Karur Vysya Bank Shows Positive Performance in Q4 2024, But Some Areas Need Improvement

Karur Vysya Bank, a midcap private bank, has recently declared its financial results for the quarter ended March 2024. According to the latest report, the bank has shown positive performance in terms of gross NPA, interest earned, and profit after tax (PAT). The gross NPA has decreased to 1.40% and has been falling each quarter in the last five quarters, indicating a decrease in the proportion of stressed loans given by the bank. The interest earned has also shown a positive trend, with the highest amount of Rs 2,184.57 crore and growth in each quarter in the last five quarters. Similarly, the PAT has also increased to Rs 456.10 crore, showing a growth of 22.7% over the average PAT of the previous four quarters.

However, there are some areas where Karur Vysya Bank needs to improve. The profit before tax less other income (PBT) has fallen to -140.8% over the average PBT of the previous four quarters, indicating a negative trend. The operating profit margin has also decreased to 10.90%, showing a decline in the company's efficiency. The non-operating income is also high, which may not be a sustainable business model for the bank.

Overall, Karur Vysya Bank has shown positive financial performance in the quarter ended March 2024. However, there are some areas that need improvement, and investors are advised to hold their stocks, according to MarketsMOJO. With a midcap size, Karur Vysya Bank has the potential to grow in the future, but it is important to keep an eye on its financial performance in the coming quarters.