AU Small Finance Bank Ltd Q3 FY2022-23 PAT rises to Rs. 392.82 crores

AU Small Finance Bank Limited has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 2412.9642 crores during the period ended December 31, 2022 as compared to Rs. 2239.6463 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 392.8282 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 342.5987 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 5.87 for the period ended December 31, 2022 as compared to Rs. 5.24 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹2412.9642 crs	₹2239.6463 crs	7.74%
Net Profit	₹392.8282 crs	₹342.5987 crs	14.66%
EPS	₹5.87	₹5.24	12.02%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.2412.9642 crores during the period ended December 31, 2022 as compared to Rs.1772.0946 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.392.8282 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.302.0473 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.5.87 for the period ended December 31, 2022 as compared to Rs.4.77 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹2412.9642 crs	₹1772.0946 crs	36.16%
Net Profit	₹392.8282 crs	₹302.0473 crs	30.06%
EPS	₹5.87	₹4.77	23.06%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.6631.9603 crores during the 9 Months period ended December 31, 2022 as compared to Rs.4937.0176 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1003.2932 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.783.7591 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.15.37 for the 9 Months period ended December 31, 2022 as compared to Rs.12.39 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹6631.9603 crs	₹4937.0176 crs	34.33%
Net Profit	₹1003.2932 crs	₹783.7591 crs	28.01%
EPS	₹15.37	₹12.39	24.05%

Asset Quality:

Asset Quality	Q3 FY2023	Q2 FY2023	Q3 FY2022
Gross NPA	₹1018.8585 crs	₹996.7026 crs	₹1057.5682 crs
Gross NPA %	1.81%	1.90%	2.60%
Net NPA	₹284.5633 crs	₹288.2237 crs	₹520.1773 crs
Net NPA %	0.51%	0.56%	1.29%

Gross NPA was at ₹ 1018.8585 crs in Q3 FY2023 against ₹ 1057.5682 crs in Q3 FY2022. The same was at ₹ 996.7026 crs in Q2 FY2023.

Net NPA was at ₹ 284.5633 crs in Q3 FY2023 against ₹ 520.1773 crs in Q3 FY2022. The same was at ₹ 288.2237 crs in Q2 FY2023.

GNPA was at 1.81% of Gross advances as on December 31, 2022 as compared to 2.60% as on December 31, 2021 and 1.90% as of September 30, 2022.

Net NPA was at 0.51% of Gross advances as on December 31, 2022 as compared to 1.29% as on December 31, 2021 and 0.56% as of September 30, 2022.

Ratios	Q3 FY2023	Q2 FY2023	Q3 FY2022
RoA %	0.50%	0.46%	0.54%
CAR (BASEL III) %	21.97%	23.36%	19.55%

Return on Average Assets (RoA) is at 0.50% for Q3 FY2023 against 0.46% in Q2 FY2023 and 0.54% in Q3 FY2022.

In Q3 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 21.97%, as compared to 23.36% in Q2 FY2023 and 19.55% in Q3 FY2022.

Shares of AU Small Finance Bank Limited was last trading in BSE at Rs. 629.55 as compared to the previous close of Rs. 629.35. The total number of shares traded during the day was 16792 in over 1229 trades.

The stock hit an intraday high of Rs. 637.50 and intraday low of 625.00. The net turnover during the day was Rs. 10563160.00.

Source : Equity Bulls

Keywords

AUSmallFinanceBank Q3FY23 9MFY23 ResultUpdate