Jammu & Kashmir Bank Ltd. · NSE:J&KBANK
Jammu & Kashmir Bank — Q1 FY2024-25 Earnings Presentation
35 slides from Jammu & Kashmir Bank's earnings presentation, June 2024
Slide 1: Investor Presentation Q1 FY 2024-25
Investor Presentation Q1 FY 2024-25 1
Slide 2: Disclaimer
Disclaimer The Jammu and Kashmir Bank has created this presentation exclusively for general informational purpose, disregarding any individual's informational demands, financial circumstances, or special goals. Except for the historical information contained herein, statements in this presentation t
Slide 3: 1 | Overview of the Bank
Jammu and Kashmir Bank Limited has strong market presence in the J&K and Ladakh regions 1 | Overview of the Bank 3
Slide 4: Jammu and Kashmir Bank Limited – Oldest Private Sector Banks in India
Jammu and Kashmir Bank Limited – Oldest Private Sector Banks in India • Jammu and Kashmir Bank Limited was incorporated on October 1, 1938 236552 235923 and today caters to a wide range of customers including retail, corporate, 212655 194549 (₹ CRORE ) agriculture and MSME. 101777 103350 90617 • Wid
Slide 5: Journey of 8 Decades
2021-2024 Journey of 8 Decades Global CSR Excellence & Leadership Award Top Banker Award for PMEG Listing on Stock Awarded with Development Exchanges Leadership Award 2023 at 14th 2000s Agriculture Leadership Conclave 2023. Licensed Status Prestigious ‘Times Now India’s Sponsored RRB 198
Slide 6: Interest Earnings and Advances Mix
Interest Earnings and Advances Mix 12000 3% 10000 Gross Advances Mix – March 31, 2024 3.10% 20.20% Corporate 4% Advances 8000 22.10% 32.6% Retail Advances 20.90% 67.4% 6000 76.80% 4000 3.40% 74.80% 75.10% Gross Advances Mix – June 30, 2024 20.40 2000 Corporate 76.20% Advances Retail 35.2% 0 Advances
Slide 7: 2 | Q1 FY 2024-2025 Performance Snapshot
Consistent net profit, High PCR, and turnaround on all key metrics 2 | Q1 FY 2024 -2025 Performance Snapshot 7
Slide 8: Q1 FY2024-25 Performance
Q1 FY2024-25 Performance CHANGE YoY CHANGE QoQ Q1 Q4 Q1 PARTICULARS FY 2023-2024 (%) (%) FY 2023-24 FY 2023-24 FY 2024-25 INTEREST EARNED 2,657.08 2,910.18 2994.39 13% 3% 11,212.37 INTEREST EXPENDED 1,373.78 1,604.06 1625.16 18% 1% 6,008.68 NET INTEREST INCOME 1,283.30 1,306.12 1369.23 7% 5% 5,203.6
Slide 9: YOY Comparison at a Glance (Q1 June 2023 vs Q1 June 2024)
YOY Comparison at a Glance (Q1 June 2023 vs Q1 June 2024) Profitability Growth Capital Adequacy Asset Quality NIM Deposits Tier I GNPA (%) 3.86% ₹ 1,32,573 crores 12.81% 3.91% (was 3.98%) Up 9 % (was 11.87%) (was 5.77%) PAT Gross Advances Tier II NNPA (%) ₹ 415.49 crores ₹ 98,580 crores 2.26% 0.77%
Slide 10: Key Financial Ratios-Trajectory
Jammu and Kashmir Bank Limited |Key Financial Ratios-Trajectory Cost of Deposits (%) Cost of Funds (%) 4.70 4.78 4.57 4.66 3.92 3.79 3.76 3.65 FY2021-22 FY2022-23 FY2023-24 Jun-24 FY2021-22 FY2022-23 FY2023-24 Jun-24 Yield on Advances (%) Yield on Investments (%) 9.54 9.50 6.68 6.78 5.53 5.89 8.91 8
Slide 11: Key Financial Ratios-Trajectory
Jammu and Kashmir Bank Limited |Key Financial Ratios- Trajectory Return on Assets (%) Return on Average Networth(%) 1.22 1.08 0.89 18.01 15.23 14.82 0.42 7.77 FY2021-22 FY2022-23 FY2023-24 Jun-24 FY2021-22 FY2022-23 FY2023-24 Jun-24 Earnings Per Share (Rs.) Book Value Per Share (Rs.) 16.80 15.09 99.
