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Stock Report
City Union Bank reports net profit of Rs. 225.14 crores in Q1FY23
Posted On : 2022-08-08 20:58:10( TIMEZONE : IST )
City Union Bank Limited has reported Standalone financial results for the period ended June 30, 2022.
Financial Results (Q1 FY2023) - QoQ Comparison
The company has reported total income of Rs. 1316.9767 crores during the period ended June 30, 2022 as compared to Rs. 1252.8731 crores during the period ended March 31, 2022.
The company has posted net profit / (loss) of Rs. 225.1439 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 208.9569 crores for the period ended March 31, 2022.
The company has reported EPS of Rs. 3.01 for the period ended June 30, 2022 as compared to Rs. 2.80 for the period ended March 31, 2022.
| Financials | Q1 FY2023 | Q4 FY2022 | % Change |
| Total Income | ₹ 1316.9767 crs | ₹1252.8731 crs |  5.12% |
| Net Profit | ₹225.1439 crs | ₹208.9569 crs | 7.75% |
| EPS | ₹3.01 | ₹2.80 | 7.50% |
Financial Results (Q1 FY2023) - YoY Comparison
The company has reported total income of Rs. 1316.9767 crores during the period ended June 30, 2022 as compared to Rs.1190.8044 crores during the period ended June 30, 2021.
The company has posted net profit / (loss) of Rs.225.1439 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.172.9940 crores for the period ended June 30, 2021.
The company has reported EPS of Rs.3.01 for the period ended June 30, 2022 as compared to Rs.2.31 for the period ended June 30, 2021.
| Financials | Q1 FY2023 | Q1 FY2022 | % Change |
| Total Income | ₹ 1316.9767 crs | ₹1190.8044 crs | 10.60% |
| Net Profit | ₹225.1439 crs | ₹172.9940 crs | 30.15% |
| EPS | ₹3.01 | ₹2.31 | 30.30% |
Asset Quality:
| Asset Quality | Q1 FY2023 | Q4 FY2022 | Q1 FY2022 |
| Gross NPA | ₹1903.5093 crs | ₹ 1933.1774 crs | ₹2035.3498 crs |
| Gross NPA % | 4.65% | 4.70% | 5.59% |
| Net NPA | ₹1161.2426 crs | ₹1191.1005 crs | ₹1242.1739 crs |
| Net NPA % | 2.89% | 2.95% | 3.49% |
Gross NPA was at ₹ 1903.5093 crs in Q1 FY2023 against ₹ 2035.3498 crs in Q1 FY2022. The same was at ₹ 1933.1774 crs in Q4 FY2022.
Net NPA was at ₹ 1161.2426 crs in Q1 FY2023 against ₹ 1242.1739 crs in Q1 FY2022. The same was at ₹ 1191.1005 crs in Q4 FY2022.
GNPA was at 4.65% of Gross advances as on June 30, 2022 as compared to 5.59% as on June 30, 2021 and 4.70% as of March 31, 2022.
Net NPA was at 2.89% of Gross advances as on June 30, 2022 as compared to 3.49% as on June 30, 2021 and 2.95% as of March 31, 2022.
| Ratios | Q1 FY2023 | Q4 FY2022 | Q1 FY2022 |
| RoA % | 1.46% | 1.42% | 1.29% | CAR (BASEL III) % | 20.48% | 20.85% | 19.58% |
Return on Average Assets (RoA) is at 1.46% for Q1 FY2023 against 1.42% in Q4 FY2022 and 1.29% in Q1 FY2022.
In Q1 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 20.48%, as compared to 20.85% in Q4 FY2022 and 19.58% in Q1 FY2022.
Shares of City Union Bank Limited was last trading in BSE at Rs. 160.05 as compared to the previous close of Rs. 162.45. The total number of shares traded during the day was 83536 in over 1104 trades.
The stock hit an intraday high of Rs. 166.25 and intraday low of 157.75. The net turnover during the day was Rs. 13560954.00.
