City Union Bank posts Q3FY22 PAT of Rs. 196.11 crores

City Union 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. 1195.2446 crores during the period ended December 31, 2021 as compared to Rs. 1224.9408 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 196.1164 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 182.0978 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 2.62 for the period ended December 31, 2021 as compared to Rs. 2.43 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 1195.2446 crs	₹1224.9408 crs	-2.42%
Net Profit	₹196.1164 crs	₹182.0978 crs	7.70%
EPS	₹2.62	₹2.43	7.82%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 1195.2446 crores during the period ended December 31, 2021 as compared to Rs.1267.7970 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.196.1164 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.169.9338 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.2.62 for the period ended December 31, 2021 as compared to Rs.2.28 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 1195.2446 crs	₹1267.7970 crs	-5.72%
Net Profit	₹196.1164 crs	₹169.9338 crs	15.41%
EPS	₹2.62	₹2.28	14.91%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.3610.9898 crores during the 9 Months period ended December 31, 2021 as compared to Rs.3688.0207 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.551.2082 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.481.6361 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.7.37 for the 9 Months period ended December 31, 2021 as compared to Rs.6.47 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹3610.9898 crs	₹3688.0207 crs	-2.09%
Net Profit	₹551.2082 crs	₹481.6361 crs	14.44%
EPS	₹7.37	₹6.47	13.91%

Asset Quality:

Asset Quality	Q3 FY2022	Q2 FY2022	Q3 FY2021
Gross NPA	₹1998.5507 crs	₹2119.3424 crs	₹1071.6854 crs
Gross NPA %	5.21%	5.58%	2.94%
Net NPA	₹1295.9133 crs	₹1294.0525 crs	₹527.1548 crs
Net NPA %	3.44%	3.48%	1.47%

Gross NPA was at ₹ 1998.5507 crs in Q3 FY2022 against ₹ 1071.6854 crs in Q3 FY2021. The same was at ₹ 2119.3424 crs in Q2 FY2022.

Net NPA was at ₹ 1295.9133 crs in Q3 FY2022 against ₹ 527.1548 crs in Q3 FY2021. The same was at ₹ 1294.0525 crs in Q2 FY2022.

GNPA was at 5.21% of Gross advances as on December 31, 2021 as compared to 2.94% as on December 31, 2020 and 5.58% as of September 30, 2021.

Net NPA was at 3.44% of Gross advances as on December 31, 2021 as compared to 1.47% as on December 31, 2020 and 3.48% as of September 30, 2021.

Ratios	Q3 FY2022	Q2 FY2022	Q3 FY2021
RoA %	1.36%	1.32%	1.29%
CAR (BASEL III) %	19.39%	19.24%	17.39%

Return on Average Assets (RoA) is at 1.36% for Q3 FY2022 against 1.32% in Q2 FY2022 and 1.29% in Q3 FY2021.

In Q3 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 19.39%, as compared to 19.24% in Q2 FY2022 and 17.39% in Q3 FY2021.

Shares of City Union Bank Limited was last trading in BSE at Rs. 144.65 as compared to the previous close of Rs. 146.90. The total number of shares traded during the day was 162962 in over 2484 trades.

The stock hit an intraday high of Rs. 148.00 and intraday low of 144.30. The net turnover during the day was Rs. 23792063.00.

Source : Equity Bulls

Keywords

CityUnionBank Q3FY22 9MFY22 ResultUpdate CUB