Slide 12: 3 | Key Strengths
Strong legacy, loyal customer base and an established brand with over 86 years of operations 3 | Key Strengths 12
Slide 13: Key Strengths of the Bank
Key Strengths of the Bank 1 Strong legacy, loyal customer base and an established brand with over 85 years of operations 2 Strong presence in fast growing region of J&K and increasing presence in other strategic regions 3 Healthy mix of retail in overall advances mix with focus on MSME and agricultu
Slide 14: Strong presence in J&K Region and increasing presence across India
Strong presence in J&K Region and increasing presence across India Urban, Branches in 11%, 832 J&K Semi Urban, Branch 16%, Distribution Rural, 1425 ATMs Metro, Network 55%, 18%, 22 States / UTs Rest of Rest of India, India, 9.0%, 29.3%, Gross Total Advances Deposits J&K and J&K and Ladakh, Ladakh, 9
Slide 15: Fast improving digital presence
Fast improving digital presence Credit Card Users Debit Card Users (in number) (In Lacs) 117847 120788 43.07 44.17 34.62 38.58 82327 78050 MAR-22 MAR-23 MAR-24 JUN-24 MAR-22 MAR-23 MAR-24 JUN-24 Internet Banking Users Mobile Banking Users (In Lacs) (In Lacs) 6.67 25.52 6.77 24.36 5.09 5.60 19.59 15.
Slide 16: Professionally managed Bank with experienced SMPs and Board Of Directors
Professionally managed Bank with experienced SMPs and Board Of Directors MR. BALDEV PRAKASH (MD & CEO ) MR. NABA KISHORE SAHOO •Over three decades with the country’s largest bank •Nearly 4 decades of experience and risen through the ranks •Multiple degrees and diplomas offered by the IIBF : CAIIB, D
Slide 17: 4 | Key Strategies
Strong Focus on Growth with Six Key Building Blocks 4 | Key Strategies 17
Slide 18: Key Strategies
Key Strategies Focus on improving asset quality and maintaining NPA levels and avoiding slippages Emphasis on retail, agriculture and MSME segment Increase CASA Deposit Base and reduce cost of funds Continue our investments in technology to support our digital banking and reduce the cost Expand beyo
Slide 19: 5 | Financial Performance
J&K Bank has demonstrated improvements on several of its Key Performance Indicators 5 | Financial Performance 19
Slide 20: Condensed Profit and Loss Account
Condensed Profit and Loss Account Q1 Q4 Q1 PARTICULARS FY 2023-2024 FY 2023-24 FY 2023-24 FY 2024-25 INTEREST EARNED 2,657.08 2,910.18 2,994.39 11,212.37 INTEREST EXPENDED 1,373.78 1,604.06 1,625.16 6,008.68 NET INTEREST INCOME 1,283.30 1,306.12 1,369.23 5,203.69 OTHER INCOME 228.27 224.56 194.10 82
Slide 21: Condensed Balance Sheet
Condensed Balance Sheet As on As on As on Particulars Jun 30, 2023 Mar 31, 2024 Jun 30, 2024 Capital & Liabilities Capital 103.16 110.13 110.13 Reserves and Surplus 10,166.52 12,125.55 12,615.82 Deposits 1,21,297.49 1,34,774.89 1,32,573.13 Borrowings 4,389.00 2,885.00 4,525.98 Other Liabilities and
Slide 22: Turnaround Story with Decadal High PCR and improvement in asset quality
Turnaround Story with Decadal High PCR and improvement in asset quality Gross & Net NPA (%) Provision Coverage Ratio (%) 8.67 91.58 91.57 6.04 GNPA 4.08 3.91 86.20 2.49 NNPA 84.26 1.62 0.79 0.77 Mar-22 Mar-23 Mar-24 Jun-24 Mar-22 Mar-23 Mar-24 Jun-24 CREDIT COST (%) 10.84 Gross Slippage Ratio (%) 0.
