Karur Vysya Bank's Q1 net profit surges 28% to Rs 458.65 crore

The lender’s loan book jumped 16.06 percent, while the CASA was up 5.62 percent; CASA ratio stood at 30.37 percent. The net interest margin was at 4.13 percent, down by 6 bps YoY.

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26 Aug, 2025 12:21

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Karur Vysya Bank on July 18 reported a 27.9 percent jump in net profit at Rs 458.65 crore in the June 30 ended quarter, compared to Rs 358.63 crore in the year-ago period, the lender said in an exchange filing.

This was marginally above the net profit posted in the March quarter at Rs 456.1 crore, according to the filing.

On July 18, the bank's shares closed 2.18 percent higher at Rs 206.46 on NSE.

Ramesh Babu B, managing director & CEO, Karur Vysya Bank said, “We have another strong quarter of performance built on our guidance of three metrics - growth, profitability and asset quality. Bank’s performance indicators are in line with our guidance and bank is seeing consistent and steady growth.”

Total business as on June 30 came in at Rs 170,059 crore, registering a year-on-year growth of 15.16 percent from Rs 1,47,671 crore in the year-ago period.

Total deposits as on June 30 stood at Rs 92,349 crore, recording a YoY growth of 14.41 percent from Rs 80,715 crore in the same period of last year.

The lender’s loan book jumped 16.06 percent, while the CASA was up 5.62 percent; CASA ratio stood at 30.37 percent. The net interest margin was at 4.13 percent, down by 6 bps YoY.

"It is encouraging to note our inclusive growth in RAM verticals, highlighting a strong start to this   financial year. And, I am confident that the same will continue rather we will aim for further improvement of the performance in the ensuing quarters,” the MD said.

The bank said its gross non-performing assets (GNPA) has improved by 67 bps and stands at 1.32 percent of gross advances as on June 30 at Rs 1,025 crore. Net non-performing assets (NNPA) is below 1 percent and stands at 0.38 percent of net advances as on June 30 at Rs 294 crore and 0.59 percent as on June 30, 2023, at Rs 390 crore.