Karur Vysya Bank Q1 Results: Net Profit Up 14% YoY, 1:5 Bonus Shares Declared; Record Date Inside

Karur Vysya Bank released its financial results on Thursday for the quarter that ended on June 30, 2025. For the first quarter of FY26, Karur Vysya Bank (KVB) recorded a net profit of Rs 521 crore, representing a 14% YoY growth and a 2% sequential increase. Net interest income (NII) increased 5% YoY to Rs 1,080 crore, while operating profit was up 8% YoY to Rs 805 crore. Despite a 4% sequential decline, the bank's total income was Rs 1,527 crore, up 8% YoY, while its operating expenses rose to Rs 721 crore, up 8% YoY.

According to the bank, its provisions dropped 11% YoY to Rs 118 crore, bolstering bottom-line growth.

Total assets increased 15% YoY to Rs 1,25,371 crore as of June 30, 2025. Net advances grew 16% YoY to Rs 88,944 crore, while deposits increased 15% YoY to Rs 1,06,650 crore. With Rs 29,306 crore in deposits, CASA accounted for 27.48% of total deposits.

With a 15% YoY rise, the bank's total business hit Rs 1,96,024 crore. CASA deposits rose 5% YoY, while term deposits surged 20%. Growth in the Retail, Agriculture, and Commercial segments-all of which had ~20% YoY growth-was what propelled advances.

While Net NPA (NNPA) dropped to 0.19%, Gross NPA (GNPA) improved to 0.66%, down from 1.32% YoY. At 96.76%, the Provision Coverage Ratio (PCR) was still high. The total provisions (not including tax) were Rs 118 crore, of which Rs 114 crore were for non-performing assets.

The Board also declared issuance of bonus equity shares in the proportion of 1:5 i.e. 1 equity share of face value Rs 2/- each for every 5 fully paid-up equity shares of Rs 2/- each held by the members of the bank as on the record date fixed as 26th August, 2025.