Slide 23: Key Ratios and Performance Indicators
Key Ratios and Performance Indicators Particulars Q1 FY2024 Q4 FY2024 Q1 FY2025 FY2024 Profitability Net Interest Margin (%) 3.98 3.77 3.86 3.92 Operating Profit (₹ crore) 528.05 663.83 594.67 2276.88 Profit after Tax (₹ crore) 326.45 638.67 415.49 1,767.27 Return on Assets (%) 0.94 1.69 1.08 1.22 C
Slide 24: Capital Adequacy Ratios
Capital Adequacy Ratios Particulars June 2023 March 2024 June 2024 Risk Weighted Assets: Credit Risk 69,628 82,325 83,920 Market Risk 1,655 1,807 1,505 Operational Risk 8,897 8,896 9,937 15.39 15.33 15.07 Total RWA 80,180 93,029 95,362 13.23 13.09 12.81 12.35 11.73 Tier I Capital Funds 9,519 12,181
Slide 25: Asset Quality | Categories of Advances
Asset Quality | Categories of Advances March 31, 2024 June 2024 Category Amount % of Gross Advances Amount % of Gross Advances Standard 93,026 95.92 94,722 96.09 Sub-Standard 427 0.44 407 0.41 Doubtful 2,750 2.84 2624 2.66 Loss 779 0.80 827 0.84 Gross Advances 96,982 100 98,580 100 % of Standard Spe
Slide 26: Asset Quality | Movement of Gross NPAs
Asset Quality | Movement of Gross NPAs Particulars Q1 FY 2024-2025 Q4 FY 2024 FY 2024 At a Gross NPA Level Opening Balance 3,956 4,526 5,204 Additions during the period 178 325 1,112 Upgradations during the period 94 171 903 Write off (including TWO) 15 520 530 Compromise/Settlements 39 32 83 Other
Slide 27: Sector-Wise Credit Deployment (As of June, 2024)
Sector-Wise Credit Deployment (As of June, 2024) Sector Gross Advances Exposure (%) Gross NPA GNPA % Personal Finance 37905.27 38.45 308.72 0.81 Trade 11507.91 11.67 818.17 7.11 Financial Markets 10936.19 11.09 625.23 5.72 Agriculture 9462.82 9.60 418.50 4.42 Services 9131.02 9.26 688.45 7.54 Manufa
Slide 28: 6 | Annexures
Serving To Empower 6 | Annexures 29
Slide 29: Gross Advances Mix
Gross Advances Mix Personal Finance Trade & Services Manufacturing Financial Markets Agriculture Others 88,402 86,156 82,035 79,113 98,580 96,982 86,156 10.7 % 11.8 % 75,242 9.6 % 11.6 % 9.7 % 13.4 % 11.0 % 11.6 % 11.1 % 11.5% 10.2% 7.8 % 9.2 % 5.9 % 9.0 % 8.5 % 20.9 % 20.9 % 20.9 % 23.8 % 37.20% 38
Slide 30: Consistently growing deposit base with best-in-class low-cost retail CASA
Consistently growing deposit base with best-in-class low-cost retail CASA 1,34,775 1,32,573 1,22,038 1,14,710 Mar-22 Mar-23 Mar-24 Jun-24 Term Deposits 49836 56020 66702 66592 Savings Deposits 50477 52025 53249 52325 Demand Deposits 14398 13993 14824 13655 72% CD Ratio 69.57% CASA Ratio 56.56% 50.51
Slide 31: Investments Profile
Investments Profile Category of Investments Total SLR Non-SLR Income SLR Income Non-SLR Yield Yield Investments Investments Investments Investments Investments Q1 FY25 FY2023-24 FY24 FY24 (%) (%) Government Securities 27458.49 27458.49 0.00 7.27 513.00 0 6.95 Treasury Bills 726.26 726.26 0.00 7.07 1
Slide 32: Investments Profile
Investments Profile 0.00 726.26 2% 1% 1% CATEGORY OF INVESTMENTS CP Others 0% Corporate 13% G Sec 4435.75 Bonds 81% 27% 4% T Bills 27458.49 2% 70% 48.24 1286.40 Held to Maturity Available for Sale 0.00 SLR INVESTMENTS NON-SLR INVESTMENTS Held For Trading FVTPL Government Securities Treasury Bills Co
Slide 33: Awards and Accolades
Awards and Accolades Second best award for J&K Bank MD Baldev Prakash Best MSME Bank at MSME promoting Government honoured with prestigious Banking Excellence Awards Schemes under ‘Private Bank’ Times Now India’s Impactful (2023) category at MSME Banking CEO – 2023 Award Excellence Awards (2023) Awa
Slide 34: Shareholding Information
Shareholding Information No. of Shares No. of Shares % to % to Change Particulars held as on Capital held as on Capital YoY Jun 30, 2024 Jun 30, 2023 Shareholding Pattern PROMOTERS as on Jun 30, 2024 65,40,98,280 59% 65,40,98,280 63% 0% 3% 4% RESIDENT INDIVIDUALS 23,98,42,135 22% 27,96,65,952 27% (-
Slide 35: Thank You
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Jammu & Kashmir Bank — Q1 FY2024-25 Earnings Presentation on 6ix