Karur Vysya Bank Results Analysis-Q3FY26

Interest Earned for Q3FY26 is Rs. 2,794 Crs., 12.28% growth YoY, Net Interest Income is Rs. 1,239 Crs, 14.6% growth YoY, Total Net Income is Rs. 1,748 Crs., 13% growth YoY, Pre-Provisioning Operating Profit is Rs. 1,005 Crs., 23.32% growth YoY, PBT is Rs. 901 Crs., 34.85% growth YoY, Net profit is Rs. 690 Crs., 39.1% growth YoY (which includes 1.64 Cr. one-time impact of New Labour Code). For Q3FY26 Gross NPA 0.71% vs 0.83% in Q3FY25, Net NPA 0.19% vs 0.20% in Q3FY25. Return on Assets is 2.05% improved by 31 BPS on YoY and 24 BPS on QoQ basis, Return on Equity is 20.48% improved by 306 BPS on YoY and 254 BPS on QoQ basis, Closing Business as on Q3FY26 is Rs. 2,11,647 Crs., 16% growth YoY. On QoQ basis Interest Earned growth is flat to negative, Net Interest Income has grown Negatively by 1.74%, Total Net Income growth is Negative by 1.44%, Pre-Provisioning Operating Profit has grown Negatively by 1.2% (Sequentially lower only due to Q2 one-off interest recovery of INR 139 cr), But PBT grown by 21.21% and PAT also grown by 20.21% (which includes 1.64 Cr. one-time impact of New Labour Code). Management reaffirmed guidance for FY2026: • Credit growth: above industry growth +2% • NIM: 3.9%–3.95% (full-year) • ROA: >1.85% • GNPA: <1.5%, NNPA <1%