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Karnataka Bank Q2 FY27 Share Price & Earnings Call Analysis

₹305.80-1.67% today
Market cap
₹11,566 Cr
P/E
8.05
ROE
10.35%
PEG
2.26
Price to sales
1.29
Debt to equity
8.63
52W high / low
₹343 / ₹174
Sales growth (5Y)
7.43%
EBITDA margin
68.49%
Net profit margin
14.69%
Sales (last year)
₹9,039 Cr

Karnataka Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.[1]

Guidance scorecard · Q2 FY27 call

What Karnataka Bank Ltd's management guided
and where it ranks in Banks

#25of 28 in
Banks
Revenue10–20%MarginsFlatCapexPlannedFundraisingNone plannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • The Bank aims for continuous growth in all areas, emphasizing retail, Agri, MSME (RAM) and mid-corporate segments.
  • Retail and MSME advances growing steadily (12% Y-o-Y for RAM; 15% for mid-corporate).
  • Focus on accelerating retail expansion via 31-32 new branches planned in FY27, with 12-13 branches opening in H1.
  • Strategic reduction of low-yield corporate exposure and bulk deposits to improve yields and margins.
  • Launch of new products (secured credit cards, online trading, advances against shares and mutual funds) underway to boost volumes and cross-selling.

2 more points from Karnataka Bank Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Karnataka Bank Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Karnataka Bank plans expansion by opening around 31 to 32 new branches in the current financial year, with 1 branch already opened and 12-13 branches planned before the end of H1 FY27.
  • The bank is progressing with digital transformation initiatives, including modular IT solutions, AI tools for improving internal efficiencies, and new product launches such as secured credit cards, online trading, and advances against shares and mutual funds.
  • Strategic partnerships are being formed, such as with self-help groups to expand agricultural lending and exploring electronic negotiable warehouse receipts for agri clusters.
  • Investment in product development is ongoing, including surrogate-based lending, digital document execution for vehicle loans, end-to-end digitization of MSME products, and virtual account facility development.

2 more points from Karnataka Bank Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

See what Karnataka Bank Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The Bank plans to open around 31 to 32 new branches in the current financial year; 1 branch opened already, with 12-13 more planned in H1.
  • Guidance anticipates 15% growth in business, with 10-15% growth in liabilities and 15-20% growth in advances.
  • The Bank continues focus on retail, Agri, MSME segments, and healthy growth in mid-corporate and bulk advances replacement with higher-yielding loans.
Full Q1 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. IDFC First BankGood growth
    3
See all potential multibaggersWhere does Karnataka Bank Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3IDFC First Bank20–40%Flat₹67,332 Cr29.9
420–40%Flat₹58,716 Cr49.8
520–40%Flat₹13,576 Cr9.4
620–40%Flat₹6,759 Cr8.6

Sign up free to see every company in the sector ranking and track Karnataka Bank Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of Karnataka Bank Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Karnataka Bank Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
FIIs +19.03%18.86%14.72%10.29%11.22%12.88%15.66%14.60%11.69%11.78%13.10%16.30%
DIIs +17.69%23.06%22.85%22.05%20.23%18.16%17.01%16.11%15.84%16.16%15.75%18.63%
Public +63.26%58.08%62.43%67.67%68.55%68.97%67.33%69.27%72.46%72.04%71.15%65.07%
No. of Shareholders2,67,6373,00,8723,43,7973,56,7743,74,5883,99,5694,04,4054,10,7904,10,5903,93,8413,74,5873,72,201

