KARURVYSYA
Karur Vysya Bank share price & financials
- Price
- ₹309.8
- Market cap
- ₹32.8k Cr
- Sector
- Financial Services
- Calls analysed
- 8
Karur Vysya Bank Limited Q1 FY27
What went well
- Total business grew 6% QoQ and 16% YoY to INR 2,27,267 crores, driven by balanced growth in advances and deposits.
- Net Interest Margin (NIM) improved to 4.26%, 1 bps higher than the previous quarter, despite repo rate cuts.
- Net Profit increased 45% YoY and 4% QoQ to INR 756 crores.
What to watch
- Operating profit declined 12% sequentially to INR 1,096 crores, attributed to one-off items and higher opex due to AS 15.
- Non-interest income was down 28% sequentially to INR 442 crores, primarily due to lower core fee income and write-off recoveries.
What Karur Vysya Bank Limited does
Karur Vysya Bank Limited (KVB) is a commercial bank headquartered in Karur, Tamil Nadu, incorporated in 1916. It earns primarily by taking retail and bulk deposits (current, savings and term deposits) and deploying them as loans across four reported advance verticals under a RAM (Retail-Agriculture-MSME)-led growth strategy, alongside a corporate lending book. Retail lending covers housing, jewel, mortgage/loan-against-property, vehicle, personal, education and BNPL consumer-credit products, while commercial lending covers trade, NBFC and SME financing routed through a dedicated relationship-manager (RM) channel for small-ticket MSME loans. The bank also runs an investment/treasury book (government securities and other instruments) and earns fee-based other banking income alongside core interest income.
Segments
- Retail (Personal Banking)
- Agriculture
- Commercial
- Corporate
- Reported advance verticals
- 4 (Commercial, Retail/Personal Banking, Agriculture, Corporate) under a RAM-led growth strategy
- MSME Bank of the Year - Private (Winner)
- 12th Global SME Excellence Awards 2025-26, Assocham
- Best SME Lending (Runner-up)
- 12th Global SME Excellence Awards 2025-26, Assocham
- Institution vintage
- Incorporated in 1916
Guidance record · Q1 FY27
what the last two calls moved 23 tracked 8 delivered 2 missed 13 open- RoA delivered said Q2 FY25 Promised: above 1.65% Q1 FY27: Status confirmed, target period FY25 is complete.
- Investment Portfolio Yield Enhancement went quiet said Q4 FY26 Promised: 15 to 20 basis points Q1 FY27: The guidance on investment portfolio yield enhancement was not mentioned in the Q1 FY27 call.
- Overall Credit Growth on track said Q4 FY26 Promised: 1% or 2% over industry growth Q1 FY27: To sum up, our guidance for credit growth of 1% or 2% over the industry growth will continue for the rest of the quarters.
All 23 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 18.7%, net profit up 45.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,387 | 2,489 | 2,516 | 2,569 | 2,808 +18% | 2,794 +12% | 2,904 +15% | 3,049 +19% |
| Net profit | 474 | 496 | 513 | 521 | 574 +21% | 690 +39% | 725 +41% | 756 +45% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +61.7% 1Y
1Y: ₹206.49 on 10 Sept 2025 → ₹333.8. High ₹354.35 (26 Aug 2026), low ₹205.64 (26 Sept 2025).
How the price took the results
close before → close after
- Q1 FY27
- +0.6%
- 24 Jul
- Q4 FY26
- +2.7%
- 7 May
- Q3 FY26
- +0.7%
- 23 Jan
- Q2 FY26
- +0.4%
- 17 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 19.3% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹6.5k Cr | ₹8.2k Cr | ₹9.7k Cr | ₹11.1k Cr |
| Interest | ₹3.2k Cr | ₹4.4k Cr | ₹5.4k Cr | ₹6.1k Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹1.1k Cr | ₹1.6k Cr | ₹1.9k Cr | ₹2.5k Cr |
| Net margin | 17.0% | 19.6% | 20.1% | 22.7% |
| ROE | 14.0% | 17.0% | 18.0% | 19.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹160 Cr | ₹160 Cr | ₹160 Cr | ₹161 Cr | ₹193 Cr | ₹193 Cr |
| Reserves | ₹6.8k Cr | ₹7.4k Cr | ₹8.4k Cr | ₹9.9k Cr | ₹12.6k Cr | ₹13.9k Cr |
| Borrowings | ₹2.5k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹2.5k Cr | — | ₹2.6k Cr |
| Deposits | ₹63.3k Cr | ₹68.5k Cr | ₹76.6k Cr | ₹89.1k Cr | — | ₹115.7k Cr |
| Other liabilities | ₹1.9k Cr | ₹2.6k Cr | ₹3.5k Cr | ₹3.8k Cr | ₹4.3k Cr | ₹4.2k Cr |
| Total liabilities | ₹74.6k Cr | ₹80.1k Cr | ₹90.2k Cr | ₹105.5k Cr | ₹130.1k Cr | ₹136.6k Cr |
| Fixed assets | ₹518 Cr | ₹464 Cr | ₹418 Cr | ₹412 Cr | ₹512 Cr | ₹455 Cr |
| Capital work in progress | ₹21 Cr | ₹15 Cr | ₹17 Cr | ₹20 Cr | ₹0 Cr | ₹47 Cr |
| Investments | ₹16.0k Cr | ₹17.2k Cr | ₹18.8k Cr | ₹22.3k Cr | ₹27.8k Cr | ₹29.0k Cr |
| Other assets | ₹58.1k Cr | ₹62.4k Cr | ₹70.9k Cr | ₹82.7k Cr | ₹101.8k Cr | ₹107.1k Cr |
| Total assets | ₹74.6k Cr | ₹80.1k Cr | ₹90.2k Cr | ₹105.5k Cr | ₹130.1k Cr | ₹136.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −4.22 pp while FIIs added +2.51 pp. The shareholder count grew 9% to 2,75,908.
