FY25/26E RoA to remain amongst highest across peers, says the brokerage.

Karur Vysya Bank Q1 Results Review - Yet Another Strong, Steady Quarter: ICICI Securities

Karur Vysya Bank reported a 28 per cent increase in its net profit at ₹459 crore for the quarter ended June 30, 2024, compared with ₹389 crore in the year-ago quarter.

Karur Vysya Bank Q1 Results: Net profit rises 28% to ₹459 cr.

Net NPAs Will Be Maintained Under 1%: Karur Vysya Bank | CNBC TV18

Karur Vysya Bank (KVB) reports 28% profit growth, 15% income growth, and improved asset quality in Q1.

Karur Vysya Bank standalone Q1 net profit rises 28% to ₹459 cr.

Operating expenses for the quarter were Rs 667 crore compared to Rs 582 crore during the corresponding quarter of the previous year

Karur Vysya Bank Q1 results: Net profit rises 27.86% to Rs 459 crore

Its net interest margin for the quarter stood at a healthy 4.13%, although down by 6 basis points year-on-year, as rise in cost of deposit outpaced yield on advances. The bank’s net interest income rose 14.3% at Rs 1,025 crore. Cost of deposits rose 52 bps in the past 12 months to 5.48% while yield on advances grew to 10.10%, up by 41 bps.

Karur Vysya Bank Q1 Results: Net profit jumps 28% YoY to Rs 459 crore

Total Operating Income rise 21.33% to Rs 2284.53 crore

Earnings

Karur Vysya Bank standalone net profit rises 27.89% in the June 2024 quarter

Karur Vysya Bank grants 47,097 stock options under ESOS

The private bank reported 16.06% jump in advances to Rs 77,709 crore in the quarter ended 30 June 2024 as compared to Rs 66,956 crore recorded in the quarter ended 30 June 2023.

Karur Vysya Bank advances climb 16% YoY in Jun′24

The lender’s total deposits grew 14.4% to Rs 92,349 crore, while advances rose 16.1% to Rs 77,709 crore compared to the same period last year.

Karur Vysya Bank Q1 Business Update: Total Business Jumps 15.2%; Shares Gain

Karur Vysya Bank plans to open 100 new branches in India by FY25, achieving record profits and low NPAs.

Karur Vysya Bank to open 100 new branches in FY25: MD & CEO

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The Karur Vysya Bank Limited is engaged in providing banking and financial services, including commercial banking and treasury operations.