India, Oct. 19 -- Jammu & Kashmir Bank reported a 12.5% YoY decline in Q1FY27 standalone net profit to 424.18 crore, driven by increased tax expenses and higher standard asset provisions despite robust 25% credit growth and total business crossing 3 trillion.
Jammu & Kashmir Bank reported a 12.5% year-on-year decline in standalone net profit for the quarter ended June 30, 2026 (Q1FY27), primarily driven by increased tax expenses and operating costs that outpaced revenue growth. Standalone profit after tax (PAT) stood at 424.18 crore, down from 484.84 crore in Q1FY25, while consolidated PAT fell 11.7% to 428.80 crore from 484.53 crore in the corresponding period last year. The decline in profitability despite top-line expansion signals marg...