Jammu & Kashmir Bank Ltd

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• DebtHigh safety, with cautionRated AA- to A by 4 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 13% and profit rose 12% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 59% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 5.7 times its yearly earnings (P/E), pricier than 51% of the time in the last 5 years. Its usual P/E is about 7.

Jammu & Kashmir Bank Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)5.7 against a typical 12.2: cheaper than most peers (1st = cheapest).1st of 20
• Sales growth+13.2% against a typical +16.2% from a year earlier.15th of 20
• Profit growth+11.7% against a typical +34.9% from a year earlier.17th of 19
• Share price, 3 months−21.7% against a typical −5.9%.19th of 20

Exchange filings and their impact on the company.

• 27 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice −2.4% on 28 Oct
  Strong Q2 with 29% profit jump and decadal-best asset quality, guiding to faster growth and 1.2% ROA.

  J&K Bank reported a strong Q2 FY27 with total business up 19.4% to Rs 3.10 lakh crore, deposits up 16.3% and advances up 23.7%, and net profit of Rs 546 crore up 29% sequentially. Asset quality hit decadal best with gross NPA at 2.23%, net NPA at 0.51% and provision coverage at 91.76%, while NIM compressed to 3.22% for the half year. Management guided for 14% plus credit growth, 12% plus deposit growth, CASA above 42% and ROA around 1.20% with a Rs 1000 crore equity and Rs 500 crore debt raise planned to fund growth.

  Full analysisFiling
• 22 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −0.3% that day
  Q2 PAT up 10.6% YoY to Rs 546cr on 5% NII growth, doubled other income and decadal-best asset quality with GNPA at 2.23%.

  J&K Bank reported Q2 FY27 standalone net profit of Rs 546.36 crore, up 10.6% YoY and 28.8% QoQ, with net interest income up 5% to Rs 1502 crore and other income doubling to Rs 314.9 crore. Total business grew 19.4% YoY to Rs 3.10 lakh crore, with advances up 23.7% and deposits up 16.3%, while gross NPA fell to a decadal-best 2.23% and net NPA to 0.51% with provision coverage at 91.76%. Capital adequacy remained strong at 16.57%, though H1 profit was boosted by a Rs 37.5 crore PSLC accounting change and Rs 28.9 crore prior-period investment revaluation.

  Full analysisFiling
• 16 Oct 2026AgreementsLow impactPositivePrice +3.7% on 19 Oct
  J&K Bank completed Rs 120.1 cr sale of its PNB MetLife stake, adding a small one-time profit.

  J&K Bank on 16 Oct 2026 completed the sale of its shares in PNB MetLife India Insurance Company to MetLife International Holdings and Barclays entities. The sale was at Rs 117.20 per share for a total of Rs 120.1 crore, with consideration remitted to the bank. The cash proceeds and related one-time gain modestly support profit and capital, with no impact on core banking operations.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Amitava Chatterjee

Chief Executive Officer, Managing Director, Executive Director

Ketan Kumar Joshi

Chief Financial Officer

Mohammad Shafi Mir

Compliance Officer, Company Secretary

Sudhir Gupta

Executive Director