JKJammu & Kashmir Bank532209Quarterly results

Board takes on record reviewed results for Q2 and H1 FY27; auditors' conclusion unmodified

The Board took on record the reviewed standalone and consolidated financial results for the quarter and half year ended 30 September 2026.

By ScoutQuest · Thu 22 Oct 2026, 1:12 PM IST · 2 min read

Net Profit (H1 FY27, standalone)

₹970.54 crore for the half year, of which ₹546.36 crore in the September quarter

Total Income (H1 FY27, standalone)

₹7,802.01 crore

PSL Certificate Accounting Impact

increase of ₹37.53 crore in Profit after Tax for the half year ended 30 September 2026

Results on record

The Board of Directors took on record the reviewed standalone and consolidated financial results for the quarter and half year ended 30 September 2026. These are reviewed figures, not audited, which is the normal practice for quarterly reporting by a listed bank.

Auditors' conclusion

The standalone results were reviewed jointly by Gupta Gupta & Associates LLP, J C R & Co. LLP, Dhar Tiku & Co. and Gupta Sharma & Associates. Their conclusion is unmodified — nothing came to their attention that suggested the statement contained a material misstatement — and they state that the conclusion is not modified in respect of the matters they highlight.

Emphasis of Matter, three items

• The accounting policy for purchase and sale of Priority Sector Lending Certificates changed from 1 April 2026, so expenditure and income are now recognised over the validity period of the certificates instead of in full in the quarter of the transaction. This resulted in an increase of ₹37.53 crore in Profit after Tax for the half year ended 30 September 2026.
• Unlisted equity investments classified as Fair Value through Profit and Loss were valued at break-up value as per RBI directions; the related appreciation has been credited to Revenue Reserves and, for later years, included in Other Income.
• ₹263.63 crore was transferred from the Investment Fluctuation Reserve to the General Reserve during the year, following discontinuation of the requirement to maintain the IFR.

Standalone performance

• Total Income for the half year ended 30 September 2026 was ₹7,802.01 crore.
• Net Profit for the half year was ₹970.54 crore, of which ₹546.36 crore came in the September quarter.

The results are presented across Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Business segments.

Asset quality and capital

• Gross NPAs were 2.23% of gross advances and Net NPAs 0.51% of net advances.
• Capital Adequacy Ratio (Basel III) was 16.57%.

The company gives these ratios in its analytical ratios table alongside the results, so they can be read against the profit figures directly.

What to keep in mind

• This is a board meeting outcome covering results, and the meeting was stated to be continuing to consider other items of business.
• Two of the three flagged notes are accounting-related: a change in how PSL certificate income and expense is spread over time, and a valuation of unlisted equity investments. The third is an internal reserve transfer. The auditors have not qualified the accounts on any of them.
• Read the half-year Profit after Tax with the note that the PSL accounting change added to it, so the figure is not like-for-like with periods before the change.
• The NPA ratios and capital adequacy ratio are the standard yardsticks for judging asset quality and cushion, and both are printed alongside the results for easy comparison.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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