The Jammu and Kashmir Bank posts consolidated PAT of Rs. 168.97 crores in Q3FY22

The Jammu & Kashmir Bank Limited has reported Consolidated financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 2178.57 crores during the period ended December 31, 2021 as compared to Rs. 2203.36 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 168.97 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 107.43 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 1.81 for the period ended December 31, 2021 as compared to Rs. 1.44 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹2178.57 crs	₹2203.36 crs	-1.13%
Net Profit	₹168.97 crs	₹107.43 crs	57.28%
EPS	₹1.81	₹1.44	25.69%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs.2178.57 crores during the period ended December 31, 2021 as compared to Rs.2349.81 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.168.97 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.66.44 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.1.81 for the period ended December 31, 2021 as compared to Rs.0.93 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹2178.57 crs	₹2349.81 crs	-7.29%
Net Profit	₹168.97 crs	₹66.44 crs	154.32%
EPS	₹1.81	₹0.93	94.62%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.6595.57 crores during the 9 Months period ended December 31, 2021 as compared to Rs.6707.56 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.376.02 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.106.23 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.4.72 for the 9 Months period ended December 31, 2021 as compared to Rs.1.49 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹6595.57 crs	₹6707.56 crs	-1.67%
Net Profit	₹376.02 crs	₹106.23 crs	253.97%
EPS	₹4.72	₹1.49	216.78%

Asset Quality:

Asset Quality	Q3 FY2022	Q2 FY2022	Q3 FY2021
Gross NPA	₹ 6508.80 crs	₹6524.87 crs	₹6196.06 crs
Gross NPA %	8.93%	8.95%	8.71%
Net NPA	₹2067.76 crs	₹2063.65 crs	₹1664.32 crs
Net NPA %	3.02%	3.02%	2.50%

Gross NPA was at ₹ 6508.80 crs in Q3 FY2022 against ₹ 6196.06 crs in Q3 FY2021. The same was at ₹ 6524.87 crs in Q2 FY2022.

Net NPA was at ₹ 2067.76 crs in Q3 FY2022 against ₹ 1664.32 crs in Q3 FY2021. The same was at ₹ 2063.65 crs in Q2 FY2022.

GNPA was at 8.93% of Gross advances as on December 31, 2021 as compared to 8.71% as on December 31, 2020 and 8.95% as of September 30, 2021.

Net NPA was at 3.02% of Gross advances as on December 31, 2021 as compared to 2.50% as on December 31, 2020 and 3.02% as of September 30, 2021.

Ratios	Q3 FY2022	Q2 FY2022	Q3 FY2021
RoA %	0.57%	0.38%	0.23%
CAR (BASEL III) %	12.38%	12.80%	11.77%

Return on Average Assets (RoA) is at 0.57% for Q3 FY2022 against 0.38% in Q2 FY2022 and 0.23% in Q3 FY2021.

In Q3 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 12.38%, as compared to 12.80% in Q2 FY2022 and 11.77% in Q3 FY2021.

Shares of The Jammu & Kashmir Bank Limited was last trading in BSE at Rs. 41.25 as compared to the previous close of Rs. 41.05. The total number of shares traded during the day was 609231 in over 2348 trades.

The stock hit an intraday high of Rs. 41.70 and intraday low of 40.00. The net turnover during the day was Rs. 24947594.00.

Source : Equity Bulls

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TheJammuandKashmirBank Q3FY22 9MFY22 ResultUpdate