AU Small Finance Bank Ltd Q1FY22 PAT climbs to Rs. 203.19 crore

AU Small Finance Bank Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1537.68 crores during the period ended June 30, 2021 as compared to Rs.1569.01 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.203.19 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.168.97 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.6.43 for the period ended June 30, 2021 as compared to Rs.5.45 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 1537.68 crs	₹ 1569.01 crs	-2%
Net Profit	₹ 203.19 crs	₹ 168.97 crs	20.25%
EPS	₹ 6.43	₹ 5.45	17.98%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1537.68 crores during the period ended June 30, 2021 as compared to Rs.1409.91 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.203.19 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.200.80 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.6.43 for the period ended June 30, 2021 as compared to Rs.6.52 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 1537.68 crs	₹ 1409.91 crs	9.06%
Net Profit	₹ 203.19 crs	₹ 200.80 crs	1.19%
EPS	₹ 6.43	₹ 6.52	-1.38%

Commenting on the performance, Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, "Q1'FY22 caught most of us by surprise with the onset of second wave. Amidst a challenging operating environment, our performance has been quite resilient and we remain thankful to the Government, regulators, customers and last but not the least our employees for their belief and support. Our deposits continue to become more granular, our digital journey is shaping up well, our GNPL was stable sequentially and we have strengthened our balance sheet by creating contingency buffers for any unforeseen risks to our business. We are quite excited about the recent launch of our Digital Banking app AU 0101, our newest asset product in Credit Cards and our Video Banking solutions. We will shortly be going live with our Brand campaign as we continue in our efforts to bring Badlaav."

Shares of AU Small Finance Bank Limited was last trading in BSE at Rs. 1240.85 as compared to the previous close of Rs. 1242.8. The total number of shares traded during the day was 150845 in over 3323 trades.

The stock hit an intraday high of Rs. 1258.3 and intraday low of 1220.9. The net turnover during the day was Rs. 186408879.

Source : Equity Bulls

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