-year (YoY) increase from ₹378.45 crore in Q2 FY24. The results also highlighted improvements in asset quality, operating profit, and capital adequacy, contributing to the bank’s positive performance.
Key Highlights:
- Net Profit: ₹473.60 crore, up from ₹378.45 crore in Q2 FY24, reflecting a 25.1% YoY growth.
- Total Income: ₹2,856 crore, compared to ₹2,336 crore in the same period last year.
- Operating Profit: ₹816.24 crore, an increase from ₹637.91 crore in Q2 FY24.
- Interest Earned: ₹2,384 crore, up from ₹1,997 crore in Q2 FY24, driven by advances and bills.
- Operating Expenses: ₹715.72 crore, up from ₹616.36 crore in the same quarter last year.
Asset Quality:
- Gross NPA (GNPA): Improved to ₹885.61 crore, down from ₹1,219.08 crore in Q2 FY24.
- GNPA as a percentage of total advances: Decreased to 1.10%, compared to 1.73% last year.
- Net NPA (NNPA): Improved to ₹219.22 crore, down from ₹323.63 crore in the same quarter last year.
- NNPA as a percentage of total advances: Reduced to 0.28% from 0.47% in Q2 FY24.
Capital Adequacy:
- Capital Adequacy Ratio (CAR): 16.28% under Basel III, compared to 16.84% last year, indicating a strong capital position.
Earnings Per Share (EPS):
- Basic EPS: ₹5.89, up from ₹4.72 in Q2 FY24.
- Diluted EPS: ₹5.88, up from ₹4.70 in Q2 FY24.
Other Metrics:
- Return on Assets (ROA): Improved to 1.72%, up from 1.57% in Q2 FY24.
- Debt to Equity Ratio: Improved to 0.05 from 0.10 in the previous year.
As of 2:07 PM, the shares of Karur Vysya Bank were trading 0.71% higher at ₹205.73, reflecting strong investor sentiment following the bank’s solid quarterly performance