2025-04-14 15:08:55
Latest Post
IPO-bound Belrise Industries Ltd completes strategic acquisition of H-One India Private Limited
Mitsu Chem Plast Eyes ₹ 1,000 Cr Revenue by 2028
Aurobindo Pharma receives final ANDA approval for Rivaroxaban Tablets USP, 2.5mg
NHPC Ltd commissions commercial operation of 107.14 MW of 300 MW Karnisar Solar Power Plant
Nureca Limited's Manufacturing Subsidiary Secures US FDA Registration
Stock Report
CSB Bank Ltd Q1FY22 net profit rises to Rs. 61 crore
Posted On : 2021-07-22 14:16:34( TIMEZONE : IST )
CSB Bank Ltd has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY2021-22) - QoQ Comparison
The company has reported total income of Rs.571.53 crores during the period ended June 30, 2021 as compared to Rs.609.45 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.61 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.42.89 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.3.52 for the period ended June 30, 2021 as compared to Rs.2.47 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY2020-21 | % Change |
| Total Income | ₹ 571.53 crs | ₹ 609.45 crs |  -6.22% |
| Net Profit | ₹ 61 crs | ₹ 42.89 crs |  42.22% |
| EPS | ₹ 3.52 | ₹ 2.47 | 42.51% |
Financial Results (Q1 FY2021-22) - YoY Comparison
The company has reported total income of Rs.571.53 crores during the period ended June 30, 2021 as compared to Rs.496.88 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.61 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.53.56 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.3.52 for the period ended June 30, 2021 as compared to Rs.3.08 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 571.53 crs | ₹ 496.88 crs | 15.02% |
| Net Profit | ₹ 61 crs | ₹ 53.56 crs | 13.89% |
| EPS | ₹ 3.52 | ₹ 3.08 | 14.29% |
Speaking about the performance Mr. C VR Rajendran, Managing Director & CEO said, "COVID second wave coupled with the LTV management of gold loans did pose some challenges in the first quarter of FY 22. Lockdowns, alternate holidays, slowing down of the economic activity, controlled movements due to strict social distancing norms, lack of transport etc restricted the customer access to branches which in turn impacted both the fresh pledges and releases. Thankfully, the worse seems to be over now and recoveries are happening in full swing. The portfolio LTV that was at 83% has been brought down to 75%. We hardly have any MTM loss on the portfolio as on date. Despite all the adversities we had a decent start in the first quarter in terms of profitability. Bank has continued to make accelerated provisions for stressed and NPA Accounts. The key ratios like NIM, CRAR, LCR, RoA etc continues to be strong. We are confident of managing the NPAs as the challenges are mainly from the gold segment where recovery is only a matter of time. Stable gold market trends and the centralization of recovery processes at our end will mitigate this adverse situation to a large extent. The aggressive vaccination push and controlled localised lockdowns have helped in managing the second wave to a great extent and we are optimistic to catch up the business opportunities on a larger scale from this quarter. Gold loans will continue to be a major focus for the bank. Once the demand comes back, the segments like Two-wheeler, MSME, SME etc, which were struggling to shape up in the first quarter, will have good demand and we look forward to capturing the same in the best possible manner."
