The share price of the small-cap bank rose around 10.2 to hit its 52-week high of ₹187.60 per share from its previous close of ₹169.80 on Tuesday after the company announced its financial result and investor presentation.
According to the exchange filing, Karur Vysya Bank has announced its quarterly result and the investor presentation on 23, January 2024.
Looking at their financials, their net revenue increased by 26% YoY from ₹1,695 to ₹2,139, and in QoQ, net revenue increased by 7% from ₹1,997 to its current level.
The bank’s net profit increased by 42% YoY from ₹289 to ₹412, and in QoQ, their net profit rose by 8.9% from ₹378 to its current level.
In the key highlights of the quarter, their advance rose by 17% YoY, Deposits increased 13% YoY, CASA rose by 5% YoY and their Net interest margin increased by 9bps YoY.
With a market capitalization of ₹14,900 Crores, it is a small cap, the share price of the bank rose by 43% in the last six months and 71% in the last year.
Karur Vysya Bank has a low price-to-earnings ratio of 9.9 compared to its competitors, with a return on equity of 13% and a net profit margin of 17%.
The promoter owns 2.24% of the stock, while the general public owns 49.34%, foreign institutional investors own 18.09%, and domestic institutional investors own 30.34%.
Karur Vysya Bank Limited (the Bank) is an Indian banking company. The Bank offers a wide range of banking and financial services, including commercial and treasury operations. Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations are some of its business segments.
Written by Sriram KV
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