Karur Vysya Financial institution Ltd.’s standalone web revenue in the course of the quarter ended March rose 13% to Rs 513 crore, in keeping with an change submitting on Monday.
The online curiosity revenue — the distinction of curiosity earned and curiosity paid — rose 9% to Rs 1,089 crore, the personal sector financial institution stated.
Karur Vysya Financial institution This autumn Highlights (Standalone, YoY)
-
Internet Curiosity revenue up 9% to Rs 1,089 crore versus Rs 998 crore.
-
Working revenue down 3.7% to Rs 835 crore versus Rs 867 crore.
-
Internet revenue up 12.5% to Rs 513 crore versus Rs 456 crore.
-
Gross NPA at 0.76% versus 0.83% (QoQ).
-
Internet NPA flat at 0.2% (QoQ).
-
Provisions down 45% to Rs 161 crore versus Rs 293 crore.
Karur Vysya Financial institution introduced a dividend of Rs 2.6 per fairness share with a face worth of Rs 2 for fiscal 2024–25. The corporate will disburse Rs 208 crore to the shareholders.
Shares of Karur Vysya Financial institution ended 0.12% decrease at Rs 225.47 apiece on the NSE, in comparison with a 0.3% decline within the benchmark Nifty. The inventory has risen 15.57% within the final 12 months and three.84% on a year-to-date foundation.
Sixteen out of the 17 analysts monitoring the corporate have a ‘purchase’ ranking on the inventory, whereas one maintains ‘maintain’, in keeping with Bloomberg knowledge. The typical of 12-month consensus value goal implies a possible upside of 19.1%.
. Learn extra on Earnings by Newsstate24 Revenue.
