The Jammu and Kashmir Bank Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported interest earned of INR 20,027.1 million against INR 16,829.7 million a year ago. Total income was INR 21,842.7 million against INR 17,907.7 million a year ago. Net profit was INR 1,037.5 million against INR 724.7 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.86 against INR 1.30 a year ago.

For the nine months, the company reported interest earned of INR 56,056.6 million against INR 50,297.2 million a year ago. Total income was INR 60,147.2 million against INR 53,527.6 million a year ago. Net profit was INR 2,500.9 million against INR 1,743.0 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 4.49 against basic and diluted earnings per share after extraordinary items of INR 3.13 a year ago.

The company is targeting a profit of INR 20,000 million in fiscal year 2022.