Karur Vysya Bank shares rally 6% after Q2 profit jumps 37% YoY
Karur Vysya Bank shares rose sharply after the private sector lender reported a 37% year-on-year rise in Q2FY27 net profit to Rs 788 crore. Net interest income grew 19% to Rs 1,497.3 crore, while total business increased nearly 18% to Rs 2.40 lakh crore.
Karur Vysya Bank shares surged by 6% to reach an intraday high of Rs 364.70 on Friday, following the private sector lender's impressive Q2 results. The bank reported a 37% year-on-year increase in net profit, reaching Rs 788 crore, and a 19% rise in net interest income, amounting to Rs 1,497.3 crore. Over the quarter ending September 30, 2026, total business expanded by 17.96% year-on-year and 5.48% sequentially to Rs 2,39,712 crore.
Deposits grew by 15.96% year-on-year and 4.52% quarter-on-quarter, amounting to Rs 1,28,123 crore, while advances increased by 20.35% year-on-year and 6.60% quarter-on-quarter, reaching Rs 1,11,589 crore. The bank's current account and savings account deposits climbed 15.41% year-on-year and 4.40% quarter-on-quarter, pushing the CASA ratio to 27.52%.
Karur Vysya Bank's net interest margin improved by 28 basis points year-on-year to 4.34%. The lender's management stated that they would continue to prioritize balanced business growth, operational efficiency, customer-centricity, and disciplined risk management.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.