NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
The weak Q4 operating performance stemmed from Karnataka Bank Ltd.'s lower net interest margin and higher opex, as also seen in Q3. However, lower provisions and taxes aided profitability, with return on asset at 0.96% (down 25 basis points).
Asset quality remained under pressure. Ahead, with credit growth likely in mid-teens and modest credit costs, earnings would be good, with the RoA likely sustaining above 1%.
We maintain a Buy, with a lower 12-month target price of Rs 298, 0.9 times price/book value on its FY26E book.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
