Karur Vysya Bank announced Q2FY27 results Financial Highlights: Total Income: The Bank reported a Total Income of Rs 3,67,021 lakh in Q2FY27, representing a QoQ growth of 5.13% from Rs 3,49,121 lakh in Q1FY27 and a YoY growth of 10.53% from Rs 3,32,029 lakh in Q2FY26. The Total Income for FY26 stood at Rs 13,15,867 lakh. Operating Profit: The Operating Profit (before provisions and contingencies) for Q2FY27 was Rs 1,16,220 lakh, reflecting a QoQ increase of 6.08% compared to Rs 1,09,560 lakh in Q1FY27, and a YoY increase of 14.23% against Rs 1,01,738 lakh in Q2FY26. The Operating Profit for FY26 was Rs 4,07,498 lakh. Net Profit: The Net Profit for the period was Rs 78,769 lakh in Q2FY27, showing a QoQ growth of 4.23% from Rs 75,570 lakh in Q1FY27, and a robust YoY surge of 37.23% compared to Rs 57,396 lakh in Q2FY26. The Net Profit for FY26 amounted to Rs 2,51,033 lakh. Segment-wise Performance: Treasury: Segment revenue for Q2FY27 was Rs 56,656 lakh, reflecting a slight QoQ growth of 0.43% from Rs 56,411 lakh in Q1FY27 and a YoY growth of 15.60% from Rs 49,009 lakh in Q2FY26. Segment results (profit before tax and unallocated) stood at Rs 15,341 lakh in Q2FY27. Corporate / Wholesale Banking: Segment revenue for Q2FY27 came in at Rs 70,484 lakh, registering a QoQ growth of 9.05% from Rs 64,629 lakh in Q1FY27 and a YoY growth of 18.89% from Rs 59,283 lakh in Q2FY26. Segment results stood at Rs 24,591 lakh in Q2FY27. Retail Banking: Segment revenue for Q2FY27 was Rs 2,33,433 lakh, reflecting a QoQ growth of 3.69% from Rs 2,25,113 lakh in Q1FY27 and a YoY increase of 6.31% from Rs 2,19,577 lakh in Q2FY26. Segment results stood at Rs 79,477 lakh in Q2FY27. Other Banking Operations: Segment revenue for Q2FY27 was Rs 6,448 lakh, showing a significant QoQ growth of 117.25% from Rs 2,968 lakh in Q1FY27 and a YoY growth of 55.00% from Rs 4,160 lakh in Q2FY26. Segment results stood at Rs 5,221 lakh in Q2FY27. Business Highlights: Asset Quality: Gross NPA: The Gross NPA ratio improved to 0.69% in Q2FY27, down from 0.74% in Q1FY27 and 0.76% in Q2FY26. In absolute terms, Gross NPA was Rs 76,544 lakh in Q2FY27. Net NPA: The Net NPA ratio stood at 0.18% in Q2FY27, compared to 0.19% in Q1FY27 and 0.19% in Q2FY26. In absolute terms, Net NPA was Rs 19,863 lakh in Q2FY27. Provision Coverage Ratio (PCR): The Provision Coverage Ratio calculated as per RBI guidelines stood at an impressive 96.13% as of September 30, 2026. Capital Adequacy: The Capital Adequacy Ratio (Basel III) stood at a healthy 17.97% in Q2FY27, compared to 18.61% in Q1FY27 and 16.58% in Q2FY26. Return on Asset: The annualized Return on Asset for Q2FY27 stood at 2.10%, up from 2.11% in Q1FY27 and notably higher than the 1.81% recorded in Q2FY26. Floating Provision: In accordance with the Accounting and Provisioning policy, the Bank created a floating provision of Rs 2,500 lakh during Q2FY27, which is considered as part of Tier II capital. Equity Share Allotment: During Q2FY27, the Bank allotted 44,660 equity shares of face value Rs 2/- each pursuant to the exercise of stock options by employees. Ramesh Babu B, Managing Director & CEO, The Karur Vysya Bank, said: We are pleased to report that our key performance indicators are broadly in line with the guidance shared earlier. The business growth has been balanced and broad-based, with sustained performance across our three key priorities: growth, profitability, and asset quality. This reflects the continued strength and resilience of our operating performance since the year's outset. The bank’s total business reached Rs 2,39,712 crore, reflecting our continued growth momentum in the second, with an overall business increase of 5% (QoQ) and a year-onyear growth of 18%. Our Advances stood at Rs 1,11,589 crore, representing a growth of 7% (QoQ), while deposits increased to Rs 1,28,123 crore, achieving a (QoQ) growth rate of 4%. Building on its strong performance, the Bank recorded its highest profit of Rs.788 crore. While we remain mindful of the evolving operating environment, our focus remains steady on prudent calibrated growth, operational efficiency, customer centricity, and disciplined risk management. This approach gives us confidence in delivering sustainable value to all stakeholders. Result PDF
Conference Call with Karur Vysya Bank Management and Analysts on Q1FY27 Performance and Outlook. Listen to the full earnings transcript.
