JK bank has been showing healthy results since past many quarters. Asset quality has been improving q-on-q and ROA have been trending up. Management expects to exit FY 24 with ROA exceeding 1%, Gross NPA below 4.5% and Net NPA below 1%.
Looking at the results of first two quarters, above targets look achievable In the last concall management gave an aspirational target of net profit of 4000 crores by FY 28, which is nearly 3 times current annual profit levels.
Attached q2 fy 24 results press release has all the details .
disc: invested as a techno funda bet.
JK Bank q2 fy 24 press release.pdf (281.7 KB)
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