Authored by : ET Now Digital Updated May 4, 2024 | 08:45 PM IST Photo : ET Now Digital J&K Bank Q4 2024 results.
J&K Bank has announced a dividend of Rs 2.15 per equity (215%) for the financial year ended March 31, 2024 in the board meeting held on May 04, 2024.
"... the Board of Directors in their meeting held today i.e., 04th May, 2024 has recommended a dividend of Rs.
J&K bank share price J&K bank stock settled at Rs 139.25 apiece with a gain of 43 per cent on BSE, May 04, against the previous day close at Rs 138.65 apiece.
The stock's 52-week movement indicates a high of Rs 152.45 apiece and a low of Rs 53.05 apiece.
Authored by : ET Now Digital Updated May 4, 2024 | 08:45 PM IST Photo : ET Now Digital J&K Bank Q4 2024 results.
J&K Bank has announced a dividend of Rs 2.15 per equity (215%) for the financial year ended March 31, 2024 in the board meeting held on May 04, 2024.
"... the Board of Directors in their meeting held today i.e., 04th May, 2024 has recommended a dividend of Rs. 2.15 per equity share of Re. 1/- each fully paid up (215%) for the financial year ended March 31, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting (“AGM”) of the Bank," J&K Bank said in the BSE exchange filing.
J&K bank share price J&K bank stock settled at Rs 139.25 apiece with a gain of 43 per cent on BSE, May 04, against the previous day close at Rs 138.65 apiece. The stock's 52-week movement indicates a high of Rs 152.45 apiece and a low of Rs 53.05 apiece. The Bank boasts a market cap of Rs 15,333 crore, with PE ratio of 9.56.
J&K bank Q4 2024 results highlights J&K Bank's net profit grew by 48 per cent at Rs 1,767 crore for the financial year 2023-24, versus the previous high of Rs 1,197 crore in FY23.
The Bank’s net profit for the Q4FY23-24 also rose by 34% to Rs 638.67 Cr when compared to Rs
476.33 Cr recorded last financial year.
The Bank’s total revenue grew by 19% to cross the Rs 12000 Cr mark while as the net interest margin (NIM) stood at 3.92%. Bank’s Yield on Advances rose annually to 9.54% from 8.91%, while as the Return on Assets (RoA) reached quite healthy levels at 1.22% - crossing the 1% barrier after a decade - as against 0.89% recorded last fiscal.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