Karur Vysya Bank announced Q1FY27 results Financial Highlights: Total Income: The bank reported a total income of Rs 3,49,121 lakh for Q1FY27, representing a YoY increase of 15.76% from Rs 3,01,580 lakh in Q1FY26 and a slight QoQ decline of 0.80% compared to Rs 3,51,945 lakh in Q4FY26. Interest Earned: For Q1FY27, interest earned stood at Rs 3,04,942 lakh, marking a growth of 18.72% YoY from Rs 2,56,855 lakh in Q1FY26 and an increase of 5.02% QoQ from Rs 2,90,365 lakh in Q4FY26. Other Income: Other income was recorded at Rs 44,179 lakh in Q1FY27, reflecting a YoY decrease of 1.22% from Rs 44,725 lakh in Q1FY26 and a QoQ decline of 28.26% from Rs 61,580 lakh in Q4FY26. Operating Profit: The bank achieved an operating profit of Rs 1,09,560 lakh in Q1FY27, up 36.01% YoY from Rs 80,550 lakh in Q1FY26, while showing a QoQ decrease of 12.13% from Rs 1,24,676 lakh in Q4FY26. Net Profit: Net profit for Q1FY27 reached Rs 75,570 lakh, exhibiting a significant YoY growth of 44.92% compared to Rs 52,145 lakh in Q1FY26 and a QoQ growth of 4.24% from Rs 72,496 lakh in Q4FY26. Earnings Per Share (EPS): Basic EPS for Q1FY27 stood at Rs 7.82, compared to Rs 5.40 in Q1FY26 and Rs 7.50 in Q4FY26. Profit Margins: The net profit margin was 9.35% in Q1FY27, an increase from 7.96% in Q1FY26, but lower than 12.20% in Q4FY26. Operating margin stood at 15.38% in Q1FY27, compared to 15.98% in Q1FY26 and 15.69% in Q4FY26. Business Highlights: Asset Quality: Gross Non-Performing Assets (GNPA) were reported at Rs 77,189 lakh (0.74%) in Q1FY27, compared to Rs 59,260 lakh (0.66%) in Q1FY26 and Rs 74,391 lakh (0.75%) in Q4FY26. Net NPA stood at Rs 19,576 lakh (0.19%) in Q1FY27, versus Rs 17,026 lakh (0.19%) in Q1FY26 and Rs 18,621 lakh (0.19%) in Q4FY26. Provisions: Provisions (other than tax) and contingencies for Q1FY27 were Rs 9,029 lakh, a YoY decrease of 23.57% from Rs 11,814 lakh in Q1FY26 and a significant QoQ decrease of 64.96% from Rs 25,766 lakh in Q4FY26. Capital Adequacy: The Capital Adequacy Ratio (Basel III) for Q1FY27 was 18.61%, compared to 17.36% in Q1FY26 and 18.76% in Q4FY26. Return on Assets: Annualised return on assets improved to 2.11% in Q1FY27 from 1.73% in Q1FY26 and 2.10% in Q4FY26. Provision Coverage Ratio: The Provision Coverage Ratio (PCR) as of June 30, 2026, was 96.21%, compared to 96.76% in the corresponding period of the previous year. Deposits and Advances: As of Q1FY27, the bank's total deposits reached Rs 1,47,12,958 lakh, a YoY growth of 12.16% from Rs 1,31,18,169 lakh in Q1FY26. Net advances grew by 20.28% YoY to Rs 1,17,41,937 lakh in Q1FY27 from Rs 97,62,216 lakh in Q1FY26. Co-Lending Arrangements (CLAs): As of Q1FY27, the bank had 9 CLA partners with an aggregate principal of Rs 1,02,195 lakh across 70,38,402 outstanding cases. The weighted average rate of interest on these loans was 18.56%. Project Finance: Total outstanding project finance under implementation was Rs 1,55,707 lakh as of June 30, 2026. Segment-wise Performance: Retail Banking: This segment contributed the highest revenue of Rs 2,25,113 lakh in Q1FY27, representing a YoY growth of 16.32% from Rs 1,93,529 lakh in Q1FY26 and 1.72% QoQ growth from Rs 2,21,301 lakh in Q4FY26. Wholesale Banking: Generated revenue of Rs 64,629 lakh in Q1FY27, marking an increase of 23.41% YoY from Rs 52,370 lakh in Q1FY26 and 2.56% QoQ growth from Rs 63,014 lakh in Q4FY26. Treasury: Revenue for Q1FY27 stood at Rs 56,411 lakh, up 7.72% YoY from Rs 52,366 lakh in Q1FY26, though it saw a QoQ decline of 3.51% from Rs 58,465 lakh in Q4FY26. Other Banking Operations: Revenue for the quarter was Rs 2,968 lakh. Result PDF
