An important Indian banking organisation that has been in business since 1924 is called Karnataka Bank. The bank has built up a significant foothold in southern India over the years and has been progressively growing its activities throughout the rest of the nation. Investors are constantly trying to forecast how shares of Karnataka Bank will perform in the future, just like with any publicly traded business. This article will examine the potential influences on Karnataka Bank’s share price over the coming years and offer a price target range from 2023 to 2030. We may learn more about the possible course of Karnataka Bank’s share price and assist by doing research on the bank’s financial performance, market trends, and macroeconomic issues.
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KARNATAKA BANK Q4 EARNINGS
The fourth quarter of FY23 saw a significant increase in net profit for Mangalore-based private sector lender Karnataka Bank, which more than quadrupled to 353.75 crores on an annualized basis.
- In comparison to a profit of 130.35 crores in Q4FY22, the lender’s PAT increased by 171.38% in Q4FY23. In terms of sequence, the growth was 17.65%. Net interest income (NII), which is the difference between interest collected and spent, was 860.05 crores in the fourth quarter of fiscal year 23 — up 27.15% from NII of 656.49 crores in the fourth quarter of fiscal year 22.
- Provisions and contingencies increased by 164.06% from Q4FY22’s 95.91 crores to 253.26 crores in the reviewed quarter. They also increased by 53.61% from the quarter’s December 2022 provisions of 164.87 crore.
- Regarding asset quality, gross NPA was 3.74% in Q4FY23, up from 3.28% in Q3FY23 but down from Q4FY22’s 3.90%. Likewise, net NPA was 1.70 percent in Q4 FY23 compared to 2.4 percent in Q4 FY22 and 1.6 percent in Q3 FY23.
KARNATAKA BANK IN RECENT NEWS
- Srikrishnan Harihara Sarma, a seasoned banker, was named as the new managing director and managing director and CEO by Karnataka Bank. The lender is certain that Srikrishnan’s knowledge and vision will propel the bank to sustained development and achievement.
- The board members of the bank proposed that the shareholders at the annual general meeting approved a dividend of 5 per share (or 50%) from the net earnings for the fiscal year that ended on March 31, 2023.
- Karnataka Bank has been given a price target of Rs 192 along with a buy rating by Anand Rathi.
KARNATAKA BANK SHARE PRICE TARGET 2023
| KARNATAKA BANK SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| June 2023 | ₹170.85 | ₹99.88 |
| July 2023 | ₹160.82 | ₹119.86 |
| August 2023 | ₹171.40 | ₹131.85 |
| September 2023 | ₹179.97 | ₹138.44 |
| October 2023 | ₹171.40 | ₹131.85 |
| November 2023 | ₹188.54 | ₹145.03 |
| December 2023 | ₹211.17 | ₹162.44 |
In June, the share price target went back up with a maximum of ₹170.85 and a minimum of ₹99.88, indicating some recovery from the previous month’s decline. In July, the share price target continues to rise with a maximum of ₹160.82 and a minimum of ₹119.86. August sees further growth with a maximum of ₹171.40 and a minimum of ₹131.85. September’s share price target is the highest for the year, with a maximum of ₹179.97 and a minimum of ₹138.44. October’s target is slightly lower than September, with a maximum of ₹171.40 and a minimum of ₹131.85. Finally, November’s target is ₹188.54 at the maximum end and ₹145.03 at the minimum end, and December’s target is the highest for the year with a maximum of ₹211.17 and a minimum of ₹162.44.
KARNATAKA BANK SHARE PRICE TARGET 2024
| KARNATAKA BANK SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹222.28 | 1037.03 |
| February 2024 | ₹249.75 | ₹208.13 |
| March 2024 | ₹262.90 | ₹213.74 |
| April 2024 | ₹239.00 | ₹183.85 |
| May 2024 | ₹199.17 | ₹153.20 |
| June 2024 | ₹239.00 | ₹183.85 |
| July 2024 | ₹203.15 | ₹157.48 |
| August 2024 | ₹223.46 | ₹177.35 |
| September 2024 | ₹234.64 | ₹180.49 |
| October 2024 | ₹276.04 | ₹212.34 |
| November 2024 | ₹289.85 | ₹222.96 |
| December 2024 | ₹295.64 | ₹227.42 |
The maximum share price target for the year is ₹295.64 in December, while the minimum is ₹153.20 in May. Overall, the share price is expected to experience a gradual increase through the year, with a few fluctuations along the way. February sees a significant increase in the share price target compared to the previous month, with a maximum of ₹249.75 and a minimum of ₹208.13. However, April sees a slight dip, with a maximum of ₹239.00 and a minimum of ₹183.85. July sees a similar trend, with a maximum of ₹203.15 and a minimum of ₹157.48. The share price target picks up again in October, with a maximum of ₹276.04 and a minimum of ₹212.34, followed by November with a maximum of ₹289.85 and a minimum of ₹222.96.
