City Union Bank Ltd Q2FY22 net profit up at Rs. 182.09 crores

City Union Bank Limited has reported Standalone financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 1224.9408 crores during the period ended September 30, 2021 as compared to Rs. 1193.0811 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 182.0978 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 172.9940 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 2.43 for the period ended September 30, 2021 as compared to Rs. 2.31 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 1224.9408 crs	₹1193.0811 crs	2.67%
Net Profit	₹182.0978 crs	₹172.9940 crs	5.26%
EPS	₹2.43	₹2.31	5.19%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 1224.9408 crores during the period ended September 30, 2021 as compared to Rs.1230.2750 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.182.0978 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.157.6660 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.43 for the period ended September 30, 2021 as compared to Rs.2.12 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 1224.9408 crs	₹1230.2750 crs	-0.43%
Net Profit	₹182.0978 crs	₹157.6660 crs	15.50%
EPS	₹2.43	₹2.12	14.62%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.2418.0219 crores during the 6 Months period ended September 30, 2021 as compared to Rs.2440.2237 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.355.0918 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.311.7023 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.4.75 for the 6 Months period ended September 30, 2021 as compared to Rs.4.19 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹2418.0219 crs	₹2440.2237 crs	-0.91%
Net Profit	₹355.0918 crs	₹311.7023 crs	13.92%
EPS	₹4.75	₹4.19	13.37%

Asset Quality:

Asset Quality	Q2 FY2022	Q1 FY2022	Q2 FY2021
Gross NPA	₹ 2119.3424 crs	₹2035.3498 crs	₹1220.5812 crs
Gross NPA %	5.58%	5.59%	3.44%
Net NPA	₹1294.0525 crs	₹1242.1739 crs	₹631.4411 crs
Net NPA %	3.48%	3.49%	1.81%

Gross NPA was at ₹ 2119.3424 crs in Q2 FY2022 against ₹ 1220.5812 crs in Q2 FY2021. The same was at ₹ 2035.3498 crs in Q1 FY2022.

Net NPA was at ₹ 1294.0525 crs in Q2 FY2022 against ₹ 631.4411 crs in Q2 FY2021. The same was at ₹ 1242.1739 crs in Q1 FY2022.

GNPA was at 5.58% of Gross advances as on September 30, 2021 as compared to 3.44% as on September 30, 2020 and 5.59% as of June 30, 2021.

Net NPA was at 3.48% of Gross advances as on September 30, 2021 as compared to 1.81% as on September 30, 2020 and 3.49% as of June 30, 2021.

Ratios	Q2 FY2022	Q1 FY2022	Q2 FY2021
RoA %	1.32%	1.29%	1.23%
CAR (BASEL III) %	19.24%	19.58%	17.36%

Return on Average Assets (RoA) is at 1.32% for Q2 FY2022 against 1.29% in Q1 FY2022 and 1.23% in Q2 FY2021.

In Q2 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 19.24%, as compared to 19.58% in Q1 FY2022 and 17.36% in Q2 FY2021.

Shares of City Union Bank Limited was last trading in BSE at Rs. 156.15 as compared to the previous close of Rs. 156.55. The total number of shares traded during the day was 46969 in over 815 trades.

The stock hit an intraday high of Rs. 158.55 and intraday low of 155.10. The net turnover during the day was Rs. 7343056.00.

Source : Equity Bulls

Keywords

CityUnionBank Q2FY22 H1FY22 ResultUpdate CUB