City Union Bank Ltd posts Rs. 208.95 crores net profit in Q4 FY2021-22

City Union Bank Limited has reported Standalone financial results for the period ended March 31, 2022.

Financial Results (Q4 FY2022) - QoQ Comparison

The company has reported total income of Rs. 1252.8731 crores during the period ended March 31, 2022 as compared to Rs. 1195.2446 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs. 208.9569 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs. 196.1164 crores for the period ended December 31, 2021.

The company has reported EPS of Rs. 2.80 for the period ended March 31, 2022 as compared to Rs. 2.62 for the period ended December 31, 2021.

Financials	Q4 FY2022	Q3 FY2022	% Change
Total Income	₹ 1252.8731 crs	₹1195.2446 crs	4.82%
Net Profit	₹208.9569 crs	₹196.1164 crs	6.55%
EPS	₹2.80	₹2.62	6.87%

Financial Results (Q4 FY2022) - YoY Comparison

The company has reported total income of Rs. 1252.8731 crores during the period ended March 31, 2022 as compared to Rs.1135.4308 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.208.9569 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs.111.1867 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.2.80 for the period ended March 31, 2022 as compared to Rs.1.49 for the period ended March 31, 2021.

Financials	Q4 FY2022	Q4 FY2021	% Change
Total Income	₹ 1252.8731 crs	₹1135.4308 crs	10.34%
Net Profit	₹208.9569 crs	₹111.1867 crs	87.93%
EPS	₹2.80	₹1.49	87.92%

Financial Results (Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.4863.8629 crores during the Financial Year ended March 31, 2022 as compared to Rs.4823.4515 crores during the Financial Year ended March 31, 2021.

The company has posted net profit / (loss) of Rs.760.1651 crores for the Financial Year ended March 31, 2022 as against net profit / (loss) of Rs.592.8228 crores for the Financial Year ended March 31, 2021.

The company has reported EPS of Rs.10.18 for the Financial Year ended March 31, 2022 as compared to Rs.7.97 for the Financial Year ended March 31, 2021.

Financials	Year Ended FY2022	Year Ended FY2021	% Change
Total Income	₹4863.8629 crs	₹4823.4515 crs	0.84%
Net Profit	₹760.1651 crs	₹592.8228 crs	28.23%
EPS	₹10.18	₹7.97	27.73%

Asset Quality:

Asset Quality	Q4 FY2022	Q3 FY2022	Q4 FY2021
Gross NPA	₹1933.1774 crs	₹1998.5507 crs	₹1893.1947 crs
Gross NPA %	4.70%	5.21%	5.11%
Net NPA	₹1191.1005 crs	₹1295.9133 crs	₹1075.1939 crs
Net NPA %	2.95%	3.44%	2.97%

Gross NPA was at ₹ 1933.1774 crs in Q4 FY2022 against ₹ 1893.1947 crs in Q4 FY2021. The same was at ₹ 1998.5507 crs in Q3 FY2022.

Net NPA was at ₹ 1191.1005 crs in Q4 FY2022 against ₹ 1075.1939 crs in Q4 FY2021. The same was at ₹ 1295.9133 crs in Q3 FY2022.

GNPA was at 4.70% of Gross advances as on March 31, 2022 as compared to 5.11% as on March 31, 2021 and 5.21% as of December 31, 2021.

Net NPA was at 2.95% of Gross advances as on March 31, 2022 as compared to 2.97% as on March 31, 2021 and 3.44% as of December 31, 2021.

Ratios	Q4 FY2022	Q3 FY2022	Q4 FY2021
RoA %	1.42%	1.36%	0.84%
CAR (BASEL III) %	20.85%	19.39%	19.52%

Return on Average Assets (RoA) is at 1.42% for Q4 FY2022 against 1.36% in Q3 FY2022 and 0.84% in Q4 FY2021.

In Q4 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 20.85%, as compared to 19.39% in Q3 FY2022 and 19.52% in Q4 FY2021.

Shares of City Union Bank Limited was last trading in BSE at Rs. 126.65 as compared to the previous close of Rs. 126.50. The total number of shares traded during the day was 50173 in over 888 trades.

The stock hit an intraday high of Rs. 129.25 and intraday low of 125.75. The net turnover during the day was Rs. 6389519.00.

Source : Equity Bulls

Keywords

CityUnionBank Q4FY22 FY2022 ResultUpdate CUB