AU Small Finance Bank Ltd Q1FY21 net profit higher at Rs. 200.80 crore

AU Small Finance Bank Ltd has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.1409.91 crores during the period ended June 30, 2020 as compared to Rs.1366.59 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.200.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.122.32 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.6.52 for the period ended June 30, 2020 as compared to Rs.3.97 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 1409.91 crs	₹ 1366.59 crs	3.17%
Net Profit	₹ 200.80 crs	₹ 122.32 crs	64.16%
EPS	₹ 6.52	₹ 3.97	64.23%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.1409.91 crores during the period ended June 30, 2020 as compared to Rs.1168.33 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.200.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.190.32 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.6.52 for the period ended June 30, 2020 as compared to Rs.6.41 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 1409.91 crs	₹ 1168.33 crs	20.68%
Net Profit	₹ 200.80 crs	₹ 190.32 crs	5.51%
EPS	₹ 6.52	₹ 6.41	1.72%

Commenting on the performance, Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, "Bank continues to perform well enough on all metrics such as Deposit Growth, Extra Liquidity Buffers, Assets Quality, Digital Banking, Inclusive Banking, Customer Engagements and Employee Safety & Well-being resulting into a satisfactory quarter. In Q1FY21, our PAT grew by 48% with continuous declining trend in cost of funds.

Being in a very uncertain environment, bank made additional provisions to create extra buffer to build resilience, financial stability and to strengthen its Balance-sheet. During pandemic times, the bank wishes everyone very good health and better times ahead. Being into essential services, we are extremely committed to serve the nation and society with utmost dedication and agility."

Shares of AU Small Finance Bank Ltd was last trading in BSE at Rs.756.75 as compared to the previous close of Rs. 721.95. The total number of shares traded during the day was 35460 in over 2312 trades.

The stock hit an intraday high of Rs. 758 and intraday low of 723.9. The net turnover during the day was Rs. 26485936.

Source : Equity Bulls

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