- Promoters
- 2.1%
- FIIs
- 17.9%
- DIIs
- 41.2%
- Government
- 0.0%
- Public
- 38.8%
Since Jun 2025
- Public −4.22 pp
- FIIs +2.51 pp
- DIIs +1.75 pp
How it drifted, 12 quarters
Over this window DIIs went from 32.3% to 41.2% — +8.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 2.2%, FIIs 18.1%, DIIs 32.3%, Government 0.0%, Public 47.4%.Dec '23: Promoters 2.2%, FIIs 15.6%, DIIs 35.2%, Government 0.0%, Public 47.0%.Mar '24: Promoters 2.2%, FIIs 15.4%, DIIs 36.2%, Government 0.0%, Public 46.2%.Jun '24: Promoters 2.1%, FIIs 15.1%, DIIs 35.7%, Public 47.1%.Sep '24: Promoters 2.1%, FIIs 15.1%, DIIs 37.0%, Public 45.8%.Dec '24: Promoters 2.1%, FIIs 14.8%, DIIs 38.5%, Public 44.6%.Mar '25: Promoters 2.1%, FIIs 15.1%, DIIs 38.9%, Government 0.0%, Public 43.9%.Jun '25: Promoters 2.1%, FIIs 15.4%, DIIs 39.5%, Government 0.0%, Public 43.0%.Sep '25: Promoters 2.1%, FIIs 15.8%, DIIs 40.0%, Government 0.0%, Public 42.1%.Dec '25: Promoters 2.1%, FIIs 16.9%, DIIs 40.2%, Government 0.0%, Public 40.8%.Mar '26: Promoters 2.1%, FIIs 19.3%, DIIs 39.3%, Government 0.0%, Public 39.4%.Jun '26: Promoters 2.1%, FIIs 17.9%, DIIs 41.2%, Government 0.0%, Public 38.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Axis Mutual Fund Trustee Limited Various Funds Mutual fund newly disclosed 2.61% held
- Inevsco India Smallcap Fund Mutual fund newly disclosed 1.41% held
- Baroda BNP Paribas Multi Cap Fund Mutual fund newly disclosed 1.04% held
- SBI Life Insurance Co. Ltd Insurer +0.44 pp 2.18% held
- Edelweiss Trusteeship Co Ltd Ac- (Various Funds) Mutual fund +0.28 pp 1.89% held
- Late M K Srinivasan newly disclosed 0.06% held
- Late A K Kasthuri newly disclosed 0.01% held
The same filing shows 3 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Karur Vysya Bank Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| HDFC Mutual Fund (Various Funds) Mutual fund | 7.42% | unchanged |
| Rekha Jhunjhunwala | 4.16% | unchanged |
| HSBC Mutual Fund (Various Funds) Mutual fund | 3.95% | −0.41 pp |
| Nippon Life India Trustee Ltd-A/C (Various Funds) Mutual fund | 3.53% | unchanged |
| Axis Mutual Fund Trustee Limited Various Funds Mutual fund | 2.61% | newly disclosed |
| SBI Life Insurance Co. Ltd Insurer | 2.18% | +0.44 pp |
| Edelweiss Trusteeship Co Ltd Ac- (Various Funds) Mutual fund | 1.89% | +0.28 pp |
| HDFC Life Insurance Company Limited Insurer | 1.68% | unchanged |
| Inevsco India Smallcap Fund Mutual fund | 1.41% | newly disclosed |
| Canara Robeco Mutual Fund A/C (Various Funds) Mutual fund | 1.21% | −0.23 pp |
| Bajaj Life Insurance Limited Insurer | 1.20% | unchanged |
| Axis Max Life Insurance Limited (Various Fund) Insurer | 1.17% | −0.24 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in KARURVYSYA
Filings to Aug 2026
0 new, 7 added, 2 trimmed, 0 sold out — net +0.70 L shares (+0.1%).
- Held by funds
- ₹1.8k Cr
- 11 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹1.1k Cr · 1.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹1.1k Cr | held | Feb '17 |
| HDFC ELSS Tax saver HDFC Mutual Fund | ₹205 Cr | held | Jan '24 |
| SBI ELSS Tax Saver Fund SBI Mutual Fund | ₹146 Cr | +0.07 L | Jul '26 |
| SBI Banking And Financial Services Fund SBI Mutual Fund | ₹124 Cr | +2.28 L | Jul '26 |
| HDFC Value Fund HDFC Mutual Fund | ₹89 Cr | −2.00 L | Nov '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹52 Cr | +0.18 L | Oct '20 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹27 Cr | +0.09 L | Oct '22 |
| Nippon India Nifty 500 Momentum 50 Index Fund Nippon India Mutual Fund | ₹18 Cr | +0.08 L | Dec '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
7 added, 2 trimmed — net +69,556 shares (+0.1%)
- Funds are sitting on
- +129%
- vs est. average cost
- Held by funds
- ₹1.8k Cr
- 11 schemes · ≈ 4.8% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹1.1k Cr · 1.3% of that fund
Shares held by these funds −52%
Aug '23 5.09 cr shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Karur Vysya Bank Limited
Guides on how to read this kind of business and the numbers that matter.