Karnataka Bank Q2 Results: Co reports slim rise in profit at Rs 336 crore on lower provisions

Lower provisions helped private sector Karnataka Bank to book a slim rise in net profit for the September quarter at Rs 336 crore as compared with Rs 330 crore in the year ago period.

Provision was sharply lower at Rs 31 crore against Rs 120 crore.

The pre-provision operating profit was about 11% lower at Rs 466 crore against Rs 522 crore as rise in expenditure was higher than rise in total income.


Total income for the quarter was Rs 238 crore higher at Rs 2504 crore Rs 2276 crore in the year ago period while total expenditure was Rs 290 crore higher at Rs 2044 crore against Rs 1754 crore.

The bank's gross non-performing assets fell to 3.21% at the end of September from 3.47% a year back. Net NPA was however higher at 1.46% from 1.36% over the same period.

"Karnataka Bank has demonstrated stable financial performance in Q2FY25 with improvement in book quality and growth in the retail segment that will be the focus going forward," managing director Srikrishnan H said.

The lender’s gross advances rose 12.5% year-on-year to Rs 75,316 crore with retail advances having risen 12.2%.

Aggregate deposits stood at Rs 99,968 crore, reflecting a 11.7% rise. Credit deposit ratio stood at 75.34 % against industry average of 77%.