Showing posts with label #karnatakabank #karnataka Bank. Show all posts
Showing posts with label #karnatakabank #karnataka Bank. Show all posts

Thursday, March 23, 2023

Karnataka Bank - Buy on declines.


Recorded a net profit of ₹300 cr in Q3 FY23 as against ₹146 cr reported in the year-ago period, registering a growth of 105%

The operating profit went up 49% and NII went up 34%

NPA came down to 3.28 per cent 4.11% and net NPA was at 1.66% Vs 2.45%

The provision coverage ratio  at 80%. 

Provisions stood at ₹164 cr Vs ₹138 cr

Advances growth of the bank is healthy at 12%
capital adequacy ratio was at 15%

Returns

One year - up by 157%
6 months - up by 37%
1 month - up by 42%
1 week - down by 2%
has notched 106% higher Q3EPS of Rs.9.7 and 119% higher 9M EPS of Rs.26.5, which may lead to FY23 EPS of Rs.37+ Vs 15.5 in FY22

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