Hold Karnataka Bank ; target of Rs 170: Arihant Capital

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26 Aug, 2025 12:21

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Arihant Capital's research report on Karnataka Bank

The Karnataka Bank Ltd for the quarter ended Q2 FY18 reported fall in its net profit by 25% YoY to Rs 93 crs. Sequentially the profit de-grew by 30%. This was majorly due to higher provisions cost which increased by 73% YoY and 14% QoQ.

Outlook
At CMP of Rs 160 the stock trades at 8.4 P/E(x) and 1.1 P/ABV(x) to its FY 19E. We have valued the stock at 1.15(x) to its FY 19E ABV and arrived at a fair value of Rs 163 for the stock. We have ‘NEUTRAL’ rating for the stock.
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