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KARNATAKA BANK SHARE PRICE TARGET 2025
| KARNATAKA BANK SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹301.56 | ₹231.97 |
| February 2025 | ₹317.43 | ₹244.18 |
| March 2025 | ₹333.30 | ₹256.38 |
| April 2025 | ₹297.59 | ₹228.91 |
| May 2025 | ₹270.53 | ₹208.10 |
| June 2025 | ₹297.59 | ₹228.91 |
| July 2025 | ₹283.42 | ₹218.01 |
| August 2025 | ₹295.23 | ₹227.10 |
| September 2025 | ₹309.99 | ₹238.45 |
| October 2025 | ₹328.59 | ₹252.76 |
| November 2025 | ₹351.59 | ₹270.45 |
| December 2025 | ₹358.62 | ₹275.86 |
The maximum share price target for the year is ₹358.62 in December, while the minimum is ₹208.10 in May. Overall, the share price is expected to experience a gradual increase throughout the year, with a few fluctuations along the way. February sees a significant increase in the share price target compared to the previous month, with a maximum of ₹317.43 and a minimum of ₹244.18. The trend continues in March with a maximum of ₹333.30 and a minimum of ₹256.38. However, April sees a slight dip, with a maximum of ₹297.59 and a minimum of ₹228.91. The share price target picks up again in October, with a maximum of ₹328.59 and a minimum of ₹252.76, followed by November with a maximum of ₹351.59 and a minimum of ₹270.45.
KARNATAKA BANK SHARE PRICE TARGET 2026 TO 2030
| KARNATAKA BANK SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹251.03 | ₹175.72 |
| 2027 | ₹213.38 | ₹149.37 |
| 2028 | ₹384.08 | ₹268.86 |
| 2029 | ₹788.96 | ₹552.27 |
| 2030 | ₹878.62 | ₹615.03 |
According to the data provided, Karnataka Bank’s share price target for the year 2026 is expected to be in the range of ₹251.03 at the highest and ₹175.72 at the lowest. Similarly, for 2027, the maximum target is ₹213.38, and the minimum target is ₹149.37. The year 2028 is projected to be a significant growth year for Karnataka Bank, with a maximum target of ₹384.08 and a minimum target of ₹268.86. The trend continues in 2029, with a maximum target of ₹788.96 and a minimum target of ₹552.27. Finally, for 2030, the maximum target is expected to be ₹878.62, while the minimum target is predicted to be ₹615.03.
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FINANCIAL STRENGTH OF KARNATAKA BANK LTD (2021- 2022)
| ANNUAL | FY 2022 | FY 2021 |
| Total Income | 7,175.54 | 7,727.48 |
| Total Income Growth (%) | -7.14 | -0.12 |
| Provisions & Contingencies | 1,125.38 | 1,516.57 |
| Provisions & Contingencies Growth (%) | -25.79 | 23.80 |
| Profit after Tax (PAT) | 507.99 | 482.46 |
| PAT Growth (%) | 5.29 | 11.74 |
| Net Interest Margin (%) | 2.70 | 2.55 |
| Net Profit Margin (%) | 8.16 | 7.74 |
| Basic EPS (₹) | 16.36 | 15.52 |
The financial statement of Karnataka Bank over the past five years indicates fluctuations in its growth. In FY 2021, the total income was 7,727.48 crore, and it decreased by 7.14% to 7,175.54 crore in FY 2022. The company faced a decline in its revenue growth of 0.12% in FY 2021. However, there was a 5.29% growth in the Profit After Tax (PAT) from 482.46 crore in FY 2021 to 507.99 crore in FY 2022. The company’s provisions and contingencies decreased by 25.79% from 1,516.57 crore in FY 2021 to 1,125.38 crore in FY 2022, indicating an improvement in the loss ratio. The Net Interest Margin (NIM) of the bank increased from 2.55% in FY 2021 to 2.70% in FY 2022, while the Net Profit Margin (NPM) increased from 7.74% in FY 2021 to 8.16% in FY 2022.The company’s profit growth witnessed a positive trajectory, while the revenue growth faced some challenges.
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FAQ’s
What is the maximum share price target of Karnataka Bank in 2026?
The maximum share price target of Karnataka Bank in 2026 is Rs. 251.03
What is the maximum share price target of Karnataka Bank in 2027?
The maximum share price target of Karnataka Bank in 2027 is Rs. 213.38
What is the maximum share price target of Karnataka Bank in 2028?
The maximum share price target of Karnataka Bank in 2028 is Rs. 384.08
What is the maximum share price target of Karnataka Bank in 2029?
The maximum share price target of Karnataka Bank in 2029 is Rs. 788.96
What is the maximum share price target of Karnataka Bank in 2030?
The maximum share price target of Karnataka Bank in 2030 is Rs. 878.62
CONCLUSION: KARNATAKA BANK SHARE PRICE TARGET
According to the financial statements for the previous five years, the growth percentages of Karnataka Bank’s total income from FY 2021 to FY 2022 and its provisions and contingencies growth percentage both decreased. The bank has, nonetheless, been able to raise PAT and basic EPS, demonstrating a profitable growth trend. The net profit and interest margins have also increased, demonstrating efficient resource management. The bank’s financials show stability and room for expansion overall. Nonetheless, it is crucial to take into account a number of additional considerations before making any investment decisions, including market conditions, rivalry, and general economic trends. Investors are therefore encouraged to do extensive research and consult financial experts before purchasing shares of Karnataka Bank.
