J&K Bank Q2 FY27 PAT rises 29% QoQ to ₹553 cr

Board clears Q2 and H1 FY27 integrated results

Jammu & Kashmir Bank Ltd said its Board of Directors approved the integrated financial results for the quarter and half year ended September 30, 2026. The approval came at a board meeting held on October 22, 2026. The bank said the financial statements were prepared in accordance with Accounting Standard 25. It also stated that the results comply with applicable banking regulations and RBI guidelines. The update places the September quarter numbers on record through the bank’s regulatory disclosures. For investors, the filing matters because it is the primary reference point for profitability and operating trends going into the second half of FY27.

Profit growth in Q2: stronger sequentially, steady YoY

For Q2 FY27, the bank reported consolidated profit after tax (PAT) of ₹552.70 crore. This was 11.7% higher year-on-year than ₹494.92 crore in Q2 FY26. The consolidated PAT was also 28.9% higher quarter-on-quarter versus ₹428.80 crore in Q1 FY27. The bank also disclosed standalone PAT of ₹546.36 crore, described as a near-identical read to the consolidated number. The company’s own framing suggests that the basis of consolidation does not materially change the quarter’s profit narrative. The key takeaway from the headline profit line is that earnings improved meaningfully from the previous quarter while staying on a steady growth path versus last year.

H1 FY27 profit disclosed in the results filing

Alongside the quarterly announcement, the bank’s disclosures also include a half-year profit figure. The standalone PAT for H1 FY27 was reported at ₹970.54 crore. This provides a cumulative view of earnings through the first two quarters of FY27. It also allows readers to compare the first-half run-rate with past annual outcomes where available in public disclosures. The bank did not, in the provided text, disclose a consolidated H1 PAT number in the same line that reported the consolidated Q2 PAT. As a result, the H1 figure used here is the standalone number explicitly stated in the bank’s documents.

Key operating lines shown in result snapshots

In the same set of result-related data points, interest earned is shown at ₹3,547 crore. The disclosure also shows 8.37% QoQ growth and 8.50% YoY growth for interest earned. A separate line item shows gross profit at ₹704 crore, as presented in the snapshot. These are the limited operating details explicitly provided alongside the earnings markers in the supplied text. While banks are typically judged on spreads and credit costs as well, those metrics are not provided in the material shared here. Investors therefore have to rely on the headline profit trend and the available top-line indicators from the snapshot.

What the quarterly results table shows on income and expenses

A quarterly results dashboard in the supplied text lists total income of ₹3,764.96 crore for the latest displayed quarter. It also lists total expenses of ₹1,095.46 crore and operating profit of ₹2,452.02 crore for the same period. The table further shows EBT of ₹704.83 crore, “profit and loss for the year” at ₹509.35 crore, and reported PAT of ₹425.32 crore.

The same table includes a sequence of total income values for earlier quarters: ₹3,535.79 crore, ₹3,596.86 crore, ₹3,450.26 crore, and ₹3,522.65 crore. Because the material provided does not clearly reconcile the “reported PAT” table values with the bank’s Q2 FY27 consolidated and standalone PAT figures, it is safest to treat these as separate dashboard line items from the same broader results ecosystem. The bank’s regulatory announcement explicitly highlights Q2 FY27 consolidated PAT of ₹552.70 crore and standalone PAT of ₹546.36 crore.

Snapshot table: numbers explicitly disclosed

Earlier context: FY25 profit, provisions, and dividend

The supplied material also includes an earlier results summary for Q4 FY25 and the full year FY25. In Q4 FY25, the bank reported net profit of ₹585 crore, a 9% decline from ₹640 crore in Q4 FY24. The text attributes the decline primarily to higher provisioning, reported at ₹58 crore, compared with a provision reversal of ₹47.4 crore in Q4 FY24. Despite the quarterly dip then, the bank reported FY25 net profit of ₹2,083 crore, up from ₹1,767 crore in FY24.

The same FY25 summary shows gross NPA at 3.37% in Q4 FY25 versus 4.08% in Q4 FY24. It also reports a final dividend of ₹2.15 per share for FY25, described as a 215% payout on face value of Re 1 per share. Separately, another line in the material states the bank “has declared a dividend of ₹2.15 on 19 Aug, 2025,” which aligns with the FY25 dividend figure referenced in the results synopsis.

Balance sheet scale: deposits and advances in FY25, advances in FY26

In the FY25 table included in the text, deposits are shown at ₹149,000 crore in FY25 versus ₹135,000 crore in FY24. Advances are shown at ₹104,000 crore in FY25 versus ₹94,000 crore in FY24. These figures are presented in the source as lakh crore and are converted here to a single unit of crore for consistency.

Separately, the directors’ report excerpt included in the material states that net advances stood at ₹122,641.01 crore as on March 31, 2026. It also states the yield on advances for FY 2025-26 was 8.98% and average priority sector advances were ₹43,602.91 crore. On the income side for FY 2025-26, the same excerpt reports interest income of ₹13,145.19 crore, interest expenditure of ₹7,269.42 crore, and net interest income (NII) of ₹5,875.77 crore.

Subsidiary performance disclosed: JKBFSL FY26

The directors’ report excerpt also includes a performance summary for JKBFSL. It reports total income of ₹19.93 crore in FY 2025-26 versus ₹19.18 crore in FY 2024-25, based on figures presented in lakh and converted to crore. It reports PBT of ₹5.69 crore and PAT of ₹4.10 crore for FY 2025-26. The same section lists revenue lines such as margin trading facility income of ₹4.93 crore, mutual fund distribution income of ₹2.87 crore, equity broking income of ₹8.60 crore, and depository income of ₹1.04 crore (all converted from lakh to crore). These disclosures help investors understand the scale of non-bank earnings within the broader group.

Market impact and what to track next

The most material market-facing datapoint in the Q2 update is the acceleration in profit on a sequential basis, with consolidated PAT rising 28.9% quarter-on-quarter. The interest earned figure of ₹3,547 crore, with high single-digit QoQ and YoY growth, indicates that core interest income momentum continued in the period covered by the snapshot. But the text provided does not include net interest margin, cost of funds, or detailed credit cost metrics for Q2, which are central to answering the “margins recovery” question directly.

What investors can track from here, using only confirmed disclosures, is the next set of filings that expand on spreads, asset quality movement, and provisioning trends. The bank’s own calendar markers in the supplied text show the last earnings date as July 29, 2026 (Q1 FY26-27) and the upcoming earnings date as October 22, 2026 (Q2 FY26-27), which corresponds to this board approval. The next comparable milestone will be the subsequent quarterly disclosure, where the same headline profit trend can be tested against the next quarter’s operating detail.

Conclusion

Jammu & Kashmir Bank’s October 22, 2026 board meeting formally approved its integrated results for Q2 and H1 FY27, highlighted by consolidated PAT of ₹552.70 crore and standalone PAT of ₹546.36 crore. The bank also disclosed H1 FY27 standalone PAT of ₹970.54 crore and interest earned of ₹3,547 crore in the results snapshot. Earlier disclosures show FY25 ended with ₹2,083 crore profit and a ₹2.15 per share dividend, alongside improved gross NPA compared with Q4 FY24. The next set of quarterly disclosures will be important for verifying whether profitability gains are supported by sustainable operating metrics within the bank’s RBI-compliant reporting framework.