Bandhan Bank posts net profit of Rs. 858.97 crores in Q3FY22

Bandhan Bank Limited has reported Standalone financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 4120.9491 crores during the period ended December 31, 2021 as compared to Rs. 3708.0767 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 858.9701 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. -3008.5996 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 5.33 for the period ended December 31, 2021 as compared to Rs. -18.68 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 4120.9491 crs	₹3708.0767 crs	11.13%
Net Profit	₹858.9701 crs	₹-3008.5996 crs	128.55%
EPS	₹5.33	₹-18.68	128.53%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 4120.9491 crores during the period ended December 31, 2021 as compared to Rs.3870.1678 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.858.9701 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.632.5916 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.5.33 for the period ended December 31, 2021 as compared to Rs.3.92 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 4120.9491 crs	₹3870.1678 crs	6.48%
Net Profit	₹858.9701 crs	₹632.5916 crs	35.79%
EPS	₹5.33	₹3.92	35.97%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.11857.9756 crores during the 9 Months period ended December 31, 2021 as compared to Rs.10845.3602 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.-1776.5480 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.2102.4245 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.-11.03 for the 9 Months period ended December 31, 2021 as compared to Rs.13.05 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹11857.9756 crs	₹10845.3602 crs	9.34%
Net Profit	₹-1776.5480 crs	₹2102.4245 crs	-184.50%
EPS	₹-11.03	₹13.05	-184.52%

Asset Quality:

Asset Quality	Q3 FY2022	Q2 FY2022	Q3 FY2021
Gross NPA	₹ 9441.5694 crs	₹8763.6025 crs	₹8592.193 crs
Gross NPA %	10.81%	10.82%	1.11%
Net NPA	₹2413.1259 crs	₹2265.8089 crs	₹2013.376 crs
Net NPA %	3.01%	3.04%	0.26%

Gross NPA was at ₹ 9441.5694 crs in Q3 FY2022 against ₹ 8592.193 crs in Q3 FY2021. The same was at ₹ 8763.6025 crs in Q2 FY2022.

Net NPA was at ₹ 2413.1259 crs in Q3 FY2022 against ₹ 2013.376 crs in Q3 FY2021. The same was at ₹ 2265.8089 crs in Q2 FY2022.

GNPA was at 10.81% of Gross advances as on December 31, 2021 as compared to 1.11% as on December 31, 2020 and 10.82% as of September 30, 2021.

Net NPA was at 3.01% of Gross advances as on December 31, 2021 as compared to 0.26% as on December 31, 2020 and 3.04% as of September 30, 2021.

Ratios	Q3 FY2022	Q2 FY2022	Q3 FY2021
RoA %	0.72%	-2.64%	0.61%
CAR (BASEL III) %	20%	20.44%	26.17%

Return on Average Assets (RoA) is at 0.72% for Q3 FY2022 against -2.64% in Q2 FY2022 and 0.61% in Q3 FY2021.

In Q3 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 20%, as compared to 20.44% in Q2 FY2022 and 26.17% in Q3 FY2021.

Shares of Bandhan Bank Limited was last trading in BSE at Rs. 299.70 as compared to the previous close of Rs. 303.70. The total number of shares traded during the day was 439193 in over 7664 trades.

The stock hit an intraday high of Rs. 308.55 and intraday low of 297.95. The net turnover during the day was Rs. 133426340.00.

Source : Equity Bulls

Keywords

BandhanBank Q3FY22 9MFY22 ResultUpdate