Financials of Karnataka Bank Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +2,0272,1132,2012,2782,2342,2432,2582,2612,1792,2202,2572,3832,504
Interest1,2041,2851,3671,3751,4011,4501,4781,5061,4511,4281,4141,4441,521
Expenses +670758938664674736865757652737717742685
Financing Profit15370-10423915957-84-27755126196297
Financing Margin %8%3%-5%11%7%3%-4%-0%4%2%6%8%12%
Other Income +250326419279270292428358343302399355290
Depreciation0000000000000
Profit before tax402396315518429349344356420357525552587
Tax %18%16%13%23%22%19%27%18%24%19%22%24%26%
Net Profit +330331274400336284252292319291408419436
EPS in Rs10.569.557.2710.618.907.506.687.748.447.6910.7911.0811.52
Gross NPA %3.47%3.64%3.53%3.54%3.21%3.11%3.08%3.46%3.33%3.32%2.78%2.58%2.27%
Net NPA %1.36%1.55%1.58%1.66%1.46%1.39%1.31%1.44%1.35%1.31%0.98%0.87%0.74%

Financials of Karnataka Bank Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +4,6984,9925,1855,4245,9066,4756,2326,2227,2208,2999,0148,9189,364
Interest3,5303,6893,6953,5664,0014,4444,0493,7314,0355,0005,7035,7995,808
Expenses +1,1311,2751,7822,4522,2452,7062,9022,6772,6502,9832,8542,7572,882
Financing Profit3827-292-594-340-676-719-186535316456362674
Financing Margin %1%1%-6%-11%-6%-10%-12%-3%7%4%5%4%7%
Other Income +5075438099541,0021,2621,4049549931,3191,2701,4031,347
Depreciation-14425050546474748672851060
Profit before tax5595284683106085226126951,4411,5631,6411,6582,021
Tax %19%21%3%-5%21%17%21%27%18%16%22%21%
Net Profit +4514154523264774324835091,1801,3061,2721,3101,554
EPS in Rs14.5213.3514.5510.4715.3513.8915.5216.3537.7934.6333.6734.6541.08
Dividend Payout %21%23%25%26%21%0%12%24%13%16%15%14%

Financials of Karnataka Bank Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital188188283283283311311311312377378378378
Reserves3,2013,5024,8605,1285,5035,6606,3316,7847,90110,47111,70712,84613,556
Deposits46,60950,48856,73362,87168,45271,78575,65580,38787,36897,988104,807108,779115,117
Borrowing4381,0518338163,3264,0651,7652,3141,5634,4001,9415,3295,464
Other Liabilities +1,4011,2701,3301,2761,4831,4931,5531,7891,9142,8482,1282,0242,070
Total Liabilities51,83756,50064,03970,37479,04683,31385,61591,58499,058116,085120,961129,357136,586
Fixed Assets +2923077217627758268388058469159761,0511,036
CWIP00000011329131490
Investments14,03216,25720,22015,44416,18517,54521,63522,04123,32624,30224,53726,73927,525
Other Assets +37,51339,93743,09854,16862,08664,94263,14268,72574,85790,85595,434101,558108,024
Total Assets51,83756,50064,03970,37479,04683,31385,61591,58499,058116,085120,961129,357136,586

Financials of Karnataka Bank Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +648636-184721-2,231-903,369-4671,830681-3211,100
Cash from Investing Activity +-80-58-40-91-68-56-87-56-87-369-161-88
Cash from Financing Activity +-291-147453-3032,307-545-885-355-201,582412-1,260
Net Cash Flow2774312293279-6902,396-8791,7231,894-70-248
Free Cash Flow568578-224630-2,299-1463,282-5231,743570-4821,012

Financials of Karnataka Bank Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %14%12%10%6%9%7%8%7%15%14%11%10%

Guidance history

How Karnataka Bank Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedNone planned—
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →10–20%Up 0–2%——Rising
Q2 FY26 call →10–20%Up 0–2%Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

81out of 100

Momentum score · price trend

81 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+69.5%89%
Last 6 months+15.9%72%
Last 3 months+11.5%82%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Karnataka Bank Ltd: 0.4 × 89 + 0.4 × 72 + 0.2 × 82 = 81.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Karnataka Bank Ltd's management said in earlier quarters

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